Castagna Michael 4

What Happened

• Michael Castagna, CEO of MannKind Corporation (MNKD), acquired 100,000 common shares in an open-market purchase on March 10, 2026. The weighted average purchase price was $2.59 per share, for a total reported outlay of approximately $259,000. This was a direct purchase (code P).

Key Details

• Transaction date: 2026-03-10
• Reported price: weighted average $2.59 (range $2.58–$2.60 per footnote)
• Shares acquired: 100,000; reported value: ~$259,000
• Shares owned after transaction: Not reported in the provided details
• Footnote: Issuer notes the $2.59 weighted average is based on purchases at prices between $2.58 and $2.60; a full breakdown by price is available upon request (per SEC staff procedures)
• Filing timeliness: No late filing flag provided in the supplied information

Context

• This was a straightforward open-market purchase (purchase code P). Purchases by executives are often watched by investors as a potential positive signal, but the filing does not state Castagna’s motivation.