Delcath Systems (DCTH) CFO purchases 5,533 common shares at $9.04

Rhea-AI Filing Summary

DELCATH SYSTEMS, INC. Chief Financial Officer Sandra Pennell reported an open-market purchase of common stock. She bought 5,533 shares of Delcath Systems common stock at a price of $9.04 per share. Following this transaction, she directly owned a total of 77,018 common shares, which includes 10,433 shares acquired under the company’s 2021 Employee Stock Purchase Plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a 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). See Instruction 10.

1. Name and Address of Reporting Person^*

Pennell Sandra

(Last) (First) (Middle)

C/O DELCATH SYSTEMS, INC.

566 QUEENSBURY AVENUE

(Street)

QUEENSBURY NY 12804

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DELCATH SYSTEMS, INC. [ DCTH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/06/2026		P		5,533	A	$9.04	77,018(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes an aggregate of 10,433 shares acquired under the Issuer's 2021 Employee Stock Purchase Plan.

	/s/ David Hoffman, Attorney-in-Fact	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Delcath Systems (DCTH) report for Sandra Pennell?

Delcath Systems reported that Chief Financial Officer Sandra Pennell made an open-market purchase of common stock. She bought 5,533 shares at $9.04 per share, increasing her directly owned holdings to 77,018 shares after the transaction.

How many Delcath Systems (DCTH) shares did the CFO buy and at what price?

Chief Financial Officer Sandra Pennell purchased 5,533 shares of Delcath Systems common stock. The shares were acquired in an open-market transaction at a price of $9.04 per share, as disclosed in the Form 4 insider trading report.

What is Sandra Pennell’s total Delcath Systems (DCTH) share ownership after this trade?

After the reported purchase, Sandra Pennell directly owns 77,018 shares of Delcath Systems common stock. This total includes 10,433 shares that were acquired under Delcath’s 2021 Employee Stock Purchase Plan, as noted in the Form 4 footnote.

What type of insider transaction did the Delcath Systems (DCTH) CFO execute?

The transaction reported was an open-market purchase of common stock by the Delcath Systems Chief Financial Officer. The Form 4 identifies the code P, indicating a purchase in an open market or private transaction of 5,533 shares at $9.04 per share.

Does the Delcath Systems (DCTH) Form 4 mention shares from an employee stock purchase plan?

Yes. A footnote explains that Sandra Pennell’s total direct holdings include 10,433 shares acquired under Delcath Systems’ 2021 Employee Stock Purchase Plan. These ESPP shares form part of her 77,018 directly owned common shares after the reported transaction.

Is the Delcath Systems (DCTH) CFO’s ownership in the Form 4 direct or indirect?

The Form 4 shows Sandra Pennell’s ownership as direct, coded D for direct ownership. The 77,018 common shares, including 10,433 acquired under the 2021 Employee Stock Purchase Plan, are reported as directly held rather than through an intermediary entity.