Singh Sanjay R 4

What Happened

• Sanjay R. Singh, Executive Vice President, Technical Operations at MannKind, received two restricted stock unit (RSU) awards on 2026-03-23 totaling 438,000 RSUs (221,000 and 217,000). Each RSU is a contingent right to one share of MNKD common stock and the awards were granted at a $0.00 purchase price (derivative awards, no cash exchanged).

Key Details

• Transaction date: March 23, 2026; Form 4 filed March 25, 2026 (timely within the usual two-business-day window).
• Award amounts: 221,000 RSUs and 217,000 RSUs (total 438,000 RSUs); grant price reported as $0.00.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each RSU converts to one share if/when vested; F2 — one award is performance-based, vests (if earned) on Jan 15, 2029 with payout 0%–300% of target based on MannKind total shareholder return vs. the Russell 3000 Pharmaceutical & Biotechnology Index for Apr 1, 2026–Dec 31, 2028; F3 — the other award follows time-based vesting (25% vests Mar 23, 2027, then 1/16th quarterly thereafter).
• No tax-withholding or sale-on-vesting details were reported in the excerpt.

Context

• These are grants of RSUs (derivative awards), not open-market purchases or sales. RSUs do not represent immediate ownership of shares until they vest and may be forfeited if vesting conditions are not met. The performance-based RSU can pay out between 0% and 300% of target depending on relative TSR performance; the time-based RSU vests over several quarters beginning March 23, 2027.