Form 4: Palatin Technologies CFO Disposes Shares for Tax
Insider Transaction Report
Palatin Technologies' Executive VP and CFO/COO, Stephen T. Wills, reported the disposition of common stock to cover tax obligations related to vested equity grants.
Summary
- Stephen T. Wills, Executive VP and CFO/COO of Palatin Technologies Inc. (PTN), reported transactions on November 14, 2025.
- The transactions involved the disposition of common stock to satisfy employee withholding taxes upon the vesting of equity awards.
- A total of 229 shares were disposed across four separate transactions.
- The shares were disposed at prices of $8.00 per share for 134 shares (33, 22, and 79 shares) and $5.50 per share for 95 shares.
- Following these reported transactions, Stephen T. Wills beneficially owns 32,583 shares of Palatin Technologies common stock.
Sentiment
Score: 5
Explanation: Neutral, as the transaction is a routine tax-related disposition of shares upon vesting of equity awards, not a discretionary sale.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Minimal impact on shareholders as this is a routine tax-related transaction and not a discretionary sale by management.
Key Dates
| Date | Description |
|---|---|
| 06/04/2025 | Vesting date for a grant of 345 shares, leading to 95 shares withheld for taxes. |
| 06/20/2025 | Vesting date for a grant of 121 shares, leading to 33 shares withheld for taxes. |
| 06/22/2025 | Vesting date for a grant of 79 shares, leading to 22 shares withheld for taxes. |
| 06/22/2025 | Vesting date for a grant of 287 shares, leading to 79 shares withheld for taxes. |
| 11/14/2025 | Transaction date for the disposition of common stock to pay employee withholding taxes. |
| 11/18/2025 | Date the Form 4 was signed by the attorney-in-fact. |
Recommendation
holdThe reported transactions are dispositions of common stock by an executive to cover tax obligations upon the vesting of equity awards. This is a routine, non-discretionary event and does not reflect a change in management's confidence or the company's fundamentals, thus warranting a 'hold' recommendation based solely on this filing.
Keywords
Palatin Technologies, PTN, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Stephen T. Wills, CFO, COO
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