Consiglio Ronald J 4

What Happened

• Ronald J. Consiglio, a director of MannKind Corporation (MNKD), made a small open-market purchase and received equity awards on May 20, 2026. He acquired 10,000 shares at $2.95 each for a total cash outlay of $29,500, and was granted a total of 99,337 restricted stock units (RSUs) reported at $0.00 (82,781 + 16,556).
• The 10,000-share purchase was made through the issuer’s Market Price Stock Purchase Plan and approved by the board. The RSUs are awards/derivative grants; some RSUs are noted as vested but shares will not be delivered until separation from board service.

Key Details

• Transaction date: May 20, 2026; Form filed May 22, 2026 (appears timely — within the usual 2 business-day reporting window).
• Purchase: 10,000 shares at $2.95 each = $29,500 (Footnote F1: purchased under the Company’s Market Price Stock Purchase Plan).
• Awards: 82,781 RSUs and 16,556 RSUs granted (total 99,337 RSUs) reported at $0.00 (derivative awards).
• Vesting/delivery: Footnotes indicate each RSU equals a contingent right to one share (F3); some RSUs vested immediately but shares will not be delivered until there is separation from board service (F4, F5).
• Prior filing correction: 423,655 RSUs were inadvertently included in earlier Table I holdings and are noted as corrected in this filing (F2).
• Shares owned after transaction: not specified in this Form 4 (not disclosed).

Context

• The transaction combines a small cash purchase (more directly informative about insider sentiment) with RSU awards granted in lieu of an annual cash retainer for non-employee directors. RSUs are contingent rights to future shares and, per the filing, delivery is deferred until the director leaves board service — so those RSUs are not immediately tradable stock.