Vanda (NASDAQ: VNDA) CMO disposes 30,800 shares to cover RSU taxes

Rhea-AI Filing Summary

Vanda Pharmaceuticals Inc. senior vice president and chief marketing officer Joakim Wijkstrom executed an open‑market sale of 30,800 shares of common stock on March 2, 2026 at a weighted average price of $8.2659 per share. The shares were sold to satisfy tax obligations arising from the settlement of vested restricted stock units under the company’s RSU agreements, rather than as a discretionary share sale. After these transactions, Wijkstrom directly held 333,469 shares of Vanda common stock. The trades were completed in multiple transactions at prices ranging from $8.085 to $8.81 per share.

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

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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).

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^*

Wijkstrom Joakim

(Last) (First) (Middle)

2200 PENNSYLVANIA AVENUE NW

SUITE 300E

(Street)

WASHINGTON DC 20037

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Vanda Pharmaceuticals Inc. [ VNDA ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Marketing Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		S		30,800(1)	D	$8.2659(2)	333,469	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 of the Issuer's common stock sold to satisfy tax obligations relating to the acquisition of shares of the Issuer's common stock in connection with the settlement of the vested portion of RSUs. Such sale was executed pursuant to the withholding tax provisions of the RSU agreements.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.085 to $8.81 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) to this Form 4.

	/s/ Joakim Wijkstrom	03/04/2026
	** 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).
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FAQ

What did Vanda Pharmaceuticals (VNDA) insider Joakim Wijkstrom do in this Form 4?

Joakim Wijkstrom reported selling 30,800 shares of Vanda Pharmaceuticals common stock. The shares were sold in open‑market transactions on March 2, 2026 at a weighted average price of $8.2659 per share.

Why did Vanda Pharmaceuticals (VNDA) executive Joakim Wijkstrom sell 30,800 shares?

The 30,800 shares were sold to satisfy tax obligations related to vested restricted stock units. The transactions were executed under the withholding tax provisions of Vanda’s RSU agreements, indicating a tax‑driven disposition rather than a discretionary share sale.

What price range did the VNDA insider share sales occur at on March 2, 2026?

The reported weighted average sale price was $8.2659 per share. Individual trades occurred in multiple transactions at prices ranging from $8.085 to $8.81 per share, according to the filing’s detailed footnote disclosure.

How many Vanda Pharmaceuticals (VNDA) shares does Joakim Wijkstrom own after these transactions?

After completing the tax‑related share sales, Joakim Wijkstrom directly holds 333,469 shares of Vanda Pharmaceuticals common stock. This post‑transaction ownership figure reflects his remaining direct equity stake following the 30,800‑share disposition.

What type of transaction was reported in this Vanda Pharmaceuticals (VNDA) Form 4?

The Form 4 reports an open‑market sale of common stock coded as an “S” transaction. The filing specifies that the sale was made to cover tax obligations triggered by the settlement of vested restricted stock units.

Is the Vanda Pharmaceuticals (VNDA) insider transaction related to options or RSUs?

Yes. The sale is linked to restricted stock units (RSUs). Shares were sold to satisfy tax obligations arising from the acquisition of common stock upon settlement of the vested portion of RSUs, as stated in the footnotes.