A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 12 filings in this group are Form 4s for Candel Therapeutics, Inc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 12 insider filings shown, the breakdown is 8 compensation award and 4 open-market sale. 4 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Compensation award
Tax / Compensation Filing
2026-10-02
CADL insider Form 4 filed for equity award, exercise, or tax withholding
Loggia Nicoletta (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Stock Option (Right to Buy)
|
380 |
$8.68 |
$3.3K |
Filing: Form 4 (Insider Transaction)
Insider: Loggia Nicoletta (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-10-02
CADL insider Form 4 filed for equity award, exercise, or tax withholding
PAPA JOSEPH C (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Stock Option (Right to Buy)
|
1,325 |
$8.68 |
$11.5K |
Filing: Form 4 (Insider Transaction)
Insider: PAPA JOSEPH C (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-10-02
CADL insider Form 4 filed for equity award, exercise, or tax withholding
Manning Paul B (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Stock Option (Right to Buy)
|
2,189 |
$8.68 |
$19.0K |
Filing: Form 4 (Insider Transaction)
Insider: Manning Paul B (Director)
Form 4
Open-market sale
Insider Selling
2026-09-11
CADL insider Tak Paul Peter (Director, Chief Executive Officer) sold 280,245 shares (~$3.16M)
Tak Paul Peter, listed as Director, Chief Executive Officer at Candel Therapeutics, Inc., reported an open-market sale of 280,245 CADL shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
M |
Option exercise
|
125,000 |
$1.55 |
$193.8K |
S |
Open-market sale
|
220,866 |
$11.50 |
$2.54M |
S |
Open-market sale
|
59,379 |
$10.46 |
$620.9K |
M |
Option exercise
derivative · Stock Option (Right to Buy)
|
125,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Tak Paul Peter (Director, Chief Executive Officer)
Shares: 280,245
Est. Value: $3.16M
Form 4
Compensation award
Tax / Compensation Filing
2026-09-10
CADL insider Form 4 filed for equity award, exercise, or tax withholding
Zimmermann Martine (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Stock Option (Right to Buy)
|
64,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Zimmermann Martine (Director)
Form 4
Open-market sale
Insider Selling
2026-08-19
CADL insider Tyagarajan Seshu (Chief Technology Officer) sold 7,000 shares (~$84.0K)
Tyagarajan Seshu, listed as Chief Technology Officer at Candel Therapeutics, Inc., reported an open-market sale of 7,000 CADL shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
7,000 |
$12.00 |
$84.0K |
Filing: Form 4 (Insider Transaction)
Insider: Tyagarajan Seshu (Chief Technology Officer)
Shares: 7,000
Est. Value: $84.0K
Form 4
Compensation award
Tax / Compensation Filing
2026-07-08
CADL insider Form 4 filed for equity award, exercise, or tax withholding
Sims Mark E. (Chief Commercial Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Stock Option (Right to Buy)
|
285,000 |
— |
— |
Filing: Form 4 (Insider Transaction)
Insider: Sims Mark E. (Chief Commercial Officer)
Form 4
Open-market sale
Insider Selling
2026-07-01
CADL insider Barone Francesca (Chief Scientific Officer) sold 23,447 shares (~$235.8K)
Barone Francesca, listed as Chief Scientific Officer at Candel Therapeutics, Inc., reported an open-market sale of 23,447 CADL shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
23,447 |
$10.06 |
$235.8K |
Filing: Form 4 (Insider Transaction)
Insider: Barone Francesca (Chief Scientific Officer)
Shares: 23,447
Est. Value: $235.8K
Form 4
Open-market sale
Insider Selling
2026-07-01
CADL insider Tyagarajan Seshu (Chief Technology Officer) sold 7,000 shares (~$70.2K)
Tyagarajan Seshu, listed as Chief Technology Officer at Candel Therapeutics, Inc., reported an open-market sale of 7,000 CADL shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
7,000 |
$10.02 |
$70.2K |
Filing: Form 4 (Insider Transaction)
Insider: Tyagarajan Seshu (Chief Technology Officer)
Shares: 7,000
Est. Value: $70.2K
Form 4
Compensation award
Tax / Compensation Filing
2026-07-01
CADL insider Form 4 filed for equity award, exercise, or tax withholding
Manning Paul B (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Stock Option (Right to Buy)
|
2,199 |
$8.64 |
$19.0K |
Filing: Form 4 (Insider Transaction)
Insider: Manning Paul B (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-07-01
CADL insider Form 4 filed for equity award, exercise, or tax withholding
PAPA JOSEPH C (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Stock Option (Right to Buy)
|
1,331 |
$8.64 |
$11.5K |
Filing: Form 4 (Insider Transaction)
Insider: PAPA JOSEPH C (Director)
Form 4
Compensation award
Tax / Compensation Filing
2026-07-01
CADL insider Form 4 filed for equity award, exercise, or tax withholding
Loggia Nicoletta (Director) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
derivative · Stock Option (Right to Buy)
|
381 |
$8.64 |
$3.3K |
Filing: Form 4 (Insider Transaction)
Insider: Loggia Nicoletta (Director)