MannKind (MNKD) CEO has 34,957 shares withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MANNKIND CORP Chief Executive Officer Michael Castagna reported a routine share withholding related to taxes on vested equity. On May 11, 34,957 shares of common stock were withheld at $3.52 per share to satisfy tax withholding obligations from Restricted Stock Units originally granted on May 10, 2022.
These shares were not sold in the open market but used to cover taxes due at vesting. After this transaction, Castagna directly holds 2,442,310 shares of MannKind common stock, which includes 1,356 shares acquired under the company’s Employee Stock Purchase Plan on December 31, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Castagna Michael
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.01 Par Value | 34,957 | $3.52 | $123K |
Holdings After Transaction:
Common Stock, $0.01 Par Value — 2,442,310 shares (Direct, null)
Footnotes (1)
- Represents shares withheld to pay tax withholding obligations due on the date of vesting of the Restricted Stock Units originally granted on May 10, 2022. Includes 1,356 shares acquired under the Issuer's Employee Stock Purchase Plan on December 31, 2025.
Key Figures
Shares withheld for taxes: 34,957 shares at $3.52
Shares held after transaction: 2,442,310 shares
ESPP shares included: 1,356 shares
+1 more
4 metrics
Shares withheld for taxes
34,957 shares at $3.52
Tax withholding on RSU vesting on May 11
Shares held after transaction
2,442,310 shares
Direct MannKind common stock holdings following tax withholding
ESPP shares included
1,356 shares
Acquired under Employee Stock Purchase Plan on December 31, 2025
Transaction code
F
Payment of tax liability by delivering securities
Key Terms
Restricted Stock Units, Employee Stock Purchase Plan, tax withholding obligations, Common Stock, $0.01 Par Value
4 terms
Restricted Stock Units financial
"tax withholding obligations due on the date of vesting of the Restricted Stock Units originally granted on May 10, 2022"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Purchase Plan financial
"Includes 1,356 shares acquired under the Issuer's Employee Stock Purchase Plan on December 31, 2025"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax withholding obligations financial
"Represents shares withheld to pay tax withholding obligations due on the date of vesting"
Common Stock, $0.01 Par Value financial
"security_title: Common Stock, $0.01 Par Value"