TALPHERA director receives stock and option grants

TALPHERA, INC. director Abhinav Jain reported equity compensation grants consisting of restricted stock units and stock options.

Rhea-AI Filing Summary

TALPHERA, INC. director Abhinav Jain reported equity compensation grants consisting of restricted stock units and stock options. He received 5,100 shares of common stock as a grant, bringing his direct holdings to 12,412 shares after the transaction. These awards carry no cash purchase price.

On the same date, he was granted stock options for 30,700 shares of common stock at an exercise price of $0.98 per share, expiring on June 21, 2036. Footnotes state that 100% of the restricted stock units and 100% of the option shares vest on the first anniversary of the grant date, subject to his continuous service to the company.

Insider Trade Summary

Grant/Award: 35,800 shares

Grant/Award 2 txns

Insider JAIN ABHINAV

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	30,700	$0.00	$0.00
Grant/Award	Common Stock	5,100	$0.00	$0.00

Holdings After Transaction: Stock Option (Right to Buy) — 30,700 contracts (Direct); Common Stock — 12,412 shares (Direct)

Footnotes (3)

1. F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
2. F2. 100% of the restricted stock units shall vest on the first anniversary of the grant date, subject to Reporting Person's continuous service to the Company.
3. F3. 100% of the shares subject to the option shall vest on the one-year anniversary of the grant date, subject to the Reporting Person's continuous service to the Company.

Key Figures

Stock grant: 5,100 shares Shares held after grant: 12,412 shares Option grant size: 30,700 options +4 more

7 metrics

Stock grant 5,100 shares Common stock granted to director Abhinav Jain

Shares held after grant 12,412 shares Director’s direct common stock holdings post-transaction

Option grant size 30,700 options Stock options for common stock granted to director

Option exercise price $0.98 per share Exercise price of stock options

Option expiration June 21, 2036 Stock option expiration date

RSU vesting schedule 100% after 1 year Restricted stock units vest on first anniversary of grant

Option vesting schedule 100% after 1 year Option shares vest on one-year anniversary of grant

Key Terms

restricted stock unit, Stock Option (Right to Buy), exercise price, vesting, +1 more

5 terms

restricted stock unit financial

"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Stock Option (Right to Buy) financial

"Stock Option (Right to Buy) with 30,700.0000 shares at an exercise price of 0.9800."

exercise price financial

"conversion_or_exercise_price: "0.9800" for the stock option grant."

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vesting financial

"100% of the restricted stock units shall vest on the first anniversary of the grant date."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

continuous service financial

"subject to Reporting Person's continuous service to the Company."

FAQ

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

What insider transactions did TALPHERA (TLPH) director Abhinav Jain report?

Abhinav Jain reported equity compensation grants, not open-market trades. He received 5,100 shares of common stock as a grant and stock options for 30,700 shares, all awarded on June 22, 2026 as part of his service compensation.

How many TALPHERA (TLPH) shares does Abhinav Jain hold after this Form 4?

After the grant, Abhinav Jain directly holds 12,412 shares of TALPHERA common stock. This reflects his updated non-derivative ownership position following the 5,100-share stock grant reported in the Form 4 filing for June 22, 2026.

What are the terms of Abhinav Jain’s TALPHERA (TLPH) stock option grant?

Jain received stock options for 30,700 shares of TALPHERA common stock at an exercise price of $0.98 per share. The options expire on June 21, 2036 and are structured as a single grant under the company’s equity compensation arrangements.

When do Abhinav Jain’s TALPHERA restricted stock units vest?

All restricted stock units vest 100% on the first anniversary of the grant date. Vesting is conditioned on Jain’s continuous service to TALPHERA through that one-year period, according to the footnotes in the Form 4 filing.

When do Abhinav Jain’s TALPHERA stock options vest?

All shares subject to the stock option vest 100% on the one-year anniversary of the grant date. This vesting schedule is contingent on Jain maintaining continuous service to TALPHERA through that anniversary, as disclosed in the Form 4 footnotes.

Do the TALPHERA (TLPH) equity grants to Abhinav Jain involve open-market buying or selling?

No, these are compensation-related grants, not market trades. The Form 4 uses code “A” for grant or award, with a zero purchase price, indicating the shares and options were issued as part of his director compensation package.

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

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Accepted by SEC EDGAR 06/24/2026 - 05:13 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).

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^*

JAIN ABHINAV

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/22/2026

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(1)	06/22/2026		A		5,100(2)	A	$0	12,412	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)	$0.98	06/22/2026		A		30,700		(3)	06/21/2036	Common Stock	30,700	$0	30,700	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

2. 100% of the restricted stock units shall vest on the first anniversary of the grant date, subject to Reporting Person's continuous service to the Company.

3. 100% of the shares subject to the option shall vest on the one-year anniversary of the grant date, subject to the Reporting Person's continuous service to the Company.

	/s/ Martha Adler, Attorney-in-Fact	06/24/2026
	** 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)