CADL SEC Filing News — Candel Therapeutics, Inc.

Latest SEC filings for Candel Therapeutics, Inc. (CADL) explained in plain English. Covers insider buying and selling (Form 4), proposed insider sales (Form 144), material company events (8-K), and quarterly & annual reports (10-Q / 10-K). StrongBuyAnalytics provides navigation and brief excerpts or summaries; original filings remain at the SEC/source links and were authored by their filers, not StrongBuyAnalytics. Filing dates shown are source dates. Coverage and detection can be delayed or incomplete because of SEC availability, amendments, parsing, caching, or outages. Latest source filing date shown: 2026-10-02.

Candel Therapeutics, Inc., a clinical stage biopharmaceutical company, develops immunotherapies for cancer patients. It develops CAN-2409, which is in Phase 2a clinical trials for the treatment of prostate cancer; and Phase 2a clinical trials for the treatment of non-small cell lung cancer (NSCLC). The company is also developing CAN-3110, which is in Phase Ib clinical trials for the treatment of recurrent high-grade glioma. In addition, it develops the enLIGHTEN Discovery Platform, a systematic,…
Sector: Healthcare Industry: Biotechnology Market Cap: $622.9M CIK: 1841387
20
Total Filings
0
Bullish Classifications
4
Bearish Classifications
12
Insider Transactions
3
Material Events (8-K)
1
Periodic Reports
Rule-based classifications for CADL currently lean bearish. Of the 20 filing records displayed, 4 carry bearish classifications (such as insider sales or negative 8-K disclosures) versus 0 bullish. This does not necessarily signal fundamental deterioration — insiders sell for many reasons — but it is worth monitoring alongside the company's core financial metrics.
CADL Filing Activity Snapshot 2026-06-29 — 2026-10-02
Insider Transactions (Form 4)
0 buys vs 4 sells
Net insider selling in this period — insiders sell for many reasons beyond conviction.
Largest Form 144 Filing
$3.41M
PAUL PETER TAK · 2026-09-10
280,245 shares · Form 144
Form 144 Notices
4
Proposed insider sales filed — Form 144 is a notice of intent, not a confirmed transaction. Actual sales are confirmed via Form 4.
Insider Transactions 12 · Forms 3, 4 and 5

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.

What each transaction type means

Compensation award ×8
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.
Open-market sale ×4
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.
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)
Proposed Insider Sales 4 · Form 144

A Form 144 is a notice of intent to sell restricted or control securities. It is not a record that anything was sold. Candel Therapeutics, Inc. has 4 such notices in this period.

The distinction matters because a Form 144 is frequently reported as though it were a completed insider sale. The filer may sell all of the shares covered, some of them, or none at all, and there is no obligation to update the notice either way. A sale that is actually executed by an officer or director shows up separately on a Form 4, which is the filing to check before treating a proposed sale as a real one.

Form 144 Proposed Insider Sale 2026-09-10

CADL Form 144 filed for proposed insider sale by PAUL PETER TAK (280,245 shares) ~$3.41M

PAUL PETER TAK filed a Form 144 with the SEC indicating intent to sell CADL (Candel Therapeutics, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: PAUL PETER TAK Shares: 280,245 Est. Value: $3.41M
Form 144 Proposed Insider Sale 2026-08-17

CADL Form 144 filed for proposed insider sale by SESHU TYAGARAJAN (7,000 shares) ~$82.0K

SESHU TYAGARAJAN filed a Form 144 with the SEC indicating intent to sell CADL (Candel Therapeutics, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: SESHU TYAGARAJAN Shares: 7,000 Est. Value: $82.0K
Form 144 Proposed Insider Sale 2026-06-29

CADL Form 144 filed for proposed insider sale by SESHU P TYAGARAJAN (7,000 shares) ~$68.5K

SESHU P TYAGARAJAN filed a Form 144 with the SEC indicating intent to sell CADL (Candel Therapeutics, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: SESHU P TYAGARAJAN Shares: 7,000 Est. Value: $68.5K
Form 144 Proposed Insider Sale 2026-06-29

CADL Form 144 filed for proposed insider sale by FRANCESCA BARONE (23,447 shares) ~$229.5K

FRANCESCA BARONE filed a Form 144 with the SEC indicating intent to sell CADL (Candel Therapeutics, Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: FRANCESCA BARONE Shares: 23,447 Est. Value: $229.5K
Material Events 3 · Form 8-K

An 8-K reports a material event in the window between scheduled reports. There are 3 in this period for Candel Therapeutics, Inc. Each 8-K names the item number it is filed under, and that number is the fastest way to tell a routine disclosure from a consequential one.

Item 2.02 is an earnings release, Item 5.02 is a change of directors or officers, and Item 1.01 or 2.01 covers a material agreement or a completed acquisition. Item 7.01 and Item 8.01 are the general-purpose disclosure items and carry no fixed meaning on their own.

Form 8-K Material Company Update 2026-09-10

CADL filed 8-K — material company event

Candel Therapeutics, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-09-09

CADL filed 8-K — material company event

Candel Therapeutics, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-08-13

CADL filed 8-K — material company event

Candel Therapeutics, Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Periodic Reports 1 · Forms 10-K and 10-Q

The periodic reports are where the audited and reviewed financial statements live. This period contains 1 quarterly report (10-Q) for Candel Therapeutics, Inc.

The two are not equivalent in weight. A 10-K is audited by an external firm and includes the full risk factor disclosure, business description and management discussion; a 10-Q is unaudited, reviewed rather than examined, and much shorter. When a figure in a quarterly report is later revised, the annual report is usually where the correction appears.

An amended report — 10-K/A or 10-Q/A — restates or corrects something in the original filing, and is worth reading against the version it replaces.

Form 10-Q Quarterly Report 2026-08-13

CADL filed Quarterly Report (10-Q)

Candel Therapeutics, Inc. filed its quarterly report with the SEC. This report includes unaudited financial statements and management discussion for the quarter.

Filing: 10-Q (Quarterly Report)

How we classify Candel Therapeutics, Inc.'s filings

Straight from EDGAR

Each displayed record links to an original source document. StrongBuyAnalytics provides navigation and brief excerpts or summaries, not the filing itself. Parsing may omit context or contain errors, so read the original document in full.

Transaction codes, not guesswork

The nature shown on each insider filing comes from the transaction code the filer entered on the form itself — P for an open-market purchase, A for a compensation award, F for shares withheld to pay tax, M for an option exercise. Where one filing contains several codes, the transaction table lists them line by line.

Why the distinction matters

Insider activity is routinely summarised as buying or selling, which flattens together decisions that mean very different things. Shares withheld for tax on a vesting grant are an automatic administrative step; shares bought on the open market are someone committing their own money at the current price.

What this page does not tell you

A filing records what happened, not why. Form 4 does not always disclose whether a sale was executed under a pre-arranged Rule 10b5-1 plan, and no single filing is a basis for a decision on CADL. Read these alongside the fundamentals rather than in isolation.

Frequently Asked Questions — CADL SEC Filings

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CADL Full Analysis
Publisher, sources & limitations — September 15, 2026. StrongBuyAnalytics provides navigation and brief excerpts or summaries for educational use. Original filings remain at SEC EDGAR or other displayed source links; StrongBuyAnalytics does not author them. Filing dates are source dates, not publication dates for this page. Coverage can be delayed, incomplete, amended, or unavailable because of SEC/source availability, parsing, caching, or outages. Verify every material statement in the original filing.
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