TALPHERA director granted stock, 30,700 options

TALPHERA, INC. director Stephen J. Hoffman received new equity awards as part of his compensation.

Rhea-AI Filing Summary

TALPHERA, INC. director Stephen J. Hoffman received new equity awards as part of his compensation. On June 22, 2026, he was granted 5,100 shares of common stock at no cost, increasing his direct common stock holdings to 13,959 shares after the award.

He also received a stock option for 30,700 shares of common stock with an exercise price of $0.98 per share, expiring on June 21, 2036. Footnotes state that all 5,100 restricted stock units and all 30,700 option shares will vest in full on the first anniversary of the grant date, provided he continues to serve the company.

Insider Trade Summary

Grant/Award: 35,800 shares

Grant/Award 2 txns

Insider HOFFMAN STEPHEN J

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 — 13,959 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

Restricted stock grant: 5,100 shares Shares held after grant: 13,959 shares Stock option size: 30,700 shares +2 more

5 metrics

Restricted stock grant 5,100 shares Common stock awarded on June 22, 2026

Shares held after grant 13,959 shares Total TALPHERA common stock directly held by Hoffman after grant

Stock option size 30,700 shares Option covering common stock granted June 22, 2026

Option exercise price $0.98 per share Exercise price for 30,700-share stock option

Option expiration June 21, 2036 Expiration date of the 30,700-share option

Key Terms

restricted stock unit, Stock Option (Right to Buy), exercise price, continuous service

4 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 and an exercise price of 0.9800."

exercise price financial

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

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.

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 did TALPHERA (TLPH) director Stephen J. Hoffman report in this Form 4?

Stephen J. Hoffman reported receiving equity compensation from TALPHERA. He acquired 5,100 shares of common stock through a grant and a stock option covering 30,700 shares, both awarded on June 22, 2026, as part of his director compensation package.

How many TALPHERA (TLPH) shares does Stephen J. Hoffman hold after the reported grant?

After the June 22, 2026 grant, Stephen J. Hoffman directly holds 13,959 shares of TALPHERA common stock. This total reflects the newly awarded 5,100 shares added to his prior holdings, as disclosed in the Form 4 insider transaction report.

What are the terms of Stephen J. Hoffman’s new TALPHERA stock option?

Hoffman received a stock option for 30,700 TALPHERA common shares at an exercise price of $0.98 per share. According to the filing, the option expires on June 21, 2036 and is scheduled to vest 100% on the one-year anniversary of the grant date.

When do Stephen J. Hoffman’s restricted stock units in TALPHERA vest?

The 5,100 restricted stock units are scheduled to vest 100% on the first anniversary of the June 22, 2026 grant. Vesting is conditioned on Hoffman’s continuous service to TALPHERA, meaning he must remain with the company through that one-year period to receive the underlying shares.

Are Stephen J. Hoffman’s TALPHERA equity awards tied to any service conditions?

Yes. The Form 4 footnotes state that both the 5,100 restricted stock units and the 30,700-share stock option vest fully after one year. Vesting for each award depends on Hoffman’s continuous service to TALPHERA through the first anniversary of the grant date.

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

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Accepted by SEC EDGAR 06/24/2026 - 05:12 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^*

HOFFMAN STEPHEN J

(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	13,959	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)