WAN MARK A 4

What Happened Mark A. Wan, a director of Talphera, Inc. (TLPH), received two awards on June 22, 2026: 5,100 shares granted at $0.00 and 30,700 derivative shares (restricted stock units) granted at $0.00. The filing shows no cash was paid for these awards; total award count is 35,800 units/shares. These are awards (transaction code A), not open-market purchases or sales.

Key Details

• Transaction date: 2026-06-22; Filing date: 2026-06-24 (filed promptly).
• Prices: $0.00 per share/unit (no cash paid).
• Grant breakdown: 5,100 shares (outright grant) and 30,700 RSUs (derivative).
• Vesting: RSUs vest 100% on the first anniversary of the grant date, subject to continuous service (footnote F2). Footnote F1 confirms each RSU equals a contingent right to one common share. Footnote F3 notes a one-year vesting for optioned shares (present in the filing).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant.

Context These awards are compensatory grants to a director and do not represent an open-market purchase or sale. The RSUs are contingent and will convert to actual shares only if the vesting condition (continuous service for one year) is met; until vested they are not freely tradable. Such grants are common for aligning insider incentives with shareholder value and should not be interpreted on their own as a bullish or bearish signal.