$AQST

$4.07 +$0.00 (0.0%) After hours

$AQST Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 125.5M shares outstanding

Who owns AQST?

By type of holder

Institutions 57.3% Insiders 4.2% Everyone else 38.5%

Concentration Top 10 holders own 34.6%

Bratton Capital Management, L.P. 7.8% · BlackRock, Inc. 6.4%

Institutional ownership

57.3%

-0.0 pts vs last qtr

Institutional holders

183

+3 vs last qtr

Net shares bought

−19.0K

by institutions in Q2 2026

New / sold out

23 / 20

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Nuveen, LLC +961.8K
Propel Bio Management, LLC +731.4K

Biggest sellers in Q2 2026

Balyasny Asset Management L.P. −2.2M
Morgan Stanley −933.2K

Who is planning to sell?

Notices of proposed sale, last 12 months

$1.04M

8 notices from 4 people

Shares covered

220.1K

0.18% of the company

Arranged in advance

73%

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

Daniel Barber Director 10b5-1 $595K
Carl N. Kraus Affiliate $286K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2020–FY2025

+166.3%

+21.63% a year

Each share's claim on the business

−62.4%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

— vs $35.2M

over 6 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years46% 3–5 years1% 1–3 years20% Under 1 year33%

Quarterly turnover

10.5%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting AQST on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
BC Bratton Capital Management, L.P.	9.8M	7.82%	Unchanged	≤2021	100.0%
Shares held by quarter Peak holding9.8M (Q3'24) Change over 8 quarters0 Share of the company7.820% Bratton Capital Management, L.P.'s full portfolio →
B BlackRock, Inc.	8.1M	6.43%	+560.3K (+7.5%)	≤2021	0.0%
Shares held by quarter Peak holding8.1M (Q2'26) Change over 8 quarters+2.2M Share of the company6.430% BlackRock, Inc.'s full portfolio →

Bratton Capital Management, L.P.

9.8M

% of company

7.82%

Change vs last qtr

Unchanged

Held since

≤2021

BlackRock, Inc.

8.1M

% of company

6.43%

Change vs last qtr

+560.3K (+7.5%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding Aquestive Therapeutics, Inc., how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting AQST on Form N-PORT; together they hold 16.2% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$14.2M	3.4M	2.71%	0.00%	June 30, 2026
IR iShares Russell 2000 ETF iShares Trust	$11.7M	2.8M	2.25%	0.01%	June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$14.2M

% of company

2.71%

% of the fund

0.00%

As of

June 30, 2026

iShares Russell 2000 ETF

iShares Trust

Position value

$11.7M

% of company

2.25%

% of the fund

0.01%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Aquestive Therapeutics, Inc. and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
BD Bratton Douglas K Insider	2.0M	1.56%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company1.560% Bratton Douglas K's insider activity →
BD Barber Daniel Insider	627.3K	0.50%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.500% Barber Daniel's insider activity →

Bratton Douglas K

Insider

2.0M

% of company

1.56%

Change vs last qtr

—

Held since

—

Barber Daniel

Insider

627.3K

% of company

0.50%

Change vs last qtr

—

Held since

—

13 more holders behind a free account

See every insider and 5%+ holder of Aquestive Therapeutics, Inc..

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