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  4. [Form 4] PALATIN TECHNOLOGIES INC Insider Trading Activity

Palatin Technologies CEO updates insider holdings after tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Palatin Technologies, Inc. reported an insider ownership update for its President and CEO on a Form 4. On November 14, 2025, the executive had shares of common stock withheld by the company to cover employee payroll tax obligations tied to previously granted stock awards. The reported withholding transactions covered 51, 33, 119, and 142 shares from separate vesting grants, at per-share values determined on their respective vesting dates in June 2025. After these tax-withholding transactions, the executive directly beneficially owned 33,113 shares of Palatin common stock.

Positive

  • None.

Negative

  • None.
Insider SPANA CARL
Role President and CEO
Type Security Shares Price Value
Tax Withholding Common Stock 51 $8.00 $408.00
Tax Withholding Common Stock 33 $8.00 $264.00
Tax Withholding Common Stock 119 $8.00 $952.00
Tax Withholding Common Stock 142 $5.50 $781.00
Holdings After Transaction: Common Stock — 33,407 shares (Direct)
Footnotes (1)
  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 November 14, 2025, with the per share value determined as of June 20, 2025, the date of vesting, for a grant of 141 shares less the 51 shares withheld. 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 November 14, 2025, with the per share value determined as of June 22, 2025, the date of vesting, for a grant of 91 shares less the 33 shares withheld. 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 November 14, 2025, with the per share value determined as of June 22, 2025, the date of vesting, for a grant of 330 shares less the 119 shares withheld. 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 November 14, 2025, with the per share value of determined as of June 4, 2025, the date of vesting, for a grant of 395 shares less the 142 shares withheld.
Form 4 Insider Transactions: What Each Field Means →
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).
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*
SPANA CARL
(Last) (First) (Middle)
PALATIN TECHNOLOGIES, INC.
11 DEER PARK DRIVE, SUITE 204
(Street)
MONMOUTH JUNCTION NJ 08852
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PALATIN TECHNOLOGIES INC [ PTN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
11/14/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 11/14/2025 F 51(1) D $8(1) 33,407 D
Common Stock 11/14/2025 F 33(2) D $8(2) 33,374 D
Common Stock 11/14/2025 F 119(3) D $8(3) 33,255 D
Common Stock 11/14/2025 F 142(4) D $5.5(4) 33,113 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 November 14, 2025, with the per share value determined as of June 20, 2025, the date of vesting, for a grant of 141 shares less the 51 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 November 14, 2025, with the per share value determined as of June 22, 2025, the date of vesting, for a grant of 91 shares less the 33 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 November 14, 2025, with the per share value determined as of June 22, 2025, the date of vesting, for a grant of 330 shares less the 119 shares withheld.
4. 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 November 14, 2025, with the per share value of determined as of June 4, 2025, the date of vesting, for a grant of 395 shares less the 142 shares withheld.
/s/ Carl Spana by Stephen A. Slusher, Attorney-in-Fact 11/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Palatin Technologies (PTNT) disclose in this Form 4?

Palatin Technologies reported that its President and CEO had several small blocks of common stock withheld on November 14, 2025 to cover payroll taxes on vested stock awards, and now directly owns 33,113 shares.

Who is the insider in the Palatin Technologies (PTNT) Form 4 filing?

The insider is the company’s President and CEO, who is also a director, as indicated in the relationship section of the filing.

What type of transactions were reported for Palatin Technologies (PTNT)?

The Form 4 reports share withholding transactions coded “F”, meaning shares of common stock were withheld by Palatin to pay employee withholding taxes on vested equity awards.

How many Palatin Technologies shares were withheld for taxes in this filing?

The filing shows tax withholding of 51, 33, 119, and 142 shares from different stock grants, with each amount tied to a specific vesting grant and valuation date.

How many Palatin Technologies (PTNT) shares does the CEO own after these transactions?

Following the reported tax-withholding transactions, the CEO directly beneficially owns 33,113 shares of Palatin Technologies common stock.

Were any new Palatin Technologies shares bought or sold on the market?

The reported transactions involve shares withheld by the issuer to satisfy tax obligations on vested grants, rather than open-market purchases or sales.