Palatin CEO reports tax-related share withholdings

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

Rhea-AI Filing Summary

Palatin Technologies President and CEO Carl Spana reported three F-code transactions in common stock dated July 15, 2026. In total, 294 shares were withheld by the issuer at per-share values of $14.34, $11.72 and $11.77 to satisfy employee withholding taxes on recently vested stock grants.

Insider Trade Summary 10b5-1

Tax Withholding: 294 shares

Tax Withholding 3 txns

Insider SPANA CARL

Role President and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	33	$11.77	$388.41
Tax Withholding	Common Stock F2	119	$11.72	$1K
Tax Withholding	Common Stock F3	142	$14.34	$2K

Holdings After Transaction: Common Stock — 64,899 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 91 shares less the 33 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 330 shares less the 119 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 395 shares less the 142 shares withheld.

Key Figures

Total tax-withheld shares: 294 shares Tax-withheld shares (F3 grant): 142 shares Tax-withheld shares (F2 grant): 119 shares +2 more

5 metrics

Total tax-withheld shares 294 shares Aggregate shares withheld for employee taxes across three F-code transactions on July 15, 2026

Tax-withheld shares (F3 grant) 142 shares Withheld from a grant of 395 shares at a per share value of $14.34

Tax-withheld shares (F2 grant) 119 shares Withheld from a grant of 330 shares at a per share value of $11.72

Tax-withheld shares (F1 grant) 33 shares Withheld from a grant of 91 shares at a per share value of $11.77

Reported direct holdings (example) 64,899 shares Direct common stock held by Carl Spana after one of the July 15, 2026 withholding events

Key Terms

tax-withholding disposition, Payment of exercise price or tax liability by delivering securities, per share value, grant

4 terms

tax-withholding disposition financial

"transaction_action: tax-withholding disposition for 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.

Payment of exercise price or tax liability by delivering securities financial

"transaction code description for Form 4 code F transactions"

per share value financial

"with the per share value of $14.34 determined as of June 4, 2026"

grant financial

"for a grant of 395 shares less the 142 shares withheld"

FAQ

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

What insider stock activity did PTN report for CEO Carl Spana on July 15, 2026?

On July 15, 2026, CEO Carl Spana reported three F-code transactions in Palatin Technologies (PTN) common stock, totaling 294 shares withheld by the issuer to cover employee withholding taxes on stock grants, at per-share values of $14.34, $11.72 and $11.77.

How many PTN shares were withheld for taxes from Carl Spana’s awards?

A total of 294 PTN shares were withheld to pay employee withholding taxes. The amounts were 142 shares, 119 shares and 33 shares, each tied to separate vested stock grants as described in the Form 4 footnotes.

What per-share values were used for Carl Spana’s PTN tax-withholding transactions?

The tax-withholding dispositions used per-share values of $14.34, $11.72 and $11.77. Each value was determined on the respective vesting date of the underlying stock grants and applied to calculate the employee tax withholding obligation.

Which PTN equity awards led to the tax-withholding share dispositions for Carl Spana?

The tax withholdings related to three stock grants: 395 shares with 142 withheld, 330 shares with 119 withheld, and 91 shares with 33 withheld. Each grant vested in June 2026 and triggered share withholding to satisfy payroll tax obligations.

What PTN shareholdings does the Form 4 report for Carl Spana after these events?

The Form 4 reports direct common stock holdings of 65,160 shares, 65,041 shares and 64,899 shares after each respective tax-withholding event. Each figure reflects Spana’s direct ownership immediately following the specific transaction it accompanies.

Were Carl Spana’s PTN transactions related to a trading plan or open-market sales?

The reported PTN transactions are F-code tax-withholding dispositions, not open-market buys or sells. Shares were withheld by the issuer to pay employee withholding taxes due on vested equity awards, as described in the transaction footnotes and code explanation.

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

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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^*

SPANA CARL

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

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		33(1)	D	$11.77(1)	65,160	D
Common Stock	07/15/2026		F		119(2)	D	$11.72(2)	65,041	D
Common Stock	07/15/2026		F		142(3)	D	$14.34(3)	64,899	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 91 shares less the 33 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 330 shares less the 119 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 395 shares less the 142 shares withheld.

	/s/ Carl Spana, 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)