| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MNKD | Common Stock, $0.01 Par Value | Award | $355K | +77.4K | +8.48% | $4.59 | 990K | May 17, 2024 | Direct | F1 |
| transaction | MNKD | Common Stock, $0.01 Par Value | Tax liability | -$394K | -85.8K | -8.67% | $4.59 | 904K | May 17, 2024 | Direct | F2 |
| transaction | MNKD | Common Stock, $0.01 Par Value | Tax liability | -$31.7K | -6.92K | -0.76% | $4.59 | 897K | May 18, 2024 | Direct | F2 |
| transaction | MNKD | Common Stock, $0.01 Par Value | Sale | -$110K | -23.5K | -2.62% | $4.66 | 874K | May 21, 2024 | Direct | F3 |
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).
| Id | Content |
|---|---|
| F1 | A previously reported restricted stock unit award granted on May 18, 2021 vested on May 17, 2024 upon the achievement of performance objectives established by MannKind's compensation committee at the time of the approval of the award. Specifically, (i) the closing price of MannKind's common stock on May 17, 2024 was not less than the closing price on May 17, 2021 and (ii) MannKind's total shareholder return (TSR) over the period from May 18, 2021 to May 17, 2024 was at the 74.5th percentile of the TSR of the Russell 3000 Pharmaceutical & Biotechnology Index over the same period. As a result, the performance objective was achieved at 198% of target, resulting in a total share delivery of 156,420 shares. The acquisition of 79,000 shares pursuant to the restricted stock award was reported in Table I of the Form 4 filed by the Reporting Person on May 18, 2021. |
| F2 | 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. |
| F3 | Transaction occurred pursuant to Rule 10b5-1 Plan established September 5, 2023. |