Aslam Shakil 4

What Happened

• Aslam Shakil, Chief Medical Officer of Talphera, surrendered 4,518 shares (disposed) on May 20, 2026 to satisfy tax withholding related to vesting RSUs. The shares were valued at $0.82 each, totaling $3,723.
• This was a tax-withholding disposition (routine), not an open-market sale or a buy.

Key Details

• Transaction date: 2026-05-20; price: $0.82 per share; total value: $3,723.
• Transaction code: F — shares surrendered to issuer to pay required tax withholdings on vested RSUs (see footnote F1).
• Shares owned after the transaction: not specified in the filing.
• Filing date: 2026-05-21 (filed within the standard reporting window; not marked late).

Context

• This was a cashless surrender of vested RSU shares to cover tax obligations, a common administrative action that does not necessarily indicate a buy or sell signal about the insider’s view on the company.
• For retail investors, such withholding transactions are typically routine and should be interpreted differently from open-market purchases or discretionary sales.