Offerings // Phathom Pharmaceuticals, Inc.

PHAT offering history

Every offering-related filing in Phathom Pharmaceuticals, Inc.’s recent SEC record — registrations (announced capacity) kept separate from pricing documents (executed sales). Reviewed 487 filings back to Jul 26, 2019.

Last executed offering
Jan 8, 2026
424B5 — priced deal (shares or notes)
Last registration (announced)
Jan 7, 2026
S-3ASR — capacity, not a sale
Executed, last 12 months
2
424B pricings + 8-K 3.02 sales
Registered, last 12 months
1
S-1/S-3/F-series registrations
DateFilingWhat it means
Jan 8, 2026424B5EXECUTEDShelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Jan 7, 2026S-3ASRREGISTEREDAutomatic shelf registration — effective immediately (large filers)
Jan 7, 2026424B5EXECUTEDShelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Aug 19, 2024FWPMARKETINGFree-writing prospectus — offering being marketed
Aug 19, 2024424B5EXECUTEDShelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Nov 17, 2023EFFECTEFFECTIVESEC declared a registration effective — selling can begin
Nov 9, 2023S-3REGISTEREDS-3 registration — capacity to sell shares, not a sale yet
May 24, 2023424B5EXECUTEDShelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
May 23, 2023424B5EXECUTEDShelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Oct 26, 2021424B5EXECUTEDShelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Sep 20, 20218-KEXECUTEDUnregistered share sale disclosed (8-K item 3.02)
Dec 17, 2020424B5EXECUTEDShelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Dec 15, 2020424B5EXECUTEDShelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)
Nov 17, 2020EFFECTEFFECTIVESEC declared a registration effective — selling can begin
Nov 10, 2020S-3REGISTEREDS-3 registration — capacity to sell shares, not a sale yet
Oct 28, 2019424B4EXECUTEDFinal prospectus — offering priced (typical for IPOs and marketed share deals)
Oct 24, 2019S-1MEFREGISTEREDS-1MEF registration — capacity to sell shares, not a sale yet
Oct 24, 2019EFFECTEFFECTIVESEC declared a registration effective — selling can begin
Oct 15, 2019S-1/AREGISTEREDS-1/A registration — capacity to sell shares, not a sale yet
Sep 30, 2019S-1REGISTEREDS-1 registration — capacity to sell shares, not a sale yet
PHAT offering-related filings from SEC EDGAR, newest first (capped at 40). Each links to the original document.

Two honest limits. (1) A 424B takedown can price shares or notes— EDGAR’s metadata doesn’t say which, so open the document: large investment-grade filers use these mostly for bond deals (no dilution), small-caps mostly for shares. (2) At-the-market (ATM) programs sell shares gradually and individual sales are not separately filed — the visible footprint is the enabling shelf and its 424B5; actual ATM share counts surface later in the 10-Q/10-K share count. Educational information from public filings, not investment advice.

Is a shelf active now? →Do they need money? →Red flags →Full PHAT workspace →
PHAT offering FAQ

When did PHAT last execute an offering?

Per SEC filings, Phathom Pharmaceuticals, Inc.'s most recent priced offering document is a 424B5 filed 2026-01-08. Note a 424B takedown can price shares or notes (debt) — the linked document says which.

When did PHAT last announce or register an offering?

The most recent registration is a S-3ASR filed 2026-01-07. A registration is capacity to sell shares — not a sale.

Does an offering always mean dilution?

Registered direct offerings and shelf takedowns issue new shares and dilute existing holders. Resale registrations (424B3/B7) let existing holders sell and do not create new shares. Secondary sales by insiders also do not dilute. Each row here is labeled with what it is.