TALPHERA (TLPH) CMO surrenders 4,518 shares to cover RSU tax

Rhea-AI Filing Summary

TALPHERA, INC. Chief Medical Officer Shakil Aslam reported a routine tax-related share disposition. On May 20, 2026, 4,518 shares of common stock were surrendered to the company to cover required tax withholdings tied to the vesting of restricted stock units. After this non-market transaction, Aslam directly holds 76,542 shares of TALPHERA common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Aslam Shakil

Role Chief Medical Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	4,518	$0.824	$4K

Holdings After Transaction: Common Stock — 76,542 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares surrendered for tax: 4,518 shares Reporting price per share: $0.8240 per share Shares held after transaction: 76,542 shares

3 metrics

Shares surrendered for tax 4,518 shares Tax-withholding disposition on May 20, 2026

Reporting price per share $0.8240 per share Value applied to surrendered TALPHERA common stock

Shares held after transaction 76,542 shares Direct TALPHERA common stock holdings after tax withholding

Key Terms

Restricted Stock Units (RSUs), tax withholdings, Common Stock

3 terms

Restricted Stock Units (RSUs) financial

"due to the vesting of RSUs"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

tax withholdings financial

"to pay required tax withholdings due to the vesting of RSUs"

Common Stock financial

"Represents shares surrendered to the Issuer"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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^*

Aslam Shakil

(Last) (First) (Middle)

C/O TALPHERA, INC.

1850 GATEWAY DRIVE, SUITE 175

(Street)

SAN MATEO CALIFORNIA 94404

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TALPHERA, INC. [ TLPH ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Medical Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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	05/20/2026		F		4,518(1)	D	$0.824	76,542	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. Represents shares surrendered to the Issuer by the Reporting Person to pay required tax withholdings due to the vesting of RSUs.

	/s/ Martha Adler, Attorney-in-Fact	05/21/2026
	** 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)

FAQ

What insider transaction did TALPHERA (TLPH) report for Shakil Aslam?

TALPHERA reported that Chief Medical Officer Shakil Aslam surrendered 4,518 shares of common stock. These shares were used to pay required tax withholdings arising from the vesting of restricted stock units, rather than being sold on the open market.

Was the TALPHERA (TLPH) insider transaction an open-market sale?

No, the transaction was not an open-market sale. The 4,518 TALPHERA shares were surrendered back to the issuer to satisfy tax obligations triggered by RSU vesting, a common administrative process rather than a discretionary sale decision.

How many TALPHERA (TLPH) shares does Shakil Aslam hold after the Form 4?

Following the tax-withholding share surrender, Shakil Aslam directly holds 76,542 shares of TALPHERA common stock. This figure reflects his position after 4,518 shares were delivered to the company to cover RSU-related tax liabilities.

What price per share was used in the TALPHERA (TLPH) tax-withholding transaction?

The transaction used a value of $0.8240 per TALPHERA common share. This price is applied for reporting purposes when 4,518 shares were surrendered to cover tax withholdings from the vesting of restricted stock units granted to Shakil Aslam.

What does the F transaction code mean in the TALPHERA (TLPH) Form 4?

The F code indicates shares were disposed of to pay an exercise price or tax liability. In TALPHERA’s filing, 4,518 shares were surrendered by Shakil Aslam specifically to cover required tax withholdings related to the vesting of restricted stock units.