Palatin (PTN) Director Alan Dunton Receives Award for 2,200 Shares

What Happened

• Alan W. Dunton, a director of Palatin Technologies, was reported on Form 4 as acquiring a derivative security (an option) covering 2,200 shares on August 3, 2026. The transaction is reported at $0.00 cash value on the Form 4 and is recorded under a deposit/withdrawal from a voting trust (code Z), reflecting the option grant rather than an open-market purchase or sale.
• The option was granted under Palatin’s 2011 Stock Incentive Plan (as amended) by the Compensation Committee on August 3, 2026.

Key Details

• Transaction date: August 3, 2026; Filing date: August 5, 2026 (timely within Form 4 filing window).
• Reported consideration: $0.00 (derivative acquisition — option grant).
• Amount: option covering 2,200 shares.
• Vesting: 50% vests on August 3, 2027 and the remaining 50% vests on August 3, 2028 (per footnote).
• Footnote: Grant made by the Compensation Committee on Aug 3, 2026; filing notes there was no impediment to the grant.
• Shares owned after the transaction and the option exercise/strike price are not specified in the filing.

Context

• This filing reports an option grant (a future right to buy shares if exercised) rather than an immediate purchase of common stock. Options vest over time per the schedule above; they must generally be exercised to convert into shares and may carry an exercise price not disclosed in this filing.
• Option grants are a common form of director compensation and do not, by themselves, indicate immediate buying or selling sentiment.