MannKind CFO logs tax share withholding of 22,247
MANNKIND CORP Chief Financial Officer Christopher B. Prentiss reported two tax-withholding dispositions of common stock on July 15, 2026, totaling 22,247 shares at $4.09 per share.
Rhea-AI Filing Summary
MANNKIND CORP Chief Financial Officer Christopher B. Prentiss reported two tax-withholding dispositions of common stock on July 15, 2026, totaling 22,247 shares at $4.09 per share. The shares were delivered or withheld to satisfy exercise price or tax liabilities upon vesting of previously reported restricted stock units under Rule 16b-3. His reported direct holdings include 1,991 shares acquired through the Employee Stock Purchase Plan on June 30, 2026.
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Insider Trade Summary
Exercise Price or Tax Liability: 22,247 shares
Exercise Price or Tax Liability
2 txns
Insider
Prentiss Christopher B
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock, $0.01 Par Value F1, F2 | 11,572 | $4.09 | $47K |
| Exercise Price or Tax Liability | Common Stock, $0.01 Par Value F1 | 10,675 | $4.09 | $44K |
Holdings After Transaction:
Common Stock, $0.01 Par Value — 318,668 shares (Direct)
Footnotes (2)
- F1. Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3 incident to the vesting of previously reported restricted stock units.
- F2. Includes 1,991 shares acquired under the Issuer's Employee Stock Purchase Plan on June 30, 2026.
Key Figures
Total tax-withholding shares: 22,247 shares
First tax-withholding disposition: 10,675 shares
Second tax-withholding disposition: 11,572 shares
+3 more
6 metrics
Total tax-withholding shares
22,247 shares
Combined shares delivered or withheld on July 15, 2026 to pay exercise price or tax liabilities
First tax-withholding disposition
10,675 shares
Common stock withheld on July 15, 2026 at $4.09 per share; code F, non-derivative
Second tax-withholding disposition
11,572 shares
Common stock withheld on July 15, 2026 at $4.09 per share; code F, non-derivative
Transaction value per share
$4.09 per share
Per-share value used in both July 15, 2026 tax-withholding dispositions of common stock
Direct holdings after second transaction
329,343 shares
Common shares reported as directly owned following the second July 15, 2026 transaction, including ESPP shares
ESPP shares included in holdings
1,991 shares
Shares acquired under the Employee Stock Purchase Plan on June 30, 2026 included in reported direct ownership
Key Terms
tax-withholding disposition, Rule 16b-3, restricted stock units, Employee Stock Purchase Plan
4 terms
tax-withholding disposition financial
"reported two tax-withholding dispositions of common stock on July 15, 2026"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Rule 16b-3 regulatory
"issued in accordance with Rule 16b-3 incident to the vesting"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
restricted stock units financial
"incident to the vesting of previously reported restricted stock units"
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 1,991 shares acquired under the Issuer's Employee Stock Purchase Plan"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did MannKind (MNKD) CFO Christopher B. Prentiss report?
Christopher B. Prentiss reported two tax-withholding dispositions of MannKind common stock on July 15, 2026, totaling 22,247 shares at $4.09 per share. These transactions were recorded as payments of exercise price or tax liabilities tied to vesting restricted stock units.
Were Christopher B. Prentiss’s MannKind (MNKD) transactions open-market sales?
No. Both entries use transaction code F, described as payment of exercise price or tax liability by delivering or withholding securities. A footnote states the dispositions were incident to vesting of previously reported restricted stock units under Rule 16b-3.
Are the MannKind (MNKD) CFO’s July 2026 transactions under a Rule 10b5-1 trading plan?
The filing does not affirm a Rule 10b5-1 plan; its plan checkbox is not marked as adopted. The two July 15, 2026 tax-withholding dispositions are therefore reported without being attributed to any pre-arranged Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
