MannKind (MNKD) Files Form 144 to Sell 47,000 Performance Shares

Rhea-AI Filing Summary

MannKind Corp (MNKD) reported a Form 144 notice indicating an intended sale of 47,000 common shares through Morgan Stanley Smith Barney LLC on 09/16/2025. The shares were acquired as performance shares from the issuer on 05/17/2024 and paid for on that date. The filing lists an aggregate market value of $250,792.00 for the shares and shows 306,828,335 shares outstanding, with no reportable sales by the same person in the past three months. The filer affirms no undisclosed material adverse information and includes the standard Rule 144 and 10b5-1 representations.

Positive

• Timely compliance: The filer provides required Rule 144 disclosure including broker, acquisition details, and planned sale date.
• No recent sales: The filer reports "Nothing to Report" for securities sold in the past three months, indicating no recent disposition activity to aggregate.

Negative

• Insider sale planned: The person intends to sell 47,000 shares on 09/16/2025, which could be perceived negatively by some investors.
• Potential dilution context: The shares were issued as performance shares on 05/17/2024, reflecting executive compensation but increasing securities eligible for sale.

Insights

Securities Analyst

TL;DR: Routine Rule 144 notice for a modest insider sale; immaterial versus total share count.

The Form 144 discloses an intended sale of 47,000 common shares (aggregate value $250,792) through Morgan Stanley Smith Barney on 09/16/2025. Shares were granted as performance shares by the issuer on 05/17/2024. Given the reported 306,828,335 shares outstanding, the position represents about 0.015% of outstanding stock, indicating the transaction is small in absolute and percentage terms and unlikely to materially affect liquidity or valuation. The filing includes the usual attestation of no undisclosed material adverse information.

Corporate Governance Expert

TL;DR: Proper disclosure of an insider sale and attestation under Rule 144; indicates compliance with reporting rules.

The notice follows required disclosures: acquisition source (issuer), acquisition date (05/17/2024), nature (performance shares), broker details, sale date (09/16/2025), and aggregate market value. The filer reports no prior sales in the past three months, and signs the standard attestation regarding material non-public information and Rule 10b5-1 planning language. This filing demonstrates adherence to insider trading disclosure obligations but does not convey company operational information.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	47000	250792.00	306828335	09/16/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/17/2024	Performance Shares	ISSUER			47000	05/17/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does MannKind's (MNKD) Form 144 disclose?

The Form 144 states an intended sale of 47,000 common shares via Morgan Stanley Smith Barney on 09/16/2025, with aggregate market value $250,792.00.

When were the shares being sold acquired?

The shares were acquired as performance shares from the issuer on 05/17/2024 and payment was recorded the same date.

How large is the proposed sale relative to outstanding shares of MNKD?

The filing reports 306,828,335 shares outstanding; 47,000 shares represent approximately 0.015% of that total.

Does the filer report any securities sold in the past three months?

No. The Form 144 indicates Nothing to Report for securities sold during the past three months by the person for whose account the sale is planned.

Who is the broker handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.