Nantahala Capital Management, LLC - 13 Mar 2026 Form 4 Insider Report for TALPHERA, INC. (TLPH)

Role
Other*, 10%+ Owner
Signature
/s/ Taki Vasilakis, Chief Compliance Officer of Nantahala Capital Management, LLC
Issuer symbol
TLPH
Transactions as of
13 Mar 2026
Net transactions value
$0
Form type
4
Filing time
17 Mar 2026, 16:30:38 UTC
Previous filing
19 Dec 2025
SEC
View on sec.gov

Reporting Owners (3)

Name Relationship Address Signature Signature date CIK
Nantahala Capital Management, LLC Other*, 10%+ Owner 130 MAIN ST. 2ND FLOOR, NEW CANAAN /s/ Taki Vasilakis, Chief Compliance Officer of Nantahala Capital Management, LLC 17 Mar 2026 0001472322
Harkey Wilmot B. Other*, 10%+ Owner 130 MAIN ST. 2ND FLOOR, NEW CANAAN /s/ Wilmot B. Harkey 17 Mar 2026 0001775952
Mack Daniel Other*, 10%+ Owner 130 MAIN ST. 2ND FLOOR, NEW CANAAN /s/ Daniel Mack 17 Mar 2026 0001775831

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 TLPH Pre-Funded Warrants Award +4,266,211 +29% $0.5850* 18,822,267 13 Mar 2026 Common Stock 4,266,211 $0.001000 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 discloses the acquisition of pre-paid warrants to purchase shares of Talphera, Inc. common stock ("Common Stock"), which warrants are substantially similar to other warrants beneficially owned by the Reporting Persons; all such warrants are together referred to as the "Warrants." The Warrants are exercisable indefinitely.
F2 NCM, an investment adviser to certain private funds and managed accounts (the "NCM Investors") that hold shares of Common Stock and certain derivative securities related thereto (the "Derivatives"), including Warrants, may be deemed a beneficial owner of such Warrants. Each of Mr. Wilmot B. Harkey and Mr. Daniel Mack may be deemed a beneficial owner of the Warrants beneficially owned by NCM. Each of NCM, Mr. Harkey and Mr. Mack (the "Reporting Persons") disclaims beneficial ownership of the Warrants disclosed herein except to the extent of their respective pecuniary interests therein.

Remarks:

Mr. Abhinav Jain, an NCM Analyst, is a member of the Issuer's board of directors. On the basis of the relationship among Mr. Jain and each of the Reporting Persons, the Reporting Persons may be deemed directors by deputization with respect to the Issuer for purposes of Section 16 of the Securities Exchange Act of 1934.