Steven B. Binder - May 10, 2024 Form 4 Insider Report for MANNKIND CORP (MNKD)

Signature
/s/ Steven B. Binder
Stock symbol
MNKD
Transactions as of
May 10, 2024
Transactions value $
-$50,275
Form type
4
Date filed
5/14/2024, 09:00 PM
Previous filing
Aug 28, 2023
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNKD Common Stock, $.01 Par Value Tax liability -$34.7K -8.03K -0.94% $4.32 850K May 10, 2024 Direct F1
transaction MNKD Common Stock, $.01 Par Value Sale -$15.6K -3.62K -0.43% $4.31 846K May 13, 2024 Direct F2
* 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 Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3 incident to the vesting of previously reported restricted stock units.
F2 Transaction occurred pursuant to Rule 10b5-1 Plan established August 18,2023.