Steven B. Binder - 22 Nov 2024 Form 4 Insider Report for MANNKIND CORP (MNKD)

Role
Director
Signature
/s/ Steven B. Binder
Issuer symbol
MNKD
Transactions as of
22 Nov 2024
Net transactions value
-$366,045
Form type
4
Filing time
25 Nov 2024, 21:30:07 UTC
Previous filing
29 Aug 2024
Next filing
15 May 2025

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 $99,278 +67,536 +6.3% $1.47 1,142,562 22 Nov 2024 Direct
transaction MNKD Common Stock, $0.01 Par Value Sale $465,323 -67,536 -5.9% $6.89 1,075,026 22 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) Options Exercise $0 -22,512 -100% $0.000000 0 22 Nov 2024 Common Stock, $0.01 Par Value 22,512 $1.47 Direct
transaction MNKD Employee Stock Option (Right to Buy) Options Exercise $0 -22,512 -100% $0.000000 0 22 Nov 2024 Common Stock, $0.01 Par Value 22,512 $1.47 Direct
transaction MNKD Employee Stock Option (Right to Buy) Options Exercise $0 -22,512 -100% $0.000000 0 22 Nov 2024 Common Stock, $0.01 Par Value 22,512 $1.47 Direct
* 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 $6.89 based on a range of prices between $6.83 and $6.96. 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.