Cartesian Therapeutics (RNAC)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	220.87 mm	220.87 mm	220.87 mm	220.87 mm	220.87 mm	220.87 mm
Cash burn (monthly)	(no burn)	(no burn)	5.86 mm	20.05 mm	(no burn)	2.89 mm
Cash used (since last report)	n/a	n/a	16.50 mm	56.49 mm	n/a	8.15 mm
Cash remaining	n/a	n/a	204.37 mm	164.38 mm	n/a	212.72 mm
Runway (months of cash)	n/a	n/a	34.9	8.2	n/a	73.5

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q2 2024

RNAC institutional ownership history Ownership history

16.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	67	67	–
Opened positions	26	52	-50.0%
Closed positions	26	0	NEW
Increased positions	0	1	EXIT
Reduced positions	37	2	+1750.0%

13F shares	Current	Prev Q	Change
Total value	82.08 bn	54.22 bn	+51.4%
Total shares	25.20 mm	180.37 mm	-86.0%
Total puts	0.00	0.00
Total calls	10.20 k	0.00	NEW
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Artal International S.C.A.	10.21 mm	$12.76 mm	0.0%
Mangrove Partners Master Fund	3.33 mm	$10.10 mm	0.0%
Murat Kalayoglu	3.04 mm	$39.84 mm	-92.3%
Timothy A Springer	2.09 mm	$27.48 mm	-96.7%
Biotechnology Value Fund L P	1.72 mm	$0.00	0.0%
Vivo Capital IX	1.37 mm	$4.00 mm	0.0%
FMR	510.78 k	$13.80 bn	-96.4%
BLK BlackRock	407.60 k	$11.01 bn	-94.4%
Michael Singer	383.80 k	$5.04 mm	-96.7%
JPM JPMorgan Chase & Co.	306.33 k	$8.27 bn	-78.5%

Largest transactions	Shares	Bought/sold	Change
Timothy A Springer	2.09 mm	-60.75 mm	-96.7%
Murat Kalayoglu	3.04 mm	-36.31 mm	-92.3%
FMR	510.78 k	-13.86 mm	-96.4%
Michael Singer	383.80 k	-11.13 mm	-96.7%
Artal	304.55 k	-8.83 mm	-96.7%
BLK BlackRock	407.60 k	-6.85 mm	-94.4%
Vanguard	236.66 k	-6.08 mm	-96.3%
Geode Capital Management	132.96 k	-2.37 mm	-94.7%
STT State Street	153.67 k	-1.93 mm	-92.6%
GS The Goldman Sachs Group, Inc.	0.00	-1.18 mm	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

RNAC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
23 Dec 24	Timothy A Springer	Common Stock	Buy	Acquire P	No	No	18.9996	5,181	98.44 k	8,507,895
20 Dec 24	Timothy A Springer	Common Stock	Buy	Acquire P	No	No	18.9435	21,800	412.97 k	8,502,714
19 Dec 24	Timothy A Springer	Common Stock	Buy	Acquire P	No	No	18.928	3,376	63.90 k	8,480,914
19 Dec 24	Timothy A Springer	Common Stock	Buy	Acquire P	No	No	18.3496	10,529	193.20 k	8,477,538
19 Dec 24	Timothy A Springer	Common Stock	Buy	Acquire P	No	No	17.3858	11,303	196.51 k	8,467,009
10 Dec 24	Metin Kurtoglu	Common Stock	Sell	Dispose S	No	No	24.3503	2,901	70.64 k	51,033
10 Dec 24	Metin Kurtoglu	Common Stock	Option exercise	Acquire M	No	No	1.41	2,901	4.09 k	53,934
10 Dec 24	Metin Kurtoglu	Stock Option Common Stock	Option exercise	Dispose M	No	No	1.41	2,901	4.09 k	79,099
9 Dec 24	Metin Kurtoglu	Common Stock	Sell	Dispose S	No	No	25.8333	4,539	117.26 k	51,033
9 Dec 24	Metin Kurtoglu	Common Stock	Sell	Dispose S	No	No	25.2629	6,224	157.24 k	55,572