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$VTGN
$0.17 -$0.01 (3.28%) Close

Ownership

13F as of Q2 2026 · 44.4M shares outstanding

Who owns VTGN?

By type of holder
Institutions 26.5% Insiders 0.5% Everyone else 73.0%
Concentration Top 10 holders own 20.1%
Commodore Capital LP 6.3% · Vanguard Capital Management LLC 3.6%
Institutional ownership
26.5%
-6.7 pts vs last qtr
Institutional holders
48
-8 vs last qtr
Net shares bought
−3.0M
by institutions in Q2 2026
New / sold out
9 / 17
positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026
  • Commodore Capital LP NEW +2.8M
  • Renaissance Technologies LLC +439.2K

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Biggest sellers in Q2 2026
  • Orbimed Advisors LLC SOLD OUT −3.1M
  • TCG Crossover Management, LLC SOLD OUT −2.7M

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Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Vistagen Therapeutics, Inc. in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2024–FY2026
+96.7%
+40.26% a year
Each share's claim on the business
−49.2%
shrank without buying or selling a share
Spent on buybacks vs paid in stock
— vs $10.5M
over 3 fiscal years
Diluted shares, split-adjusted
18.8M28.6M38.5M2024: 19.4M shares'242025: 30.9M shares'252026: 38.1M shares'26
Buybacks Stock-based comp
$0$2.2M$4.3M2024 buybacks: $02024 stock comp: $2.2M'242025 buybacks: $02025 stock comp: $4.3M'252026 buybacks: $02026 stock comp: $4.0M'26

How patient are the owners?

Institutional shares by how long they've been held
5+ years0% 3–5 years24% 1–3 years35% Under 1 year41%
Quarterly turnover
42.0%
of institutional shares changed hands
Top 10 managers, median time held
2.5 years

Super Investors

Investment managers reporting VTGN on Form 13F
OA
Orbimed Advisors LLC
Shares
—
% of company
—
Change vs last qtr
SOLD OUT
Held since
—
CC
Commodore Capital LP
Shares
2.8M
% of company
6.28%
Change vs last qtr
NEW
Held since
Q2 '26

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Institutional Funds

Mutual funds and ETFs reporting VTGN on Form N-PORT; together they hold 5.6% of the company
VT
Position value
$262K
% of company
2.61%
% of the fund
0.00%
As of
June 30, 2026
AP
AdvisorShares Trust
Position value
$99.1K
% of company
0.99%
% of the fund
0.22%
As of
June 30, 2026

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Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G
SS
Singh Shawn
Insider
Shares
99.2K
% of company
0.22%
Change vs last qtr
—
Held since
—
AR
Adler Reid G.
Insider
Shares
60.9K
% of company
0.14%
Change vs last qtr
—
Held since
—

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