Director Sabrina Kay (NASDAQ: MNKD) awarded 82,781 MannKind RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kay Sabrina reported acquisition or exercise transactions in this Form 4 filing.
MannKind Corporation director Sabrina Kay reported a compensation-related stock award rather than an open-market trade. On May 20, 2026, she received a grant of 82,781 restricted stock units (RSUs), each representing a contingent right to one share of MannKind common stock. The RSU grant is shown with a price of $0.0000 per unit, reflecting that it is an award, not a purchase. The filing also shows she holds 107,033 shares of common stock directly after the reported transactions and 82,781 RSUs outstanding. A footnote explains that 158,567 shares representing deferred restricted stock units had been inadvertently included in prior common-stock holdings and are now correctly reflected as deferred RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kay Sabrina
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 82,781 | $0.00 | -- |
| holding | Common Stock $0.01 Par Value | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 82,781 shares (Direct, null);
Common Stock $0.01 Par Value — 107,033 shares (Direct, null)
Footnotes (1)
- 158,567 shares representing deferred restricted stock units were inadvertently included in Table I holdings on prior filings. Each restricted stock unit represents a contingent right to receive one share of MNKD common stock. Restricted stock unit vested on May 20, 2026, but the shares will not be delivered until there is a separation of service from the board of directors of MannKind Corporation.
Key Figures
RSUs granted: 82,781 units
RSU grant price: $0.0000 per unit
Common shares held: 107,033 shares
+2 more
5 metrics
RSUs granted
82,781 units
Restricted Stock Unit grant on May 20, 2026
RSU grant price
$0.0000 per unit
Equity award, not a purchase transaction
Common shares held
107,033 shares
Direct MannKind common stock after reported transactions
Underlying common shares
82,781 shares
Shares underlying the new restricted stock units
Deferred RSUs previously misclassified
158,567 units
Deferred restricted stock units formerly included in common holdings
Key Terms
Restricted Stock Unit, deferred restricted stock units, contingent right to receive one share, separation of service
4 terms
Restricted Stock Unit financial
"security_title: "Restricted Stock Unit" and footnote F2 describing each unit"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
deferred restricted stock units financial
"158,567 shares representing deferred restricted stock units were inadvertently included"
Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.
separation of service financial
"shares will not be delivered until there is a separation of service from the board of directors"
FAQ
What did MannKind (MNKD) director Sabrina Kay report in this Form 4?
Sabrina Kay reported a grant of 82,781 restricted stock units as compensation, not an open-market trade. The filing also confirms her direct common stock holdings and clarifies the treatment of previously misclassified deferred restricted stock units.
How many restricted stock units did Sabrina Kay receive from MannKind (MNKD)?
She received 82,781 restricted stock units. Each unit represents a contingent right to receive one share of MannKind common stock, reflecting an equity-based award rather than a cash salary payment or open-market share purchase.
What does each restricted stock unit represent for MannKind (MNKD) director Sabrina Kay?
Each restricted stock unit represents a contingent right to receive one share of MannKind common stock. This means the units convert into shares when specific conditions are met, aligning the director’s compensation with the company’s long-term share performance.
What correction did MannKind (MNKD) disclose about prior Sabrina Kay filings?
The filing notes that 158,567 shares representing deferred restricted stock units were inadvertently included in prior common stock holdings. They are now correctly classified as deferred RSUs, improving the accuracy of reported ownership categories.