David Thompson OWNS 400K NOT 40K in Mannkind Shares
These are planned sales to cover taxes. Even if they sold 10K, big deal, they live in Cali and have bills to pay and know they will get thousands of more shares next year anyway. When one of these employees sells a quarter of a million shares let me know, then it will matter...maybe
PER THE LAST Proxy statement: Mr. Thompson controls 361K shares via granted options. The company has already set aside hundreds of thousands of more shares to be given out under the employee ESOP program. These are all cash less transactions to the employees and even if they sell some, who cares. Mr. Thompson is a lawyer not a stock jockey. Ya know, like the lawyers who got a million plus shares for the lawsuit settled last year tha promptly sold at arond 2 dollars, thereby leaving 10M on the table ytd.