Coastlands Capital LP 4
4 · Pasithea Therapeutics Corp. · Filed Jun 22, 2026
Research Summary
AI-generated summary of this filing
Pasithea (KTTA) 10% Owner Coastlands Capital LP Buys 100,000 Shares
What Happened Coastlands Capital LP, listed as a 10% owner of Pasithea Therapeutics Corp. (KTTA), reported an open-market/private purchase of 100,000 shares on 2026-06-17 at $0.53 per share, for a total of approximately $53,000. This was a purchase (accumulation) by an institutional holder rather than a corporate officer or director.
Key Details
- Transaction date and price: 2026-06-17 — 100,000 shares @ $0.53 each (total ~$53,000).
- Filing date: Form 4 filed 2026-06-22 (five days after the reported transaction). Form 4s are typically due within two business days, so this filing appears later than the usual reporting window.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: The filing clarifies that Coastlands Capital LP and related entities (Coastlands Capital GP LLC, Coastlands Capital LLC) are investment adviser/general partner entities and that Matthew Perry is the control person. The reporting persons filed jointly but disclaim membership in a group and disclaim beneficial ownership except to the extent of pecuniary interest.
Context
- This is an institutional purchase by a 10% owner, which reflects the activity of an investment firm rather than insider trading by company management. Such purchases can indicate the firm is adding to a position but do not by themselves reveal motivation.
- No options, awards, gifts, or tax-withholding codes are involved in this transaction.
Insider Transaction Report
Form 4
Coastlands Capital LP
10% Owner
Transactions
- Purchase
Common Stock
[F1]2026-06-17$0.53/sh+100,000$53,000→ 3,835,035 total(indirect: By Coastlands Capital LP)
Footnotes (1)
- [F1]Coastlands Capital LP ("Coastlands") and Coastlands Capital GP LLC (the "General Partner") are the investment adviser and general partner, respectively, of Coastlands Capital Partners LP, a Delaware limited partnership (the "Partnership"). Coastlands Capital LLC ("Coastlands GP") is the general partner of Coastlands. Matthew Perry is the control person of Coastlands, the Partnership, Coastlands GP and the General Partner. The reporting persons are filing this Form 4 jointly, but not as members of a group, and each disclaims membership in a group. Each reporting person also disclaims beneficial ownership of common stock except to the extent of that person's pecuniary interest therein.