Palatin Technologies CFO reports tax share withholding

Palatin Technologies Executive VP and CFO/COO Stephen T. Wills reported tax-withholding dispositions totaling 195 shares of common stock on July 15, 2026.

Rhea-AI Filing Summary

Palatin Technologies Executive VP and CFO/COO Stephen T. Wills reported tax-withholding dispositions totaling 195 shares of common stock on July 15, 2026. The company withheld 94, 79 and 22 shares at per-share values of $14.34, $11.72 and $11.77 to satisfy employee withholding taxes on recently vested equity grants. After these transactions, Wills directly owned 63,792 common shares. The filing affirms these transactions under a Rule 10b5-1 trading plan.

Insider Trade Summary 10b5-1

Tax Withholding: 195 shares

Tax Withholding 3 txns

Insider WILLS STEPHEN T

Role Executive VP and CFO/COO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	22	$11.77	$258.94
Tax Withholding	Common Stock F2	79	$11.72	$925.88
Tax Withholding	Common Stock F3	94	$14.34	$1K

Holdings After Transaction: Common Stock — 63,792 shares (Direct)

Footnotes (3)

1. F1. Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended July 15, 2026, with the per share value of $11.77 determined as of June 22, 2026, the date of vesting, for a grant of 79 shares less the 22 shares withheld.
2. F2. Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended July 15, 2026, with the per share value of $11.72 determined as of June 20, 2026, the date of vesting, for a grant of 287 shares less the 79 shares withheld.
3. F3. Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended July 15, 2026, with the per share value of $14.34 determined as of June 4, 2026, the date of vesting, for a grant of 345 shares less the 94 shares withheld.

Key Figures

Shares withheld for taxes (grant vested June 4, 2026): 94 shares at $14.34 per share Shares withheld for taxes (grant vested June 20, 2026): 79 shares at $11.72 per share Shares withheld for taxes (grant vested June 22, 2026): 22 shares at $11.77 per share +2 more

5 metrics

Shares withheld for taxes (grant vested June 4, 2026) 94 shares at $14.34 per share Withheld from a grant of 345 shares less the 94 shares withheld

Shares withheld for taxes (grant vested June 20, 2026) 79 shares at $11.72 per share Withheld from a grant of 287 shares less the 79 shares withheld

Shares withheld for taxes (grant vested June 22, 2026) 22 shares at $11.77 per share Withheld from a grant of 79 shares less the 22 shares withheld

Total shares withheld for employee taxes 195 shares Aggregate tax-withholding dispositions reported on July 15, 2026

Direct holdings after transactions 63,965 shares Common stock directly owned by Stephen T. Wills following reported tax withholding

Key Terms

tax-withholding disposition, withholding taxes, date of vesting, Rule 10b5-1

4 terms

tax-withholding disposition financial

"Reported as a tax-withholding disposition of common stock"

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.

withholding taxes financial

"Shares withheld by the issuer to pay employee withholding taxes"

Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.

date of vesting financial

"Per share value determined as of the date of vesting"

Rule 10b5-1 regulatory

"Transactions were effected under a Rule 10b5-1 trading plan"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did PTN’s Stephen T. Wills report?

Stephen T. Wills reported three tax-withholding dispositions of Palatin Technologies common stock totaling 195 shares on July 15, 2026. These were not open-market sales but shares withheld by the company to cover employee tax obligations tied to vested equity awards.

How many PTN shares were withheld and at what prices?

A total of 195 PTN shares were withheld for taxes: 94 shares at $14.34, 79 shares at $11.72, and 22 shares at $11.77 per share. Each per-share value was determined on the applicable vesting date for the related equity grant.

Why were Stephen T. Wills’s PTN shares withheld?

The shares were withheld to pay employee withholding taxes due on recently vested equity grants. Wills elected, with the issuer’s consent, to satisfy tax obligations by having Palatin Technologies retain shares from grants that vested in June 2026 rather than paying cash.

How many PTN shares does Stephen T. Wills own after these transactions?

Following the reported tax-withholding transactions, Stephen T. Wills directly owns 63,965 shares of Palatin Technologies common stock. This figure reflects his direct holdings after the issuer withheld 195 shares from his vested equity awards to cover associated tax liabilities.

Were Stephen T. Wills’s PTN transactions under a Rule 10b5-1 plan?

Yes. The Form 4 indicates the transactions were effected under a Rule 10b5-1 trading plan. That designation means the tax-withholding share dispositions occurred pursuant to a pre-arranged plan rather than discretionary, opportunistic trading decisions by the executive.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/17/2026 - 04:15 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WILLS STEPHEN T

(Last) (First) (Middle)

PALATIN TECHNOLOGIES, INC.

301 CARNEGIE CENTER DRIVE, SUITE 304

(Street)

PRINCETON NEW JERSEY 08540

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PALATIN TECHNOLOGIES INC [ PTN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive VP and CFO/COO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/15/2026		F		22(1)	D	$11.77(1)	63,965	D
Common Stock	07/15/2026		F		79(2)	D	$11.72(2)	63,886	D
Common Stock	07/15/2026		F		94(3)	D	$14.34(3)	63,792	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended July 15, 2026, with the per share value of $11.77 determined as of June 22, 2026, the date of vesting, for a grant of 79 shares less the 22 shares withheld.

2. Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended July 15, 2026, with the per share value of $11.72 determined as of June 20, 2026, the date of vesting, for a grant of 287 shares less the 79 shares withheld.

3. Shares withheld by the issuer, on election of the Reporting Person with the consent of the issuer, to pay employee withholding taxes. Such taxes were withheld and reported for the payroll in the period ended July 15, 2026, with the per share value of $14.34 determined as of June 4, 2026, the date of vesting, for a grant of 345 shares less the 94 shares withheld.

	/s/ Stephen T. Wills, by Stephen A. Slusher, Attorney-in-Fact	07/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)