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Post by sportsrancho on Mar 1, 2022 19:55:35 GMT -5
I think it’s awesome but these aren’t shares purchased on the open market not that it matters. They look like open market buys. If they’re not what are they? They are the employee shares that they can purchase whenever they want at that price. I remember that price from before, but you know I’ve had a long day so I could be wrong. Doesn’t really make any difference. But also that many people couldn’t buy that exact share price the PPS would go up I mean come on:-) |
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Post by sayhey24 on Mar 1, 2022 20:18:46 GMT -5
They look like open market buys. If they’re not what are they? They are the employee shares that they can purchase whenever they want at that price. I remember that price from before, but you know I’ve had a long day so I could be wrong. Doesn’t really make any difference. But also that many people couldn’t buy that exact share price the PPS would go up I mean come on:-) What are these option executions? That's better for MNKD as the money goes directly to the treasury. It looks like Mike has a nice pile of stock now. When this hits $100 he will have over $150M. Not bad. |
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Post by kc on Mar 1, 2022 20:26:50 GMT -5
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Post by sportsrancho on Mar 1, 2022 20:37:48 GMT -5
They are the employee shares that they can purchase whenever they want at that price. I remember that price from before, but you know I’ve had a long day so I could be wrong. Doesn’t really make any difference. But also that many people couldn’t buy that exact share price the PPS would go up I mean come on:-) What are these option executions? That's better for MNKD as the money goes directly to the treasury. It looks like Mike has a nice pile of stock now. When this hits $100 he will have over $150M. Not bad. yes sayhey I was just told that they are options exercised! Thanks😎 |
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Post by sayhey24 on Mar 1, 2022 20:40:29 GMT -5
Form 4 Form 4 is required to be filed by a company or the individual at the company when there is a change in the holdings of company insiders. Form 4 must be filed with the SEC within two days of the transaction. Form 4 is a two-page document, which covers any buy-and-sell orders, as well as the exercise of company stock options. Options are contracts that give the holder the right, but not the obligation to buy or sell a stock at a certain price, and by a specific date. Options are often awarded to executives and directors of companies as part of the employee incentive plan. Typically, the options can be cashed out or redeemed after a predetermined holding period has expired. |
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Post by sayhey24 on Mar 1, 2022 20:41:40 GMT -5
What are these option executions? That's better for MNKD as the money goes directly to the treasury. It looks like Mike has a nice pile of stock now. When this hits $100 he will have over $150M. Not bad. yes sayhey I was just told that they are options exercised! Thanks😎 I may have to buy some more. I use to have more than Mike but its not even close now! |
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Post by porkini on Mar 1, 2022 20:53:21 GMT -5
yes sayhey I was just told that they are options exercised! Thanks😎 I may have to buy some more. I use to have more than Mike but its not even close now! Yeah, me too. |
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Post by kc on Mar 1, 2022 21:22:18 GMT -5
yes sayhey I was just told that they are options exercised! Thanks😎 I may have to buy some more. I use to have more than Mike but its not even close now! Me too |
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Post by mytakeonit on Mar 1, 2022 22:13:26 GMT -5
Not for me ... I have enough shares for my daughter. When it get's to $100 ... how much clothes can she buy  She'll need to build an attachment to my house just for closet space ! But, that's mytakeonit |
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Post by porkini on Mar 1, 2022 22:30:27 GMT -5
Not for me ... I have enough shares for my daughter. When it get's to $100 ... how much clothes can she buy  She'll need to build an attachment to my house just for closet space ! But, that's mytakeonit Even comedians change their routine once in a while to keep it fresh, just saying.  |
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Post by buyitonsale on Mar 1, 2022 23:18:36 GMT -5
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Post by hellodolly on Mar 2, 2022 7:08:59 GMT -5
1. I went back and looked at the prior MNKD news releases related to the acquisition of shares and noted this:
February 9, 2022
A Form 4/A has been filed with the United States Securities and Exchange Commission.
March 1, 2022
A Form 4 has been filed with the United States Securities and Exchange Commission.
2. I looked at the Explanation of Responses (footnotes) section in the February 9, 2022 Form 4A and it states:
"The reporting person purchased shares through the Company's Employee Stock Purchase Plan on January 31, 2022. The amended number of shares purchased were limited by Section 423(b)(8) of the Code."
I compared that to the Form 4 announcement of March 2, 2022 which was left blank.
As you can see, in the "Explanation of Responses", the latest announcement was blank, indicating that this was not a purchase via the Employee Stock Option Plan.
This left me to dig further so I found more Form 4s and the Explanation of Responses (if any), to determine the difference from "open market buys" and "Employee Stock Options".
February 2, 2022,
1. The reporting person purchased shares through the Company's Employee Stock Purchase Plan effective January 31, 2022.
August 2, 2021,
1. The reporting person purchased shares through the Company's Employee Stock Purchase Plan effective July 31, 2021 representing the maximum allowable under the Plan for this period
May 20,2021,
1.Each restricted stock unit represents a contingent right to receive one share of MNKD common stock.
2. Annual Equity Award: Restricted stock unit shall vest immediately, but the shares shall not be delivered until there is a separation of service, such as through resignation or retirement from the Board or his or her death.
3. Annual Retainer: Award granted in lieu of annual cash retainer payment. Restricted stock unit shall vest immediately, but the shares shall not be delivered until there is a separation of service, such as through resignation or retirement from the Board or his or her death.
There are similarities to each form; All are coded (P), (A) and (D). Purchase, Acquired, Direct, with the exception of when there are footnotes. If there are footnotes in the Explanation of Responses it is coded P1.
Finally, there does not seem to be a blackout period since the FDA announced the delay until May before a decision is made. This left an open window, that is about to be slammed shut very soon, for these buys. Therefore, I'm going to conclude that these are open market buys based on the differences I outlined as well as the blackout period being lifted.
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Post by nxc2 on Mar 2, 2022 7:31:16 GMT -5
I just emailed ir@mannkindcorp.com asking what kind of buys these are. Will post when I receive answer.
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Post by sayhey24 on Mar 2, 2022 9:04:46 GMT -5
I think P means P - Open market or private purchase of non-derivative or derivative security I doubt eveyone bought open market at the same price of $2.71 and I hope they exercised options or warrants so the money goes into the treasury. I don't know if MNKD has issued warrants so I am assuming these were "slightly" out of the money options which is a little interesting. Why exercise when out of the money? |
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Post by kc on Mar 2, 2022 9:43:43 GMT -5
Oh well my MannKind addiction goes on. I could not help myself this morning and purchased some more shares. Not as many as ‘Mike but I do have a nice portfolio of MannKind Shares. Hopefully one day I enjoy the benefits of My eight year addiction to this companies shares
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She'll need to build an attachment to my house just for closet space !
She'll need to build an attachment to my house just for closet space !
