Insider Trading April 3, 2026

Voyager Therapeutics CEO Completes $44,547 Share Sale to Cover RSU Taxes

Alfred Sandrock executed an automated sale of 11,511 shares as clinical programs advance and analysts reiterate buy ratings

By Ajmal Hussain VYGR
Voyager Therapeutics CEO Completes $44,547 Share Sale to Cover RSU Taxes
VYGR

Voyager Therapeutics President and CEO Alfred Sandrock sold 11,511 shares on April 2, 2026, in an automated transaction to meet tax obligations tied to restricted stock unit vesting. The shares fetched between $3.81 and $3.95 each, totaling $44,547. After the sale Sandrock directly holds 472,549 shares. The company's stock trades at $3.96 with a market cap of $236 million. InvestingPro flags the shares as appearing undervalued versus Fair Value, while analysts from H.C. Wainwright and Truist maintain Buy ratings as Voyager progresses several clinical and preclinical programs with key milestones expected through 2026.

Key Points

  • CEO Alfred Sandrock sold 11,511 shares on April 2, 2026, in an automated transaction to cover tax obligations from RSU vesting, netting $44,547.
  • After the sale Sandrock directly owns 472,549 shares; the stock trades at $3.96 with a market capitalization of $236 million.
  • Analysts reaffirmed Buy ratings as Voyager advances multiple CNS-focused programs, with VY7523 enrollment complete and VY1706 moving through GLP tox studies toward an IND filing in Q2 2026 and first-in-human dosing targeted in H2 2026.

Voyager Therapeutics (NASDAQ: VYGR) disclosed that President and CEO Alfred Sandrock sold 11,511 shares of common stock on April 2, 2026. The shares were transacted at prices between $3.81 and $3.95, producing gross proceeds of $44,547. The company’s share price is trading at $3.96 and the market capitalization stands at $236 million.

The sale was carried out automatically to satisfy tax withholding requirements associated with the vesting of restricted stock units, according to a Form 4 filing with the Securities and Exchange Commission. Following the transaction, Sandrock directly owns 472,549 shares of Voyager Therapeutics.

Public filings and third-party analysis provide additional context on the company’s financial position and valuation. InvestingPro’s assessment indicates the stock appears undervalued when measured against its Fair Value calculations. The same analysis highlights a healthy liquidity position reflected in a current ratio of 7.64. Offsetting those positives, Voyager reported a loss of $2.04 per share over the most recent twelve-month period. For subscribers, a Pro Research Report is available for VYGR among more than 1,400 U.S. equities.


Beyond the insider transaction and balance-sheet metrics, Voyager continues to advance its clinical and preclinical pipeline. H.C. Wainwright reiterated a Buy rating on the company and kept a price target of $25.00, describing 2026 as an important year for anticipated milestones. Enrollment in the VY7523 anti-tau multiple ascending dose study is complete, with initial tau PET imaging data expected in the second half of 2026.

Truist Securities also reaffirmed a Buy rating, pointing to forward movement across Voyager’s central nervous system-focused programs. The VY1706 gene therapy candidate is progressing through GLP toxicology studies, and an investigational new drug filing is scheduled for the second quarter of 2026. Voyager has set a goal of first-in-human dosing for VY1706 in the second half of 2026.

These corporate developments - insider tax-related selling, a strong current ratio, an extended trailing loss per share, and reiterated analyst Buy ratings tied to upcoming clinical readouts - together frame the near-term narrative for Voyager. The company’s research activities and forthcoming data milestones are central to how investors and analysts are positioning around the stock as the year unfolds.

Risks

  • Clinical and regulatory timing uncertainty - key milestones (tau PET data, IND filing, and first-in-human dosing) are scheduled through 2026 and subject to potential delays, which could affect investor sentiment; impacts biotech and healthcare sectors.
  • Sustained losses - the company reported a loss of $2.04 per share over the last twelve months, indicating ongoing profitability challenges that could influence capital markets and investor appetite for biotech risk.
  • Market valuation versus fundamentals - while InvestingPro marks the stock as appearing undervalued against Fair Value metrics, differences between valuation models and real-world outcomes create uncertainty for equity investors in small-cap biotech.

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