Carl Spana - 13 Jun 2025 Form 4 Insider Report for PALATIN TECHNOLOGIES INC (PTNT)

Reporting relationship: President and CEO, Director
Issuer ticker: PTNT
Reported as of: 13 Jun 2025
Net transaction value: +$225,000,000
SEC form: 4
Accepted by SEC: 17 Jun 2025, 16:35:31 UTC
Prior SEC filing: 31 Jul 2024
Next SEC filing: 18 Nov 2025
Source filing: View source filing
Reporting owner signature: /s/ Carl Spana

Key filing fact

Carl Spana filed Form 4 for PALATIN TECHNOLOGIES INC (PTNT) on 17 Jun 2025.

Key facts

This page summarizes Carl Spana's Form 4 filing for PALATIN TECHNOLOGIES INC (PTNT).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 17 Jun 2025, 16:35.

Change

Previous filing in this sequence was filed on 31 Jul 2024.
Current net transaction value: +$225,000,000.

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

Reporting Owners (1)

CIK 0001042011 Primary reporting owner

SPANA CARL

Relationship: President and CEO, Director
Address: PALATIN TECHNOLOGIES, INC., 4B CEDAR BROOK DRIVE, CRANBURY
Signature: /s/ Carl Spana
Signature date: 17 Jun 2025

Reported non-derivative transactions

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

PTN transaction

Series D Preferred Stock

Purchase

Transaction value: $225,000,000
Shares: +1,500
Change %: +0.09%
Price: $150000.00^*
Shares after: 1,672,940
Date: 13 Jun 2025
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PTN transaction Derivative

Series I warrants

Purchase

Transaction value: $0
Shares: +2,727,272
Change %: +818%
Price: $0.000000
Shares after: 3,060,655
Date: 13 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,727,272
Exercise price: $0.1100
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Each share of Series D Convertible Preferred Stock has a stated value of $100 per share, and is convertible to common stock at an initial conversion price of $0.11 per share, for a total of 1,363,636 shares of common stock. The Series D Preferred Stock and Series I common stock purchase warrants were sold at a combined offering price of $0.11 per share of common stock obtainable upon conversion of the Series D Convertible Preferred Stock.

Footnote F2

The Series I warrants are exercisable on or after the date that approval is obtained from the Issuer's stockholders as may be required by the NYSE American (or any successor entity) (the "Stockholder Approval Date"), and will expire on the five-year anniversary of the Stockholder Approval Date, subject to the terms and conditions contained in such Series I warrant.