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$OCUL
$6.72 +$0.25 (3.86%) Close

Ownership

13F as of Q2 2026 · 219.6M shares outstanding

Who owns OCUL?

By type of holder
Institutions 92.9% Insiders 2.9% Everyone else 4.2%
Concentration Top 10 holders own 60.1%
FMR LLC 15.0% · Deep Track Capital, LP 9.0%
Institutional ownership
92.9%
-1.4 pts vs last qtr
Institutional holders
258
-12 vs last qtr
Net shares bought
−3.0M
by institutions in Q2 2026
New / sold out
32 / 44
positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026
  • BlackRock, Inc. +3.2M
  • Dimensional Fund Advisors LP +2.1M

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Biggest sellers in Q2 2026
  • Alliancebernstein L.P. −3.9M
  • Commodore Capital LP SOLD OUT −2.6M

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Who is planning to sell?

Notices of proposed sale, last 12 months
$3.42M
32 notices from 9 people
Shares covered
372.9K
0.17% of the company
Arranged in advance
0%
of the value is under a 10b5-1 plan
Under a 10b5-1 plan No plan
$0$941.0K$1.9MNov 2025: $613.5K without a planNovDecJanFeb 2026: $1.9M without a planFebMarAprMay 2026: $237.8K without a planMayJun 2026: $122.6K without a planJunJulAug 2026: $333.1K without a planAugSepOct 2026: $234.4K without a planOct
Largest proposed sellers
  • Pravin Dugel Officer $1.94M
  • Namrata Saroj Officer $278K

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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, FY2019–FY2025
+313.6%
+26.70% a year
Each share's claim on the business
−75.8%
shrank without buying or selling a share
Spent on buybacks vs paid in stock
— vs $142M
over 7 fiscal years
Diluted shares, split-adjusted
43.9M116.5M189.1M2019: 45.3M shares'192020: 60.8M shares'202021: 82.2M shares'212022: 82.6M shares'222023: 85.6M shares'232024: 158.3M shares'242025: 187.2M shares'25
Buybacks Stock-based comp
$0$21.6M$43.2M2019 buybacks: $02019 stock comp: $8.8M'192020 buybacks: $02020 stock comp: $7.5M'202021 buybacks: $02021 stock comp: $15.0M'212022 buybacks: $02022 stock comp: $17.0M'222023 buybacks: $02023 stock comp: $17.8M'232024 buybacks: $02024 stock comp: $33.1M'242025 buybacks: $02025 stock comp: $43.2M'25

How patient are the owners?

Institutional shares by how long they've been held
5+ years37% 3–5 years18% 1–3 years34% Under 1 year11%
Quarterly turnover
11.3%
of institutional shares changed hands
Top 10 managers, median time held
5 years

Super Investors

Investment managers reporting OCUL on Form 13F
F
FMR LLC
Shares
32.8M
% of company
14.96%
Change vs last qtr
+190.3K (+0.6%)
Held since
2022
DT
Deep Track Capital, LP
Shares
19.7M
% of company
8.96%
Change vs last qtr
Unchanged
Held since
2023

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Institutional Funds

Mutual funds and ETFs reporting OCUL on Form N-PORT; together they hold 29.6% of the company
FG
Fidelity Mt. Vernon Street Trust
Position value
$102M
% of company
4.42%
% of the fund
0.10%
As of
August 31, 2026
VT
Position value
$65M
% of company
3.01%
% of the fund
0.00%
As of
June 30, 2026

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Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G
DP
Dugel Pravin
Insider
Shares
3.3M
% of company
1.49%
Change vs last qtr
—
Held since
—
ND
Notman Donald
Insider
Shares
366.5K
% of company
0.17%
Change vs last qtr
—
Held since
—

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