Shannon James Samuel 4
4 · MANNKIND CORP · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
MannKind (MNKD) Director Shannon Samuel Receives Stock Awards
What Happened Shannon James Samuel, a non‑employee director of MannKind Corporation (MNKD), was granted two awards on May 20, 2026 totaling 82,781 and 16,556 restricted stock units (RSUs) — 99,337 units in all. Both awards are reported at $0.00 per unit (derivative awards); the RSUs represent contingent rights to one share each and the filing shows the units vested on May 20, 2026. The awards were granted in lieu of the director's annual cash retainer.
Key Details
- Transaction date: May 20, 2026; Form 4 filed May 22, 2026 (timely within the two‑business‑day window).
- Grants: 82,781 RSUs and 16,556 RSUs (total 99,337 RSUs) at $0.00 per unit (derivative award).
- Vesting/delivery: RSUs vested immediately but shares will not be delivered until separation of service from the board.
- Footnotes: Prior filings inadvertently included 28,177 shares representing stock options in Table I, which was corrected in this filing.
- Shares owned after the transaction: not fully detailed in this filing (see corrected holdings note).
Context These are director RSU awards (not open‑market purchases or sales) and were granted as compensation (in lieu of cash). RSUs are a deferred form of equity compensation — they create a contingent right to shares but, in this case, delivery is deferred until the director leaves the board. Such awards are routine for non‑employee directors and do not by themselves indicate buying or selling sentiment in the open market.
Insider Transaction Report
- Award
Restricted Stock Unit
[F2][F3]2026-05-20+82,781→ 82,781 total→ Common Stock, $0.01 Par Value (82,781 underlying) - Award
Restricted Stock Unit
[F2][F4]2026-05-20+16,556→ 16,556 total→ Common Stock, $0.01 Par Value (16,556 underlying)
- 36,458
Common Stock $0.01 Par Value
[F1]
Footnotes (4)
- [F1]28,177 shares representing stock options were inadvertently included in Table I holdings on prior filings.
- [F2]Each restricted stock unit represents a contingent right to receive one share of MNKD common stock.
- [F3]Restricted stock unit vested on May 20, 2026, but the shares will not be delivered until there is a separation of service from the board of directors of MannKind Corporation.
- [F4]Award granted in lieu of annual cash retainer payment for non-employee directors. Restricted stock unit shall vest immediately, but the shares shall not be delivered until there is a separation of service from the board of directors of MannKind Corporation.