Talphera (TLPH) CEO Vincent Angotti Surrenders 9,938 Shares for Taxes

What Happened

• Vincent J. Angotti, CEO of Talphera, surrendered 9,938 shares on 2026-04-02 at an effective value of $0.72 per share, totaling approximately $7,178. The shares were disposed solely to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs), not sold on the open market.

Key Details

• Transaction date: 2026-04-02; Filing date: 2026-04-03 (timely file).
• Price per share reported: $0.72; Total value: ~$7,178.
• Transaction code: F — shares surrendered for tax withholding.
• Footnote: F1 — shares were surrendered to the issuer to pay required tax withholdings due to RSU vesting.
• Shares owned after the transaction: not specified in the provided data.

Context

• This was a routine tax-withholding disposition tied to RSU vesting (often called a "share surrender" or cashless withholding), not a market sale that signals liquidity-driven insider selling. Such transactions are common when awards vest and do not necessarily indicate CEO sentiment about the company.