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CADL - Candel Therapeutics, Inc.

Insider Purchase by Manning Paul B (Dir)

1 Month
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Trade Summary

4 days ago, Manning Paul B, serving as Dir at Candel Therapeutics, Inc. (CADL), purchased 550,458 shares at $5.45 per share, for a total transaction value of $2,999,996.00. Following this transaction, Manning Paul B now holds 5,748,279 shares of CADL.

This purchase represents a 11.00% increase in Manning Paul B's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Monday, February 23, 2026 and publicly disclosed via SEC Form 4 filing on Thursday, February 26, 2026, 3 days after the trade was made.

Candel Therapeutics, Inc. operates in the HEALTHCARE sector, specifically within the BIOTECHNOLOGY industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Manning Paul B

Dir

Paul B. Manning (age 69) is the Chairman of the Board of Verrica Pharmaceuticals Inc. (VRCA), serving as Chairman since December 2017 and as a director since December 2015.[[1]](https://fintool.com/app/research/companies/VRCA/people/paul-manning)[[2]](https://verrica.com/leadership_members/paul-b-manning/) He recently traded as a corporate insider (Dir, 10%) at VRCA, reflecting his significant ownership stake through affiliated entities holding approximately 49.99% of the company's shares as of April 1, 2025.[[1]](https://fintool.com/app/research/companies/VRCA/people/paul-manning) Manning founded PBM Capital, a healthcare-focused private equity investment firm, in 2010, where he serves as Chairman and CEO, overseeing investments in life sciences and pharmaceuticals.[[1]](https://fintool.com/app/research/companies/VRCA/people/paul-manning)[[2]](https://verrica.com/leadership_members/paul-b-manning/)[[3]](https://www.pbmcap.com/paul-b-manning) Previously, he founded PBM Products in 1997, building it into the world's largest private-label producer of infant formula and baby food before selling it to Perrigo Corporation in 2010, after which he joined Perrigo's board.[[1]](https://fintool.com/app/research/companies/VRCA/people/paul-manning)[[2]](https://verrica.com/leadership_members/paul-b-manning/)[[3]](https://www.pbmcap.com/paul-b-manning) Manning holds a B.S. in Microbiology from the University of Massachusetts and brings over 30 years of experience in healthcare entrepreneurship and investing.[[1]](https://fintool.com/app/research/companies/VRCA/people/paul-manning)[[2]](https://verrica.com/leadership_members/paul-b-manning/)[[3]](https://www.pbmcap.com/paul-b-manning) His career highlights include board service at companies such as Candel Therapeutics, Liquidia Corporation, Dova Pharmaceuticals, AveXis (acquired by Novartis), Concordia Healthcare, and Taysha Gene Therapies.[[1]](https://fintool.com/app/research/companies/VRCA/people/paul-manning)[[2]](https://verrica.com/leadership_members/paul-b-manning/) He was named Virginia Entrepreneur of the Year by Ernst & Young in 2002 and serves on University of Virginia boards, including the Board of Visitors (appointed 2023).[[3]](https://www.pbmcap.com/paul-b-manning)[[4]](https://bov.virginia.edu/people/paul-b-manning)

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Trade Price

$5.45

Quantity

550,458

Total Value

$2,999,996.00

Shares Owned

5,748,279

Trade Date

Monday, February 23, 2026

4 days ago

SEC Filing Date

Thursday, February 26, 2026

Filed 3 days after trade

HEALTHCAREBIOTECHNOLOGY

About Candel Therapeutics, Inc.

Company Overview

No company information available
View news mentioning CADL

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