Tenax Therapeutics 10% owner ADAR1 Capital Management LLC buys $1.5 million of shares
Open market purchase reported on Form 4, filed Oct 21, 2026.
Snapshot
ADAR1 Capital Management LLC, a holder of more than 10% of the shares of Tenax Therapeutics (TENX), bought 922,849 shares in open market purchases between Oct 19, 2026 and Oct 21, 2026, about $1.5 million at an average price of $1.59 a share, according to a Form 4 filed with the SEC on Oct 21, 2026.
- Independent Research
Market Data
| Company | 1D % | Price |
|---|---|---|
| ($TENX) | ▲ +6.75% | 1.74 |
as of 12:03 ET · Realtime derived data
What We Know
The filing lists 3 open market purchase lines: • Oct 19, 2026: 336,528 shares at $1.51. • Oct 20, 2026: 254,342 shares at $1.60. • Oct 21, 2026: 331,979 shares at $1.66.
After the last purchase, the filing reports 7,447,000 shares held indirectly in that account.
Octans View
The purchases raised the holding reported in that account by about 14%, computed from the filed share counts. An open market purchase is made with the insider's own money at the market price, unlike option exercises or stock awards, which this brief excludes. The filing does not say why the insider bought. The filing is a joint filing with 1 related reporting person; the purchases are counted once.
Bear Case · Room for Disagreement
Limits. Insiders must report trades within two business days; this brief covers one filing and does not net it against sales by the same person or other insiders. Prices are as filed; where a line shows a weighted average, the filing's footnotes give the range.
Method and source. Octans Research reads the structured Form 4 filed with the SEC, keeps open market purchases (code P) only, and computes the total value and the average price from the filed share counts and prices. The filed price must sit within 25% of the closing price on the trade date. The text is generated by a fixed template; no model wrote it.
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Sources
- [1]SEC EDGAR — Form 4 filed by ADAR1 Capital Management LLC for Tenax Therapeutics, Oct 21, 2026
These are the sources this piece was drafted from. How we verify. Found an error? Tell us and we correct it in public.
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