Thomson David 4

What Happened David Thomson, EVP General Counsel & Secretary of MannKind Corp (MNKD), received two restricted stock unit (RSU) awards on March 23, 2026 totaling 438,000 RSUs (221,000 and 217,000). Each award was granted at $0.00 (no cash paid) and reported as derivative awards. These are grants of future stock contingent on vesting conditions rather than open-market purchases or sales.

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (timely).
• Grants: 221,000 RSUs and 217,000 RSUs (total 438,000 RSUs) at $0.00 per unit (derivative awards).
• Shares owned after transaction: not specified in the filing.
• Footnotes of note:
  • F1: Each RSU represents a contingent right to receive one share of MNKD common stock upon vesting.
  • F2: The performance-based RSU vests Jan 15, 2029; payout 0%–300% of target based on MannKind TSR vs. Russell 3000 Pharma & Biotech over Apr 1, 2026–Dec 31, 2028 (interpolated).
  • F3: The time-based RSU vests 25% on March 23, 2027, then 1/16th quarterly thereafter.
• Transaction code: A = Award/Grant.

Context RSU grants are a form of compensation and do not involve an immediate cash purchase or sale of shares. One award is time-based (standard vesting schedule); the other is performance-based with a potential multiplier depending on total shareholder return versus a benchmark index. Because these are awards, they reflect compensation decisions rather than direct insider buying/selling activity.