HOFFMAN STEPHEN J 4

What Happened
Stephen J. Hoffman, a director of Talphera, Inc. (TLPH), was granted stock awards on June 22, 2026. The Form 4 reports two awards: 5,100 restricted stock units (RSUs) and a 30,700-share derivative award. Both grants were recorded at $0.00 per share (no cash paid).

Key Details

• Transaction date: 2026-06-22; Form 4 filed 2026-06-24 (timely filing).
• Awards: 5,100 RSUs (F1) and 30,700-share derivative award (reported as “Derivative”) — both acquired as awards (code A).
• Reported price/value: $0.00 per share; total cash paid reported as $0.
• Vesting/conditions: F1/F2 indicate each RSU equals one share and 100% of the RSUs vest on the first anniversary of the grant, subject to continuous service. F3 indicates the derivative award’s shares/options vest 100% on the one-year anniversary, subject to continuous service.
• Shares owned after the transaction: not specified in this Form 4.

Context
These are equity awards granted to a director, not open-market purchases or sales. Awards that vest over time (here, 100% vesting after one year of service) are common for retention and compensation and do not by themselves signal immediate buying or selling intent. The reporting appears timely under Form 4 rules.