Palatin Technologies (PTN) director awarded new RSUs and stock options

Rhea-AI Filing Summary

Palatin Technologies, Inc. reported equity awards to a director in the form of restricted stock units and stock options under its 2011 Stock Incentive Plan. On December 9, 2025, the director received two grants of 1,000 restricted stock units each, at a price of $0 per share, increasing common stock holdings to 14,081 shares held directly after these awards.

The first restricted stock unit grant vests in full on December 9, 2026. The second vests 50% on December 9, 2026 and 50% on December 9, 2027. On the same date, the director was also granted two stock option awards covering 1,200 shares each at an exercise price of $21.38 per share. One option grant vests on December 9, 2026 with proration if board service ends before December 31, 2026, and the other vests 50% on December 9, 2026 and 50% on December 9, 2027.

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

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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^*

DUNTON ALAN W

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/09/2025

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	12/09/2025		A		1,000(1)	A	$0(1)	13,081	D
Common Stock	12/09/2025		A		1,000(2)	A	$0(2)	14,081	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
Stock Option (Right to Buy)	$21.38	12/09/2025		A		1,200		12/09/2026(3)	12/09/2035(3)	Common Stock	1,200	$0	24,799	D
Stock Option (Right to Buy)	$21.38	12/09/2025		A		1,200		12/09/2026(4)	12/09/2026(4)	Common Stock	1,200	$0	25,999	D

Explanation of Responses:

1. Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The restricted share units vest on December 9, 2026. The restricted share units were granted by the Compensation Committee on December 9, 2025, and there were no impediments to the grant of the restricted stock units.

2. Restricted share units granted under the 2011 Stock Incentive Plan, each of which represents the right to receive, without further payment, one share of common stock. The restricted share units vest as to 50% on December 9, 2026 and as to the remaining 50% on December 9, 2027. The restricted share units were granted by the Compensation Committee on December 9, 2025, and there were no impediments to the grant of the restricted stock units.

3. Stock Options granted under the 2011 Stock Incentive Plan, the option vests on December 9,2026, and in the event that the director does not serve until December 31, 2026, is prorated based on the period of service at the rate of 1/12 per month on the last day of each month, starting on January 31, 2026. The options were granted by the Compensation Committee on December 9, 2025, and there were no impediments to the grant of the options.

4. Stock Options granted under the 2011 Stock Incentive Plan, the option vests as to 50% on December 9, 2026 and as to the remaining 50% on December 9, 2027. The options were granted by the Compensation Committee on December 9, 2025, and there were no impediments to the grant of options.

	/s/ Alan W. Dunton, by Stephen A. Slusher, Attorney-in-Fact	12/11/2025
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Palatin Technologies (PTN) disclose in this Form 4?

The filing reports that a director of Palatin Technologies, Inc. received new equity awards on December 9, 2025, including restricted stock units and stock options granted under the company’s 2011 Stock Incentive Plan.

How many Palatin Technologies (PTN) restricted stock units were granted to the director?

The director received two restricted stock unit awards of 1,000 units each, for a total of 2,000 restricted stock units, with each unit representing the right to receive one share of common stock without further payment.

What are the vesting dates for the Palatin Technologies (PTN) restricted stock units?

One 1,000-unit restricted stock award vests in full on December 9, 2026. The other 1,000-unit award vests 50% on December 9, 2026 and the remaining 50% on December 9, 2027.

What stock option grants did the Palatin Technologies (PTN) director receive and at what exercise price?

The director received two stock option grants, each covering 1,200 shares of common stock, at an exercise price of $21.38 per share. These options were granted on December 9, 2025 under the 2011 Stock Incentive Plan.

How do the Palatin Technologies (PTN) director’s stock options vest?

One option grant vests on December 9, 2026, with proration at a rate of 1/12 per month from January 31, 2026 if the director does not serve until December 31, 2026. The second grant vests 50% on December 9, 2026 and 50% on December 9, 2027.

How many Palatin Technologies (PTN) common shares did the director own after these transactions?

Following the reported restricted stock unit grants, the director beneficially owned 14,081 shares of Palatin Technologies common stock directly.