MannKind (MNKD) director Binder sells 39,051 shares in Rule 10b5-1 trade
Rhea-AI Filing Summary
MannKind Corp director Steven B. Binder reported selling 39,051 shares of common stock on 2026-08-07 in an open-market transaction under a pre-established Rule 10b5-1 trading plan. The weighted average sale price was $4.06 per share, and Binder now directly holds 785,867 shares of MannKind common stock.
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Insider Trade Summary 10b5-1
Net Seller: 39,051 shares
Net Sell
1 txn
Insider
Binder Steven B.
Role
Director
Sold
39,051 shs ($159K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, $0.01 Par Value F2, F1 | 39,051 | $4.06 | $159K |
Holdings After Transaction:
Common Stock, $0.01 Par Value — 785,867 shares (Direct)
Footnotes (2)
- F1. Transaction occurred pursuant to Rule 10B5-1 Plan established December 2, 2025.
- F2. The weighted average sales price of the reported transaction was $4.06 based on a range of prices between $3.86 and $4.13. Upon request by the SEC staff, the Issuer, or any security holder of the Issuer, full information regarding the number of shares sold at each separate price will be provided.
Key Figures
Shares sold: 39,051 shares
Weighted average sale price: $4.06 per share
Price range: $3.86 – $4.13 per share
+3 more
6 metrics
Shares sold
39,051 shares
Common stock sale on 2026-08-07
Weighted average sale price
$4.06 per share
Based on prices between $3.86 and $4.13
Price range
$3.86 – $4.13 per share
Range of prices for reported sale
Shares owned after transaction
785,867 shares
Director’s direct holdings following sale
Net shares sold
39,051 shares
Net-sell direction in transaction summary
10b5-1 plan date
December 2, 2025
Date the Rule 10b5-1 Plan was established
Key Terms
Rule 10b5-1 Plan, weighted average sales price, open market or private transaction, net-sell
4 terms
Rule 10b5-1 Plan regulatory
"Transaction occurred pursuant to Rule 10B5-1 Plan established December 2, 2025."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average sales price financial
"The weighted average sales price of the reported transaction was $4.06 based"
open market or private transaction market
"transaction code description Sale in open market or private transaction"
net-sell financial
"transactionSummary shows netBuySellDirection net-sell"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MannKind (MNKD) director Steven B. Binder report?
Steven B. Binder reported a sale of 39,051 MannKind common shares on 2026-08-07. The transaction was executed as an open-market or private sale under a Rule 10b5-1 trading plan.
Was the MNKD insider sale by Steven B. Binder under a Rule 10b5-1 plan?
Yes. The filing states the transaction occurred pursuant to a Rule 10b5-1 Plan established on December 2, 2025. Such plans pre-arrange trading terms, reducing the informational value of the sale’s timing.
Does the MannKind (MNKD) Form 4 show any option exercises or derivative trades?
No. The filing only reports a single non-derivative stock sale of 39,051 shares. The derivativeSummary section is empty, and the transaction summary shows no option exercises or derivative transactions.