MannKind (MNKD) CFO has shares withheld for RSU tax obligations
Rhea-AI Filing Summary
MannKind Corp Chief Financial Officer Christopher B. Prentiss reported a routine tax-withholding share disposition. On April 22, 2026, 12,267 shares of common stock at $2.74 per share were withheld to cover taxes on Restricted Stock Units that vested from a grant dated May 15, 2024. After this, he directly held 338,924 shares, including 2,337 shares acquired through the Employee Stock Purchase Plan on December 31, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock, $0.01 Par Value | 12,267 | $2.74 | $34K |
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 15, 2024. Includes 2,337 shares acquired under the Issuer's Employee Stock Purchase Plan on December 31, 2025.
Key Figures
Key Terms
Restricted Stock Units financial
tax withholding obligations financial
Employee Stock Purchase Plan financial
Common Stock, $0.01 Par Value financial
FAQ
What did MannKind (MNKD) CFO Christopher Prentiss report in this Form 4?
He reported a tax-related share disposition, not an open-market trade. On April 22, 2026, 12,267 MannKind common shares were withheld at $2.74 per share to satisfy tax obligations on vesting Restricted Stock Units granted on May 15, 2024.
Was the MannKind (MNKD) CFO’s Form 4 transaction a stock sale on the market?
No, it was a tax-withholding event, not an open-market sale. Shares were automatically withheld by the company to cover tax obligations when Restricted Stock Units vested, which is a common administrative step in equity compensation.
What is mentioned about MannKind (MNKD) Employee Stock Purchase Plan in this Form 4?
The filing notes that the CFO’s holdings include 2,337 shares acquired under MannKind’s Employee Stock Purchase Plan on December 31, 2025. This ESPP participation adds to his direct ownership position beyond the Restricted Stock Unit awards.