TALPHERA (TLPH) director Broadfoot granted RSUs and 30,700 stock options

Rhea-AI Filing Summary

TALPHERA, INC. director Jill Marie Broadfoot reported equity awards consisting of restricted stock units and stock options. She received 5,100 shares of common stock as a grant at no cost and now holds 13,647 common shares directly. She was also granted options on 30,700 shares at an exercise price of $0.98 per share, expiring in 2036. Both the restricted stock units and the option grant vest in full on the first anniversary of the grant date, contingent on her continuous service with the company.

Insights

Equity compensation analyst

Routine director equity awards with time-based vesting and no share sales.

Director Jill Marie Broadfoot received equity compensation from TALPHERA, INC., including 5,100 restricted stock units and options for 30,700 shares at an exercise price of $0.98. These are standard tools to align director interests with shareholders.

The footnotes state that both awards vest 100% on the one-year anniversary of the grant date, conditioned on continuous service. There are no sales or tax-withholding dispositions reported, and derivativeSummary shows no remaining prior options, so the filing mainly updates her current equity stake.

Because the awards are time-based and involve no open-market activity, the informational signal for investors is limited. Future filings after the one-year vesting date may show whether any options are exercised or shares disposed, but this document itself reflects only routine compensation-related acquisitions.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Broadfoot Jill Marie

Role null

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

Holdings After Transaction: Stock Option (Right to Buy) — 30,700 shares (Direct, null); Common Stock — 13,647 shares (Direct, null)

Footnotes (1)

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

RSU/Common Stock grant: 5,100 shares Stock options granted: 30,700 shares Option exercise price: $0.98 per share +2 more

5 metrics

RSU/Common Stock grant 5,100 shares Non-derivative equity award on 2026-06-22

Stock options granted 30,700 shares Derivative award on 2026-06-22

Option exercise price $0.98 per share Stock Option (Right to Buy) grant

Option expiration 2036-06-21 Stock Option (Right to Buy) term

Shares held after grant 13,647 shares Total common stock directly owned post-transaction

Key Terms

restricted stock unit, Stock Option (Right to Buy, vest, continuous service, +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 shares underlying common stock at $0.98."

vest financial

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

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

continuous service financial

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

expiration date financial

"The option has an expiration date in 2036 as disclosed in the derivative table."

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/24/2026 - 05:11 PM Accepted by SEC EDGAR 06/24/2026 - 05:10 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^*

Broadfoot Jill Marie

(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	13,647	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)

FAQ

What did TALPHERA (TLPH) director Jill Marie Broadfoot receive in this Form 4?

She received equity awards consisting of 5,100 shares of common stock and stock options on 30,700 shares. These awards are compensation-related grants, not open-market purchases or sales, and are tied to her ongoing service as a director of TALPHERA.

Are the TALPHERA (TLPH) equity awards to Jill Marie Broadfoot immediately vested?

No, both awards are time-based. The restricted stock units and all shares underlying the option vest 100% on the first anniversary of the grant date, provided she remains in continuous service with the company through that one-year vesting date.

What is the exercise price and term of Jill Marie Broadfoot’s TALPHERA (TLPH) stock options?

Her stock option grant covers 30,700 shares of TALPHERA common stock at an exercise price of $0.98 per share. According to the filing, the option expires in 2036, giving a long-dated incentive aligned with the company’s longer-term performance.

How many TALPHERA (TLPH) common shares does Jill Marie Broadfoot hold after these grants?

After the reported non-derivative grant, she directly holds 13,647 shares of TALPHERA common stock. This total reflects her position following the new 5,100-share grant and provides context for her overall direct equity stake as disclosed in the Form 4.

Does this TALPHERA (TLPH) Form 4 show any stock sales by Jill Marie Broadfoot?

No, the Form 4 only reports acquisitions via equity grants. The transactions are coded as “A” for grants or awards, with no reported open-market sales, tax-withholding dispositions, gifts, or other sales-related transaction codes in this particular filing.