David Thomson - 22 May 2023 Form 4 Insider Report for MANNKIND CORP (MNKD)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
24 May 2023, 21:00:29 UTC
Prior SEC filing
19 May 2023
Next SEC filing
26 May 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ David Thomson

Key filing fact

David Thomson filed Form 4 for MANNKIND CORP (MNKD) on 24 May 2023.

Key facts

  • This page summarizes David Thomson's Form 4 filing for MANNKIND CORP (MNKD).
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 24 May 2023, 21:00.

Change

  • Previous filing in this sequence was filed on 19 May 2023.
  • Current net transaction value: +$120,272.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MNKD transaction

Common Stock, $.01 Par Value

Award

Transaction value
$1,916,000
Shares
+400,000
Change %
+56%
Price
$4.79
Shares after
1,112,253
Date
22 May 2023
Ownership
Direct
Footnotes
F1
MNKD transaction

Common Stock, $.01 Par Value

Tax liability

Transaction value
$1,347,973
Shares
-281,414
Change %
-25%
Price
$4.79
Shares after
830,839
Date
22 May 2023
Ownership
Direct
Footnotes
F2
MNKD transaction

Common Stock, $.01 Par Value

Sale

Transaction value
$447,754
Shares
-95,576
Change %
-12%
Price
$4.68
Shares after
735,263
Date
24 May 2023
Ownership
Direct
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

A previously reported restricted stock unit award granted on August 27, 2020 vested on May 22, 2023 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 22, 2023 was not less than the closing price on August 27, 2020 and (ii) the percentile ranking of MannKind's total shareholder return (TSR) over the period from August 27, 2020 to May 22, 2023 relative to the TSR of the Russell 3000 Pharmaceutical & Biotechnology Index over the same period was greater than the 90th percentile. As a result, the performance objective was achieved at 300% of target, resulting in a total share delivery of 600,000 shares. The acquisition of 200,000 shares pursuant to the restricted stock award was reported in Table I of the Form 4 filed by the Reporting Person on August 31, 2020.

Footnote F2

Shares withheld to satisfy the tax liability incident to the vesting of previously reported restricted stock units.

Footnote F3

Transaction occurred pursuant to Rule 10B5-1 Plan.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .