Steven B. Binder - Aug 27, 2024 Form 4 Insider Report for MANNKIND CORP (MNKD)

Signature
/s/ Steven B. Binder
Stock symbol
MNKD
Transactions as of
Aug 27, 2024
Transactions value $
-$141,818
Form type
4
Date filed
8/29/2024, 09:00 PM
Previous filing
Jul 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNKD Common Stock, $0.01 Par Value Tax liability -$112K -20.8K -1.89% $5.38 1.08M Aug 27, 2024 Direct F1
transaction MNKD Common Stock, $0.01 Par Value Sale -$30K -5.06K -0.47% $5.94 1.08M Aug 29, 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 Represents shares withheld by the Issuer to satisfy income tax obligations associated with the vesting of previously reported restricted stock units.
F2 Transaction occurred pursuant to Rule 10b5-1 Plan established August 18, 2023.