Thomson David 4
4 · MANNKIND CORP · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
MannKind (MNKD) EVP David Thomson Receives Award (Option Vesting)
What Happened
David Thomson, EVP, General Counsel & Secretary of MannKind (MNKD), reported the acquisition of 57,525 derivative shares on February 26, 2026 via two option-based awards that partially vested. The filing shows two vested tranches: 20,000 shares and 37,525 shares, each reported with an acquisition price of $0.00 (derivative/award). This was not an open-market purchase or sale — it reflects options/awards vesting upon achievement of company performance milestones.
Key Details
- Transaction date: February 26, 2026; Form 4 filed March 2, 2026.
- Reported acquisitions: 20,000 shares @ $0.00 and 37,525 shares @ $0.00 (total 57,525 shares).
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnotes: F1 — option granted May 19, 2016 partially vested upon meeting a defined performance milestone on Feb 26, 2026. F2 — option granted May 25, 2017 partially vested upon meeting a defined performance milestone on Feb 26, 2026.
- Transaction type: Derivative award/vesting (code A on Form 4). No indication of sales or 10b5-1 trading plan in this filing.
Context: These entries reflect milestone-driven partial vesting of previously granted options rather than a cash purchase or sale. Such vesting events are compensation-related and do not, by themselves, indicate a buy or sell signal by the insider.
Insider Transaction Report
- Award
Employee Stock Option (right to buy)
[F1]2026-02-26+20,000→ 20,000 totalExercise: $4.55From: 2026-02-26Exp: 2026-05-19→ Stock Options (20,000 underlying) - Award
Employee Stock Option (right to buy)
[F2]2026-02-26+37,525→ 37,525 totalExercise: $1.42From: 2026-02-26Exp: 2027-05-25→ Stock Options (37,525 underlying)
Footnotes (2)
- [F1]On May 19, 2016, the reporting person was granted an option that vests upon the achievement of certain defined performance milestones. On February 26, 2026, one of the defined performance milestones was met, resulting in the partial vesting of the option.
- [F2]On May 25, 2017, the reporting person was granted an option that vests upon the achievement of certain defined performance milestones. On February 26, 2026, one of the defined performance milestones was met, resulting in the partial vesting of the option.