Form 4: MannKind Director Sells Over 64,000 Shares Under Pre-Arranged Trading Plan

Steven B. Binder, a Director at MannKind Corp, sold 64,085 shares of common stock on June 10, 2025, under a pre-established Rule 10b5-1 trading plan.

Summary

• Steven B. Binder, a Director of MANNKIND CORP (MNKD), reported a transaction involving the company's common stock.
• On June 10, 2025, Mr. Binder disposed of 64,085 shares of common stock.
• The transaction was executed at a weighted average sales price of $4.00 per share, with prices ranging between $3.91 and $4.12.
• This sale was conducted pursuant to a Rule 10b5-1 trading plan, which was established on August 19, 2024.
• Following this transaction, Mr. Binder beneficially owns 925,258 shares of MannKind Corp common stock.

Sentiment

Score: 5

Explanation: The document is a factual report of an insider stock transaction. The sale was conducted under a pre-arranged Rule 10b5-1 plan, which generally mitigates negative sentiment often associated with insider selling, making the overall sentiment neutral regarding company performance or outlook.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Sale of 64,085 shares of common stock by Director Steven B. Binder to the open market.

Stakeholder Impact

• Shareholders: The sale by a director may be viewed by some as a signal, although the Rule 10b5-1 plan mitigates concerns about opportunistic selling, indicating the transaction was pre-scheduled and not based on immediate non-public information.

Key Dates

Keywords

MannKind Corp, MNKD, Steven B. Binder, Director, Insider Trading, Form 4, Stock Sale, Rule 10b5-1, Common Stock