Steven B. Binder - 07 Aug 2023 Form 4 Insider Report for MANNKIND CORP (MNKD)

Role
Director
Signature
/s/ Steven B. Binder
Issuer symbol
MNKD
Transactions as of
07 Aug 2023
Transactions value $
-$357,281
Form type
4
Filing time
19 Nov 2024, 21:30:04 UTC
Previous filing
26 May 2023
Next filing
28 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNKD Common Stock, $0.01 Par Value Options Exercise $99.3K +67.5K +6.28% $1.47 1.14M 15 Nov 2024 Direct
transaction MNKD Common Stock, $0.01 Par Value Sale -$457K -67.5K -5.91% $6.76 1.08M 15 Nov 2024 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MNKD Employee Stock Option (Right to Buy) Award $0 +45K $0.00 45K 07 Aug 2023 Common Stock, $0.01 Par Value 45K $1.47 Direct F3
transaction MNKD Employee Stock Option (Right to Buy) Options Exercise $0 -22.5K -50% $0.00 22.5K 15 Nov 2024 Common Stock, $0.01 Par Value 22.5K $1.47 Direct
transaction MNKD Employee Stock Option (Right to Buy) Options Exercise $0 -22.5K -50% $0.00 22.5K 15 Nov 2024 Common Stock, $0.01 Par Value 22.5K $1.47 Direct
transaction MNKD Employee Stock Option (Right to Buy) Options Exercise $0 -22.5K -50% $0.00 22.5K 15 Nov 2024 Common Stock, $0.01 Par Value 22.5K $1.47 Direct
transaction MNKD Deferred Restricted Stock Unit Award $0 +17.6K $0.00 17.6K 18 Nov 2024 Common Stock, $0.01 Par Value 17.6K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Transaction occurred pursuant to Rule 10b5-1 Plan established August 16, 2024.
F2 The weighted average sales price of the reported transaction was $6.76 based on a range of prices between $6.63 and $7.05. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.
F3 On August 24, 2017, the reporting person was granted an option that vests upon the achievement of certain defined performance milestones. On August 7, 2023, one of the defined performance milestones was met, resulting in the vesting of the option.
F4 Each restricted stock unit represents a contingent right to receive one share of MNKD common stock.
F5 Restricted stock unit vested on November 18, 2024, but the shares will not be delivered until there is a separation of service from the board of directors of MannKind Corporation.