Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-29

Tarsus Pharmaceuticals (TARS)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,617,979
Bobak Azamian total, FY2025
CEO pay percentile vs peers
26:1
CEO-to-median pay ratio
99.31%
Say-on-pay support, latest vote
Companies that benchmark against TARS
10 companies name TARS as a compensation peer

Each company listed discloses TARS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TARS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Bobak Azamian$726,333$0$2,648,284$2,651,487$555,700$0$36,175$6,617,979
President, Chief Executive Officer and Board Chairman
Aziz Mottiwala529,2500983,361984,518260,100032,3002,789,529
Chief Commercial Officer
Jeffrey Farrow541,6670893,961895,011264,900082,0782,677,617
Chief Financial Officer and Chief Strategy Officer
Seshadri Neervannan547,0000893,961895,011267,300024,9002,628,172
Chief Operating Officer
Bryan Wahl500,8330893,961895,011245,500024,9002,560,205
General Counsel and Corporate Secretary

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Bobak Azamian$6,617,979
Aziz Mottiwala2,789,529
Jeffrey Farrow2,677,617
Seshadri Neervannan2,628,172
Bryan Wahl2,560,205

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Scott MorrisonDirector2026-06-12D2,954$0$0Derivative, Class A CommonForm 4 ↗
Scott MorrisonDirector2026-06-12A2,954CommonForm 4 ↗
Katherine GoodrichDirector2026-06-12A2,954CommonForm 4 ↗
Wendy YarnoDirector2026-06-12D2,95400Derivative, Class A CommonForm 4 ↗
Bhaskar ChaudhuriDirector2026-06-12D2,95400Derivative, Class A CommonForm 4 ↗
Andrew GoldbergDirector2026-06-12A2,954CommonForm 4 ↗
Bhaskar ChaudhuriDirector2026-06-12A2,954CommonForm 4 ↗
William J. LinkDirector2026-06-12A2,954CommonForm 4 ↗
Andrew GoldbergDirector2026-06-12D2,95400Derivative, Class A CommonForm 4 ↗
Wendy YarnoDirector2026-06-12A2,954CommonForm 4 ↗
Katherine GoodrichDirector2026-06-12D2,95400Derivative, Class A CommonForm 4 ↗
William J. LinkDirector2026-06-12D2,95400Derivative, Class A CommonForm 4 ↗
William J. LinkDirector2026-06-15D1,92863121,348CommonForm 4 ↗
William J. LinkDirector2026-06-15D10,57262655,147CommonForm 4 ↗
Jeffrey FarrowSee Remarks2026-06-15D27,88100Derivative, Class A CommonForm 4 ↗
Katherine GoodrichDirector2026-06-15D2,95462183,384CommonForm 4 ↗
Jeffrey FarrowSee Remarks2026-06-15A27,881CommonForm 4 ↗
Jeffrey FarrowSee Remarks2026-06-15D14,39661877,436CommonForm 4 ↗
Bobak AzamianDirector2026-06-17D5,41862334,887CommonForm 4 ↗
Bobak AzamianDirector2026-06-17D4,58261280,602CommonForm 4 ↗
David E.I. PyottDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
Wendy YarnoDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
Andrew GoldbergDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-06-252,8213 insiders, 3 accrual rows
David E.I. PyottDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Bhaskar ChaudhuriDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Scott MorrisonDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
William J. LinkDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
William J. LinkDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Katherine GoodrichDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
Katherine GoodrichDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Scott MorrisonDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
Wendy YarnoDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Andrew GoldbergDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Bhaskar ChaudhuriDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 37 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Scott MorrisonDirector2026-06-12D2,954$0$0Derivative, Class A CommonForm 4 ↗
Scott MorrisonDirector2026-06-12A2,954CommonForm 4 ↗
Katherine GoodrichDirector2026-06-12A2,954CommonForm 4 ↗
Wendy YarnoDirector2026-06-12D2,95400Derivative, Class A CommonForm 4 ↗
Bhaskar ChaudhuriDirector2026-06-12D2,95400Derivative, Class A CommonForm 4 ↗
Andrew GoldbergDirector2026-06-12A2,954CommonForm 4 ↗
Bhaskar ChaudhuriDirector2026-06-12A2,954CommonForm 4 ↗
William J. LinkDirector2026-06-12A2,954CommonForm 4 ↗
Andrew GoldbergDirector2026-06-12D2,95400Derivative, Class A CommonForm 4 ↗
Wendy YarnoDirector2026-06-12A2,954CommonForm 4 ↗
Katherine GoodrichDirector2026-06-12D2,95400Derivative, Class A CommonForm 4 ↗
William J. LinkDirector2026-06-12D2,95400Derivative, Class A CommonForm 4 ↗
William J. LinkDirector2026-06-15D1,92863121,348CommonForm 4 ↗
William J. LinkDirector2026-06-15D10,57262655,147CommonForm 4 ↗
Jeffrey FarrowSee Remarks2026-06-15D27,88100Derivative, Class A CommonForm 4 ↗
Katherine GoodrichDirector2026-06-15D2,95462183,384CommonForm 4 ↗
Jeffrey FarrowSee Remarks2026-06-15A27,881CommonForm 4 ↗
Jeffrey FarrowSee Remarks2026-06-15D14,39661877,436CommonForm 4 ↗
Bobak AzamianDirector2026-06-17D5,41862334,887CommonForm 4 ↗
Bobak AzamianDirector2026-06-17D4,58261280,602CommonForm 4 ↗
David E.I. PyottDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
Wendy YarnoDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
Andrew GoldbergDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
Wendy YarnoDirector2026-06-25A1,20900Derivative, Class A CommonForm 4 ↗
David E.I. PyottDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Bhaskar ChaudhuriDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Scott MorrisonDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
William J. LinkDirector2026-06-25A80600Derivative, Class A CommonForm 4 ↗
William J. LinkDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
William J. LinkDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Katherine GoodrichDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
Katherine GoodrichDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Scott MorrisonDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
Wendy YarnoDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Andrew GoldbergDirector2026-06-25A3,83700Derivative, Class A CommonForm 4 ↗
Bhaskar ChaudhuriDirector2026-06-25A2,41700Derivative, Class A CommonForm 4 ↗
David E.I. PyottDirector2026-06-25A80600Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Bobak AzamianRSU2025-03-0559,512$2,648,284
Aziz MottiwalaOPTION2025-03-0533,691984,518
Bobak AzamianOPTION2025-03-0590,7362,651,487
Jeffrey FarrowOPTION2025-03-0530,628895,011
Seshadri NeervannanOPTION2025-03-0530,628895,011
Aziz MottiwalaOTHER2025-03-05983,361
Jeffrey FarrowRSU2025-03-0520,089893,961
Bryan WahlOPTION2025-03-0530,628895,011
Bryan WahlOTHER2025-03-05893,961
Seshadri NeervannanOTHER2025-03-05893,961
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Bobak Azamian$2,648,284$0$2,651,4870.0%
Aziz Mottiwala00984,5180.0%
Jeffrey Farrow893,9610895,0110.0%
Seshadri Neervannan00895,0110.0%
Bryan Wahl00895,0110.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Bryan WahlRSU4,790$392,205
Aziz MottiwalaOption26,71935.5
Bobak AzamianRSU11,300925,244
Bobak AzamianRSU69,3645,679,524
Jeffrey FarrowOption30,62844.54
Jeffrey FarrowRSU24,0601,970,033
Bobak AzamianRSU59,5124,872,843
Bryan WahlRSU7,508614,755
Seshadri NeervannanRSU20,0891,644,887
Seshadri NeervannanRSU7,508614,755
Aziz MottiwalaRSU7,508614,755
Bryan WahlRSU21,5271,762,631
Jeffrey FarrowRSU55,7634,565,874
Bobak AzamianRSU33,9502,779,826
Aziz MottiwalaRSU22,0981,809,384
Bryan WahlRSU20,0891,644,887
Seshadri NeervannanRSU16,2961,334,316
Seshadri NeervannanRSU5,097417,342
Bobak AzamianRSU22,3181,827,398
Bobak AzamianOption31,32715
Jeffrey FarrowRSU7,508614,755
Bobak AzamianOption9,63019.59
Jeffrey FarrowOption54,46614.62
Bobak AzamianOption77,03435.5
Bobak AzamianOption90,73644.54
Seshadri NeervannanOption26,71935.5
Seshadri NeervannanOption15,03715
Bryan WahlOption23,90735.5
Aziz MottiwalaOption33,69144.54
Bryan WahlOption13,37715
Seshadri NeervannanOption30,62844.54
Bryan WahlOption30,62844.54
Aziz MottiwalaOption4,08219.59
Aziz MottiwalaRSU16,2961,334,316
Aziz MottiwalaRSU24,0601,970,033
Bryan WahlOption4,08219.59
Seshadri NeervannanRSU24,0601,970,033
Aziz MottiwalaOption15,03715
Aziz MottiwalaRSU4,790392,205
Jeffrey FarrowOption26,71935.5
Jeffrey FarrowRSU20,0891,644,887
Bryan WahlRSU14,4971,187,014
Seshadri NeervannanOption4,34519.59
05

Incentive-plan design — the Compensation Discussion & Analysis

Our executive compensation program emphasizes long-term value creation that correlates with the growth of sustainable long-term value for our stockholders, as well as motivates, retains, and rewards our NEOs.

CEO STI target (% of salary)70%
CEO LTI target (% of salary)
Independent consultantPay Governance
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-2534,486,767238,01448,86599.31%Passed
20252025-06-1227,132,839416,84516,63598.49%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-2599.31%a
20252025-06-1298.49%b

a. Approved under the standard stated in the filing — “Abstentions are not counted as a vote cast for or against the proposal and therefore have no effect on the outcome of the vote.”.

b. Approved under the standard stated in the filing — “Abstentions are not counted as a vote cast for or against the proposal and therefore have no effect on the outcome of the vote.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)26 : 1
CEO total compensation$6,617,979
Median employee compensation$251,525
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Wendy YarnoIndependent · Lead Independent Director · Compensation (Chair) · Commercial$152,611$120,732$120,996$0$0$394,339
Scott MorrisonIndependent · Audit (Chair)75,000120,732120,99600316,728
Bhaskar ChaudhuriIndependent · Compensation · Science and Technology74,000120,732120,99600315,728
William J. LinkIndependent · Compensation · Science and Technology71,500120,732120,99600313,228
Andrew GoldbergIndependent · Audit · Nominating/Governance68,556120,732120,99600310,284
Katherine GoodrichIndependent · Audit · Nominating/Governance65,000120,732120,99600306,728
Rosemary CraneIndependent · Audit · Commercial · Departed during FY2,889002,889
David E.I. PyottIndependent · Compensation · Newly elected000000
Bobak AzamianEmployee director · Board Chair00000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$241,728
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 10,000
Stock ownership guideline
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$509,556
Equity awards (grant-date value)$724,392
All other compensation$0
Total cost of the board$1,233,948

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Tarsus Pharmaceuticals names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Tarsus Pharmaceuticals.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Ocular Therapeutix, Inc.2025Pravin Dugel$819,200$18,608,000$15,567,000$0$35,946,958
2Harrow, Inc.2025Mark Baum754,91022,294,8730542,49123,606,274
3Rhythm Pharmaceuticals, Inc.2025David Meeker807,6928,274,7857,688,560759,48817,544,525
4SpringWorks Therapeutics, Inc.2024Saqib Islam760,0007,899,7606,689,100798,00016,153,317
5Supernus Pharmaceuticals. Inc.2025Jack Khattar1,036,0006,535,0297,031,545846,93015,501,557
6Kiniksa Pharmaceuticals, Ltd.2025Sanj Patel943,1293,798,0214,743,4461,284,06510,782,661
7Mirum Pharmaceuticals, Inc.2025Christopher Peetz755,0003,683,9044,931,3201,057,00010,441,224
8Mannkind Corp.2025Michael Castagna789,4367,689,4800675,7579,300,485
9Ardelyx, Inc.2025Michael Raab797,0002,953,7243,413,948627,6387,796,171
10Catalyst Pharmaceuticals, Inc.2024Richard Daly750,0001,267,6015,070,83007,774,160
11Arcutis Biotherapeutics, Inc.2025Todd Franklin Watanabe713,3332,067,1903,848,958579,5847,223,065
12Tarsus Pharmaceuticals2025Bobak Azamian726,3332,648,2842,651,487555,7006,617,979
13Day One Biopharmaceuticals, Inc.2024Jeremy Bender680,0002,700,2802,664,697501,8006,560,577
14Evolus, Inc.2025David Moatazedi775,0003,886,5691,296,697429,0006,412,214
15Ironwood Pharmaceuticals, Inc.2025Thomas McCourt867,568411,6960650,6761,948,390
Aurinia Pharmaceuticals, Inc.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Tarsus Pharmaceuticals108%Options 50 · RSU 50NoPay Governance
Arcutis Biotherapeutics, Inc.125%not disclosedNoPay Governance
Ardelyx, Inc.105%Options 50 · RSU 50not disclosedPearl Meyer
Aurinia Pharmaceuticals, Inc.not disclosednot disclosednot disclosednot disclosed
Catalyst Pharmaceuticals, Inc.105%not disclosednot disclosedMercer LLC (a business of Marsh McLennan)
Day One Biopharmaceuticals, Inc.123%Options 50 · RSU 50not disclosedCompensia Inc.
Evolus, Inc.55%not disclosedNoRadford, an Aon Company
Harrow, Inc.100%not disclosedNoMercer, Inc.
Ironwood Pharmaceuticals, Inc.100%PSU 50 · RSU 50Yes — relative total stockholder return (rTSR)Alpine Rewards LLC
Kiniksa Pharmaceuticals, Ltd.181%Options 50 · RSU 25 · PSU 25Yes — relative ranking of the TSR of our Class A Shares relative to the NBICompensia, Inc.
Mannkind Corp.107%PSU 55 · RSU 45Yes — Total Stockholder Return (TSR) relative to Russell 3000 Pharmaceutical & Biotechnology IndexMercer LLC
Mirum Pharmaceuticals, Inc.200%not disclosedNoAlpine Rewards
Ocular Therapeutix, Inc.145%not disclosedNoAon
Rhythm Pharmaceuticals, Inc.120%Options 50 · RSU 50NoPay Governance LLC
SpringWorks Therapeutics, Inc.140%not disclosedYes — Relative Total Shareholder Return (TSR)Aon plc (Human Capital Solutions practice)
Supernus Pharmaceuticals. Inc.not disclosednot disclosedNoAon plc (Human Capital Solutions practice)

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Bobak AzamianDEF 14A2026-04-280001819790-26-000028Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 6,617,979. Filing ↗machine: span 448592–448601
2Section 01, Aziz MottiwalaDEF 14A2026-04-280001819790-26-000028Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 2,789,529. Filing ↗machine: span 483207–483216
3Section 01, Jeffrey FarrowDEF 14A2026-04-280001819790-26-000028Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 2,677,617. Filing ↗machine: span 460302–460311
4Section 01, Seshadri NeervannanDEF 14A2026-04-280001819790-26-000028Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 2,628,172. Filing ↗machine: span 471815–471824
5Section 01, Bryan WahlDEF 14A2026-04-280001819790-26-000028Section “2025 SUMMARY COMPENSATION TABLE”. As printed: 2,560,205. Filing ↗machine: t21 · r17 · c22 · span 491808–491817
6Section 03, Bobak Azamian RSUDEF 14A2026-04-280001819790-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r5 · c28 · span 520278–520287
7Section 03, Aziz Mottiwala OPTIONDEF 14A2026-04-280001819790-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r16 · c27 · span 565064–565071
8Section 03, Bobak Azamian OPTIONDEF 14A2026-04-280001819790-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r4 · c27 · span 516224–516233
9Section 03, Jeffrey Farrow OPTIONDEF 14A2026-04-280001819790-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r8 · c27 · span 532520–532527
10Section 03, Seshadri Neervannan OPTIONDEF 14A2026-04-280001819790-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r12 · c27 · span 548798–548805
11Section 03, Aziz Mottiwala OTHERDEF 14A2026-04-280001819790-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r17 · c28 · span 569116–569123
12Section 03, Jeffrey Farrow RSUDEF 14A2026-04-280001819790-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r9 · c28 · span 536572–536579
13Section 03, Bryan Wahl OPTIONDEF 14A2026-04-280001819790-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r20 · c28 · span 581438–581445
14Section 03, Bryan Wahl OTHERDEF 14A2026-04-280001819790-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r21 · c28 · span 585490–585497
15Section 03, Seshadri Neervannan OTHERDEF 14A2026-04-280001819790-26-000028Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t22 · r13 · c28 · span 552850–552857
16Section 07, pay ratioDEF 14A2026-04-280001819790-26-000028Section “CEO Pay Ratio”. As printed: 26 : 1. Filing ↗machine: span 862197–862199
17Section 08, Wendy YarnoDEF 14A2026-04-280001819790-26-000028Section “Director Compensation”. As printed: 394,339. Filing ↗machine: t10 · r7 · c11 · span 243009–243016
18Section 08, Scott MorrisonDEF 14A2026-04-280001819790-26-000028Section “Director Compensation”. As printed: 316,728. Filing ↗machine: t10 · r6 · c11 · span 241111–241118
19Section 08, Bhaskar ChaudhuriDEF 14A2026-04-280001819790-26-000028Section “Director Compensation”. As printed: 315,728. Filing ↗machine: t10 · r2 · c11 · span 233491–233498
20Section 08, William J. LinkDEF 14A2026-04-280001819790-26-000028Section “Director Compensation”. As printed: 313,228. Filing ↗machine: t10 · r5 · c11 · span 239227–239234
21Section 08, Andrew GoldbergDEF 14A2026-04-280001819790-26-000028Section “Director Compensation”. As printed: 310,284. Filing ↗machine: t10 · r3 · c11 · span 235419–235426
22Section 08, Katherine GoodrichDEF 14A2026-04-280001819790-26-000028Section “Director Compensation”. As printed: 306,728. Filing ↗machine: t10 · r4 · c11 · span 237324–237331
23Section 08, Rosemary CraneDEF 14A2026-04-280001819790-26-000028Section “Director Compensation”. As printed: 2,889. Filing ↗machine: t10 · r8 · c2 · span 243861–243866
24Section 08, David E.I. PyottDEF 14A2026-04-280001819790-26-000028Section “Director Compensation”. As printed: 0. Filing ↗
25Section 08, Bobak AzamianDEF 14A2026-04-280001819790-26-000028Section “Director Compensation”. As printed: 0. Filing ↗
26Section 02, Scott Morrison 2026-06-12Form 42026-06-160001662426-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
27Section 02, Scott Morrison 2026-06-12Form 42026-06-160001662426-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
28Section 02, Katherine Goodrich 2026-06-12Form 42026-06-160002044770-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Wendy Yarno 2026-06-12Form 42026-06-160001181186-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Bhaskar Chaudhuri 2026-06-12Form 42026-06-160001458643-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Andrew Goldberg 2026-06-12Form 42026-06-160001827722-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Bhaskar Chaudhuri 2026-06-12Form 42026-06-160001458643-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, William J. Link 2026-06-12Form 42026-06-160001228684-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Andrew Goldberg 2026-06-12Form 42026-06-160001827722-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Wendy Yarno 2026-06-12Form 42026-06-160001181186-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Katherine Goodrich 2026-06-12Form 42026-06-160002044770-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, William J. Link 2026-06-12Form 42026-06-160001228684-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, William J. Link 2026-06-15Form 42026-06-170001228684-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, William J. Link 2026-06-15Form 42026-06-170001228684-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Jeffrey Farrow 2026-06-15Form 42026-06-170001405253-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Katherine Goodrich 2026-06-15Form 42026-06-170002044770-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Jeffrey Farrow 2026-06-15Form 42026-06-170001405253-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Jeffrey Farrow 2026-06-15Form 42026-06-170001405253-26-000013Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Bobak Azamian 2026-06-17Form 42026-06-220001827672-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Bobak Azamian 2026-06-17Form 42026-06-220001827672-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, David E.I. Pyott 2026-06-25Form 42026-06-290001051578-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Wendy Yarno 2026-06-25Form 42026-06-290001181186-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Andrew Goldberg 2026-06-25Form 42026-06-290001827722-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Wendy Yarno 2026-06-25Form 42026-06-290001181186-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, David E.I. Pyott 2026-06-25Form 42026-06-290001051578-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Bhaskar Chaudhuri 2026-06-25Form 42026-06-290001458643-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Scott Morrison 2026-06-25Form 42026-06-290001662426-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, William J. Link 2026-06-25Form 42026-06-290001228684-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, William J. Link 2026-06-25Form 42026-06-290001228684-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, William J. Link 2026-06-25Form 42026-06-290001228684-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Katherine Goodrich 2026-06-25Form 42026-06-290002044770-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Katherine Goodrich 2026-06-25Form 42026-06-290002044770-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Scott Morrison 2026-06-25Form 42026-06-290001662426-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Wendy Yarno 2026-06-25Form 42026-06-290001181186-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Andrew Goldberg 2026-06-25Form 42026-06-290001827722-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Bhaskar Chaudhuri 2026-06-25Form 42026-06-290001458643-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, David E.I. Pyott 2026-06-25Form 42026-06-290001051578-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
63Section 06, 2026 voteForm 8-K2026-06-290001819790-26-000043Item 5.07 · say-on-pay result. As reported: 99.31% (votes for as printed: 34,486,767). Filing ↗
64Section 06, 2025 voteForm 8-K2025-06-180001819790-25-000100Item 5.07 · say-on-pay result. As reported: 98.49% (votes for as printed: 27,132,839). Filing ↗
65Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
66Section 09b board cost (computed)ComputedcomputedCash 509,556 + equity 724,392 + all other 0 = 1,233,948, summed across the director compensation table rows.machine: formula: Σ = 1,233,948
67Ocular Therapeutix, Inc., Section 10b CEO totalDEF 14A2026-04-300001104659-26-053176CEO total compensation as printed in Ocular Therapeutix, Inc.'s own proxy. As printed: 35,946,958. Filing ↗machine: t128 · r3 · c15 · span 574379–574389
68Harrow, Inc., Section 10b CEO totalDEF 14A2026-04-240001493152-26-018912CEO total compensation as printed in Harrow, Inc.'s own proxy. As printed: 23,606,274. Filing ↗machine: t87 · r1 · c26 · span 386989–386999
69Rhythm Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-290001628280-26-028375CEO total compensation as printed in Rhythm Pharmaceuticals, Inc.'s own proxy. As printed: 17,544,525. Filing ↗machine: r2 · c42 · span 513064–513074
70SpringWorks Therapeutics, Inc., Section 10b CEO totalDEF 14A2025-04-040001104659-25-032187CEO total compensation as printed in SpringWorks Therapeutics, Inc.'s own proxy. As printed: 16,153,317. Filing ↗machine: t23 · r1 · c44 · span 623184–623194
71Supernus Pharmaceuticals. Inc., Section 10b CEO totalDEF 14A2026-04-300001104659-26-053111CEO total compensation as printed in Supernus Pharmaceuticals. Inc.'s own proxy. As printed: 15,501,557. Filing ↗machine: r1 · c41 · span 430594–430604
72Kiniksa Pharmaceuticals, Ltd., Section 10b CEO totalDEF 14A2026-04-160001104659-26-044410CEO total compensation as printed in Kiniksa Pharmaceuticals, Ltd.'s own proxy. As printed: 10,782,661. Filing ↗machine: t182 · r7 · c14 · span 755082–755092
73Mirum Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-230001759425-26-000027CEO total compensation as printed in Mirum Pharmaceuticals, Inc.'s own proxy. As printed: 10,441,224. Filing ↗machine: r2 · c21 · span 580200–580210
74Mannkind Corp., Section 10b CEO totalDEF 14A2026-04-070001193125-26-145613CEO total compensation as printed in Mannkind Corp.'s own proxy. As printed: 9,300,485. Filing ↗machine: t24 · r5 · c27 · span 606612–606621
75Ardelyx, Inc., Section 10b CEO totalDEF 14A2026-04-290001140361-26-017800CEO total compensation as printed in Ardelyx, Inc.'s own proxy. As printed: 7,796,171. Filing ↗machine: r2 · c25 · span 677112–677121
76Catalyst Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2025-04-110001193125-25-079097CEO total compensation as printed in Catalyst Pharmaceuticals, Inc.'s own proxy. As printed: 7,774,160. Filing ↗machine: r3 · c31 · span 285833–285842
77Arcutis Biotherapeutics, Inc., Section 10b CEO totalDEF 14A2026-04-210001787306-26-000028CEO total compensation as printed in Arcutis Biotherapeutics, Inc.'s own proxy. As printed: 7,223,065. Filing ↗machine: r2 · c42 · span 646815–646824
78Tarsus Pharmaceuticals (subject), Section 10b CEO totalDEF 14A2026-04-280001819790-26-000028CEO total compensation as printed in Tarsus Pharmaceuticals's own proxy. As printed: 6,617,979. Filing ↗machine: span 448592–448601
79Day One Biopharmaceuticals, Inc., Section 10b CEO totalDEF 14A2025-04-110001140361-25-013462CEO total compensation as printed in Day One Biopharmaceuticals, Inc.'s own proxy. As printed: 6,560,577. Filing ↗machine: r2 · c21 · span 526324–526333
80Evolus, Inc., Section 10b CEO totalDEF 14A2026-04-290001570562-26-000059CEO total compensation as printed in Evolus, Inc.'s own proxy. As printed: 6,412,214. Filing ↗machine: span 499358–499367
81Ironwood Pharmaceuticals, Inc., Section 10b CEO totalDEF 14A2026-04-280001104659-26-050325CEO total compensation as printed in Ironwood Pharmaceuticals, Inc.'s own proxy. As printed: 1,948,390. Filing ↗machine: t29 · r1 · c48 · span 584182–584191
82Section 10a, Harrow, Inc. reciprocityDEF 14A0001493152-26-018912Harrow, Inc. names Tarsus Pharmaceuticals in its own disclosed peer group (read from its most recent proxy). Filing ↗
83Section 10a, Arcutis Biotherapeutics, Inc. reciprocityDEF 14A0001787306-26-000028Arcutis Biotherapeutics, Inc. names Tarsus Pharmaceuticals in its own disclosed peer group (read from its most recent proxy). Filing ↗
84Section 10a, Rhythm Pharmaceuticals, Inc. reciprocityDEF 14A0001628280-26-028375Rhythm Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Tarsus Pharmaceuticals. Filing ↗
85Section 10a, Ardelyx, Inc. reciprocityDEF 14A0001140361-26-017800Ardelyx, Inc. names Tarsus Pharmaceuticals in its own disclosed peer group (read from its most recent proxy). Filing ↗
86Section 10a, Evolus, Inc. reciprocityDEF 14A0001570562-26-000059Evolus, Inc. names Tarsus Pharmaceuticals in its own disclosed peer group (read from its most recent proxy). Filing ↗
87Section 10a, Ocular Therapeutix, Inc. reciprocityDEF 14A0001104659-26-053176Ocular Therapeutix, Inc. names Tarsus Pharmaceuticals in its own disclosed peer group (read from its most recent proxy). Filing ↗
88Section 10a, Supernus Pharmaceuticals. Inc. reciprocityDEF 14A0001104659-26-053111Supernus Pharmaceuticals. Inc.'s most recent proxy was read; its disclosed peer group does not include Tarsus Pharmaceuticals. Filing ↗
89Section 10a, Mannkind Corp. reciprocityDEF 14A0001193125-26-145613Mannkind Corp.'s most recent proxy was read; its disclosed peer group does not include Tarsus Pharmaceuticals. Filing ↗
90Section 10a, Catalyst Pharmaceuticals, Inc. reciprocityDEF 14A0001193125-25-079097Catalyst Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Tarsus Pharmaceuticals. Filing ↗
91Section 10a, SpringWorks Therapeutics, Inc. reciprocityDEF 14A0001104659-25-032187SpringWorks Therapeutics, Inc.'s most recent proxy was read; its disclosed peer group does not include Tarsus Pharmaceuticals. Filing ↗
92Section 10a, Kiniksa Pharmaceuticals, Ltd. reciprocityDEF 14A0001104659-26-044410Kiniksa Pharmaceuticals, Ltd.'s most recent proxy was read; its disclosed peer group does not include Tarsus Pharmaceuticals. Filing ↗
93Section 10a, Mirum Pharmaceuticals, Inc. reciprocityDEF 14A0001759425-26-000027Mirum Pharmaceuticals, Inc.'s most recent proxy was read; its disclosed peer group does not include Tarsus Pharmaceuticals. Filing ↗