0000899460 3 2023-01-01 2023-12-31 0000899460 2023-01-01 2023-12-31 0000899460 mnkd:StockAwardsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000899460 mnkd:ChangeInFairValueOfOutstandingAndUnvestedStockAwardsGrantedInPriorYearsMeasuredAsOfYearEndMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000899460 ecd:PeoMember 2023-01-01 2023-12-31 0000899460 mnkd:ChangeInFairValueOfEquityAwardsGrantedDuringTheYearUnvestedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000899460 ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000899460 2022-01-01 2022-12-31 0000899460 2 2023-01-01 2023-12-31 0000899460 mnkd:ChangeInFairValueOfAwardsGrantedInPriorYearVestedMember ecd:PeoMember 2023-01-01 2023-12-31 0000899460 1 2023-01-01 2023-12-31 0000899460 4 2023-01-01 2023-12-31 0000899460 mnkd:StockOptionsMember 2023-01-01 2023-12-31 0000899460 5 2023-01-01 2023-12-31 0000899460 mnkd:PsusMember 2023-01-01 2023-12-31 0000899460 2020-01-01 2020-12-31 0000899460 mnkd:ChangeInFairValueOfEquityAwardsGrantedDuringTheYearUnvestedMember ecd:PeoMember 2023-01-01 2023-12-31 0000899460 mnkd:StockAwardsMember ecd:PeoMember 2023-01-01 2023-12-31 0000899460 2021-01-01 2021-12-31 0000899460 mnkd:ChangeInFairValueOfAwardsGrantedInPriorYearVestedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0000899460 mnkd:ChangeInFairValueOfOutstandingAndUnvestedStockAwardsGrantedInPriorYearsMeasuredAsOfYearEndMember ecd:PeoMember 2023-01-01 2023-12-31 pure iso4217:USD shares iso4217:USD 0000899460 false DEF 14A MANNKIND CORPORATION Pay Versus Performance The disclosure included in this section is prescribed by SEC rules and does not necessarily align with how the Company or the Compensation Committee view the link between the Company’s performance and named executive officer (“NEO”) pay. For additional information about our pay-for-performance philosophy and how we align executive compensation with Company performance, refer to the Compensation Discussion and Analysis beginning on page 27. Required Tabular Disclosure of Pay Versus Performance The amounts set forth below under the headings “Compensation Actually Paid to PEO” and “Average Compensation Actually Paid for Non-PEO NEOs” have been calculated in a manner consistent with Item 402(v) of Regulation S-K. Use of the term “compensation actually paid” (“CAP”) is required by the SEC’s rules and as a result of the calculation methodology required by the SEC, such amounts differ from compensation actually received by the individuals and the compensation decisions described in the “Compensation Discussion and Analysis” section above. <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:9.74%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:8.26%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:8.26%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:8.26%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:8.26%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:8.26%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:8.26%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:8.26%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:1%;"></td> <td style="width:8.44%;"></td> <td style="width:1%;"></td> </tr> <tr style="height:8pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;text-align:left;"> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">(a)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">(b)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">(c)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">(d)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">(e)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">(f)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">(g)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">(h)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">(i)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> </tr> <tr style="height:8pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td colspan="2" style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td colspan="2" style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td colspan="2" style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td colspan="2" style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td colspan="6" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;text-align:left;">Value of Initial Fixed $100 Investment Based on:(4)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;text-align:left;"> </td> <td style="vertical-align:top;"> </td> <td colspan="2" style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td colspan="2" style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> </tr> <tr style="height:8pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;text-align:left;"> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Year</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Summary Compensation Table Total for PEO ($)(1)(2)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Compensation Actually Paid to PEO ($)(3)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Average Summary Compensation Table Total for Non-PEO NEOs ($)(1)(2)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Average Compensation Actually Paid to Non-PEO NEOs ($)(1)(2)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Total Shareholder Return ($)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">NASDAQ Biotechnology Index Total Shareholder Return ($)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Net Loss (thousands) ($)(5)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Total Revenue (thousands) ($)(6)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:top;text-align:left;">2023</td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">7,068,114</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">96,764</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">2,201,163</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">351,865</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">282.17</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">118.87</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">(11,938</td> <td style="white-space:nowrap;vertical-align:top;">)</td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">198,962</td> <td style="white-space:nowrap;vertical-align:top;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:top;text-align:left;">2022</td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">3,905,058</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">9,653,678</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">1,481,321</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">2,201,087</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">408.53</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">113.65</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">(87,400</td> <td style="white-space:nowrap;vertical-align:top;">)</td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">99,770</td> <td style="white-space:nowrap;vertical-align:top;"> </td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:top;text-align:left;">2021</td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">4,030,833</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">7,317,812</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">1,730,384</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">3,037,694</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">338.76</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">126.45</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">(80,926</td> <td style="white-space:nowrap;vertical-align:top;">)</td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">75,442</td> <td style="white-space:nowrap;vertical-align:top;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;"> <td style="white-space:pre-wrap;vertical-align:top;text-align:left;">2020</td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">3,563,295</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">7,424,884</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">1,613,615</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">3,137,880</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">242.64</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">126.42</td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">(57,240</td> <td style="white-space:nowrap;vertical-align:top;">)</td> <td style="white-space:pre-wrap;vertical-align:top;"> </td> <td style="white-space:nowrap;vertical-align:top;"> </td> <td style="white-space:pre-wrap;vertical-align:top;text-align:center;">65,144</td> <td style="white-space:nowrap;vertical-align:top;"> </td> </tr> </table> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:4%;"></td> <td style="width:96%;"></td> </tr> <tr style="height:8pt;word-break:break-word;white-space:pre-wrap;"> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;">(1)</td> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;text-align:right;">The following individuals are our PEO and other non-PEO NEOs for each fiscal year:</td> </tr> </table> <div style="font-size:10pt;font-family:Times New Roman;"> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:21.676%;"></td> <td style="width:1.8%;"></td> <td style="width:21.676%;"></td> <td style="width:1.8%;"></td> <td style="width:53.049%;"></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;text-align:left;"> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Year</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">PEO</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Non-PEO NEOs</td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;text-align:left;">2023</td> <td style="vertical-align:top;text-align:left;"> </td> <td style="vertical-align:top;">Michael E. Castagna</td> <td style="vertical-align:bottom;text-align:left;"> </td> <td style="vertical-align:top;">Steven B. Binder, Lauren M. Sabella, David B. Thomson, and Stuart A. Tross</td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;text-align:left;">2022</td> <td style="vertical-align:top;text-align:left;"> </td> <td style="vertical-align:top;">Michael E. Castagna</td> <td style="vertical-align:bottom;text-align:left;"> </td> <td style="vertical-align:top;">Steven B. Binder, Alejandro Galindo, Joseph Kocinsky, Sanjay Singh, David B. Thomson, and Stuart A. Tross</td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;text-align:left;">2021</td> <td style="vertical-align:top;text-align:left;"> </td> <td style="vertical-align:top;">Michael E. Castagna</td> <td style="vertical-align:bottom;text-align:left;"> </td> <td style="vertical-align:top;">Steven B. Binder, Joseph Kocinsky, David B. Thomson, and Stuart A. Tross</td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;text-align:left;">2020</td> <td style="vertical-align:top;text-align:left;"> </td> <td style="vertical-align:top;">Michael E. Castagna</td> <td style="vertical-align:bottom;text-align:left;"> </td> <td style="vertical-align:top;">Steven B. Binder, Joseph Kocinsky, David B. Thomson, and Stuart A. Tross</td> </tr> </table> </div> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:4%;"></td> <td style="width:96%;"></td> </tr> <tr style="height:8pt;word-break:break-word;white-space:pre-wrap;"> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;">(2)</td> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;text-align:right;">The dollar amounts reported in column (b) and (d) are the amounts of total compensation reported for Mr. Castagna (our Chief Executive Officer and PEO) and the average total compensation for our non-PEO NEOs for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation—Summary Compensation Table.”</td> </tr> <tr style="height:8pt;word-break:break-word;white-space:pre-wrap;"> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;">(3)</td> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;text-align:right;">The dollar amounts reported in column (c) and (e) represent the amount of CAP to Mr. Castagna and the average amount of CAP to our Non-PEO NEOs, respectively, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to our NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the reported total compensation for each year to determine the CAP for the year ended December 31, 2023:</td> </tr> </table> <div style="font-size:9pt;font-family:Times New Roman;"> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:18.049%;"></td> <td style="width:2.439%;"></td> <td style="width:18.049%;"></td> <td style="width:2.439%;"></td> <td style="width:18.049%;"></td> <td style="width:1.919%;"></td> <td style="width:1%;"></td> <td style="width:16.568%;"></td> <td style="width:1%;"></td> <td style="width:1.919%;"></td> <td style="width:1%;"></td> <td style="width:16.568%;"></td> <td style="width:1%;"></td> </tr> <tr style="height:8pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;text-align:left;"> <td style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">PEO ($)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Average Non-PEO NEOs ($)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">Summary Compensation Table Total</td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:left;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">7,068,114</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">2,201,163</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">Deduct: Grant Date Fair Value of "Stock Awards” Column in the Summary Compensation Table for Applicable FY</td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">5,536,550</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">1,447,497</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">Add: Fair Value at Applicable FY End of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End (7)</td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">3,994,631</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">1,058,886</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">Add: Year over Year Change in Fair Value of Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End (7)</td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">(4,968,406</td> <td style="white-space:nowrap;vertical-align:bottom;">)</td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">(1,318,753</td> <td style="white-space:nowrap;vertical-align:bottom;">)</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">Add: Vesting Date Fair Value of Awards Granted during Prior FY that Vested During Applicable FY</td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:left;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">(461,025</td> <td style="white-space:nowrap;vertical-align:bottom;">)</td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:left;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">(141,934</td> <td style="white-space:nowrap;vertical-align:bottom;">)</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td colspan="5" style="vertical-align:bottom;">Deduct: Fair Value at Prior Year End of Awards Granted during Prior FY that were Forfeited during Applicable FY</td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;text-align:center;">—</td> <td style="vertical-align:bottom;text-align:center;"> </td> <td style="vertical-align:bottom;text-align:center;"> </td> <td colspan="2" style="vertical-align:bottom;text-align:center;">—</td> <td style="vertical-align:bottom;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td colspan="5" style="vertical-align:bottom;">Add: Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date</td> <td style="vertical-align:bottom;text-align:left;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;text-align:center;">—</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;text-align:center;"> </td> <td style="vertical-align:bottom;text-align:center;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;text-align:center;">—</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">CAP</td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #000000;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;border-bottom:2.25pt double #000000;text-align:center;">96,764</td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #ffffff03;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"> </td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #000000;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;border-bottom:2.25pt double #000000;text-align:center;">351,865</td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #ffffff03;"> </td> </tr> </table></div> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:4%;"></td> <td style="width:96%;"></td> </tr> <tr style="height:8pt;word-break:break-word;white-space:pre-wrap;"> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;">(4)</td> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;text-align:right;">The amounts reflect the cumulative total shareholder return of our common stock (column (f)) and the NASDAQ Biotechnology Index (column (g)) at the end of each fiscal year. In each case, assume an initial investment of $100 on December 31, 2019, and reinvestment of dividends, if any. </td> </tr> <tr style="height:8pt;word-break:break-word;white-space:pre-wrap;"> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;">(5)</td> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;text-align:right;">The dollar amounts reported in column (h) represent the net loss as reported in the Company’s audited financial statements for the applicable year.</td> </tr> <tr style="height:8pt;word-break:break-word;white-space:pre-wrap;"> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;">(6)</td> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;text-align:right;">As required by Item 402(v) of Regulation S-K, we have determined that Total Revenue is the Company-Selected Measure.</td> </tr> <tr style="height:8pt;word-break:break-word;white-space:pre-wrap;"> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;">(7)</td> <td style="padding-top:0.01in;vertical-align:top;padding-right:0.01in;text-align:right;">The fair values of PSUs and stock options vested during the fiscal year or outstanding as of fiscal year end were estimated using the Monte Carlo simulation model and Black-Scholes option valuation model, respectively. The following valuation assumptions used to calculate the fair values of these awards differed materially from the assumptions used to value the awards on their respective grant dates: </td> </tr> </table> <div style="font-size:11pt;font-family:Times New Roman;"> <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:43.111%;"></td> <td style="width:26.955%;"></td> <td style="width:2.979%;"></td> <td style="width:26.955%;"></td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;text-align:left;"> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Assumptions</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">PSUs</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Stock Options</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Term (years)</td> <td style="vertical-align:top;text-align:center;">0.38 — 2.50</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">2.00 — 6.00</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Correlation Coefficient — MannKind</td> <td style="vertical-align:top;text-align:center;">0.40 — 0.44</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Correlation Coefficient — Peer Average</td> <td style="vertical-align:top;text-align:center;">0.31 — 0.32</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Correlation Coefficient — Peer Median</td> <td style="vertical-align:top;text-align:center;">0.32</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Beginning Average Stock Price</td> <td style="vertical-align:top;text-align:center;">$2.95—$4.26</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Valuation Date Stock Price</td> <td style="vertical-align:top;text-align:center;">$3.64</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">$3.64 — $4.83</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Initial TSR</td> <td style="vertical-align:top;text-align:center;">(14.55%) — 23.39%</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Risk-Free Rate</td> <td style="vertical-align:top;text-align:center;">4.08% — 5.30%</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Volatility — MannKind</td> <td style="vertical-align:top;text-align:center;">53.85% — 61.06%</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">69.95% — 77.70%</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Volatility — Peer Average</td> <td style="vertical-align:top;text-align:center;">70.47% — 78.56%</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Volatility — Peer Median</td> <td style="vertical-align:top;text-align:center;">65.35% — 78.38%</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Exercise Price</td> <td style="vertical-align:top;text-align:center;">—</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">$1.32 — $4.55</td> </tr> </table> </div> Total Revenue 7068114 96764 2201163 351865 282.17 118.87

-11938000

198962000 3905058 9653678 1481321 2201087 408.53 113.65

-87400000

99770000 4030833 7317812 1730384 3037694 338.76 126.45

-80926000

75442000 3563295 7424884 1613615 3137880 242.64 126.42

-57240000

65144000 <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:21.676%;"></td> <td style="width:1.8%;"></td> <td style="width:21.676%;"></td> <td style="width:1.8%;"></td> <td style="width:53.049%;"></td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;text-align:left;"> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Year</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">PEO</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Non-PEO NEOs</td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;text-align:left;">2023</td> <td style="vertical-align:top;text-align:left;"> </td> <td style="vertical-align:top;">Michael E. Castagna</td> <td style="vertical-align:bottom;text-align:left;"> </td> <td style="vertical-align:top;">Steven B. Binder, Lauren M. Sabella, David B. Thomson, and Stuart A. Tross</td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;text-align:left;">2022</td> <td style="vertical-align:top;text-align:left;"> </td> <td style="vertical-align:top;">Michael E. Castagna</td> <td style="vertical-align:bottom;text-align:left;"> </td> <td style="vertical-align:top;">Steven B. Binder, Alejandro Galindo, Joseph Kocinsky, Sanjay Singh, David B. Thomson, and Stuart A. Tross</td> </tr> <tr style="height:10pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;text-align:left;">2021</td> <td style="vertical-align:top;text-align:left;"> </td> <td style="vertical-align:top;">Michael E. Castagna</td> <td style="vertical-align:bottom;text-align:left;"> </td> <td style="vertical-align:top;">Steven B. Binder, Joseph Kocinsky, David B. Thomson, and Stuart A. Tross</td> </tr> <tr style="height:10pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;text-align:left;">2020</td> <td style="vertical-align:top;text-align:left;"> </td> <td style="vertical-align:top;">Michael E. Castagna</td> <td style="vertical-align:bottom;text-align:left;"> </td> <td style="vertical-align:top;">Steven B. Binder, Joseph Kocinsky, David B. Thomson, and Stuart A. Tross</td> </tr> </table> Michael E. Castagna Michael E. Castagna Michael E. Castagna Michael E. Castagna <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:18.049%;"></td> <td style="width:2.439%;"></td> <td style="width:18.049%;"></td> <td style="width:2.439%;"></td> <td style="width:18.049%;"></td> <td style="width:1.919%;"></td> <td style="width:1%;"></td> <td style="width:16.568%;"></td> <td style="width:1%;"></td> <td style="width:1.919%;"></td> <td style="width:1%;"></td> <td style="width:16.568%;"></td> <td style="width:1%;"></td> </tr> <tr style="height:8pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;text-align:left;"> <td style="vertical-align:top;"> </td> <td style="vertical-align:top;"> </td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">PEO ($)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Average Non-PEO NEOs ($)</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">Summary Compensation Table Total</td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:left;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">7,068,114</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">2,201,163</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">Deduct: Grant Date Fair Value of "Stock Awards” Column in the Summary Compensation Table for Applicable FY</td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">5,536,550</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">1,447,497</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">Add: Fair Value at Applicable FY End of Awards Granted during Applicable FY that Remain Unvested as of Applicable FY End (7)</td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">3,994,631</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">1,058,886</td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">Add: Year over Year Change in Fair Value of Awards Granted during Prior FY that were Outstanding and Unvested as of Applicable FY End (7)</td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">(4,968,406</td> <td style="white-space:nowrap;vertical-align:bottom;">)</td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">(1,318,753</td> <td style="white-space:nowrap;vertical-align:bottom;">)</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">Add: Vesting Date Fair Value of Awards Granted during Prior FY that Vested During Applicable FY</td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:left;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">(461,025</td> <td style="white-space:nowrap;vertical-align:bottom;">)</td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:left;"> </td> <td style="white-space:nowrap;vertical-align:bottom;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;">(141,934</td> <td style="white-space:nowrap;vertical-align:bottom;">)</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td colspan="5" style="vertical-align:bottom;">Deduct: Fair Value at Prior Year End of Awards Granted during Prior FY that were Forfeited during Applicable FY</td> <td style="vertical-align:bottom;"> </td> <td colspan="2" style="vertical-align:bottom;text-align:center;">—</td> <td style="vertical-align:bottom;text-align:center;"> </td> <td style="vertical-align:bottom;text-align:center;"> </td> <td colspan="2" style="vertical-align:bottom;text-align:center;">—</td> <td style="vertical-align:bottom;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td colspan="5" style="vertical-align:bottom;">Add: Dividends or Other Earnings Paid during Applicable FY prior to Vesting Date</td> <td style="vertical-align:bottom;text-align:left;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;text-align:center;">—</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;text-align:center;"> </td> <td style="vertical-align:bottom;text-align:center;"> </td> <td colspan="2" style="vertical-align:bottom;border-bottom:0.5pt solid #000000;text-align:center;">—</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;text-align:center;"> </td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;"> <td colspan="5" style="white-space:pre-wrap;vertical-align:bottom;">CAP</td> <td style="white-space:pre-wrap;vertical-align:bottom;"> </td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #000000;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;border-bottom:2.25pt double #000000;text-align:center;">96,764</td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #ffffff03;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;text-align:center;"> </td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #000000;"> </td> <td style="white-space:pre-wrap;vertical-align:bottom;border-bottom:2.25pt double #000000;text-align:center;">351,865</td> <td style="white-space:nowrap;vertical-align:bottom;border-bottom:2.25pt double #ffffff03;"> </td> </tr> </table> 7068114 2201163 5536550 1447497 3994631 1058886 -4968406 -1318753 -461025 -141934 96764 351865 <table style="margin-left:auto;border-spacing:0;table-layout:fixed;width:100.0%;border-collapse:separate;margin-right:auto;"> <tr style="visibility:collapse;"> <td style="width:43.111%;"></td> <td style="width:26.955%;"></td> <td style="width:2.979%;"></td> <td style="width:26.955%;"></td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;text-align:left;"> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Assumptions</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">PSUs</td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #ffffff03;"> </td> <td style="vertical-align:bottom;border-bottom:0.5pt solid #000000;">Stock Options</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Term (years)</td> <td style="vertical-align:top;text-align:center;">0.38 — 2.50</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">2.00 — 6.00</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Correlation Coefficient — MannKind</td> <td style="vertical-align:top;text-align:center;">0.40 — 0.44</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Correlation Coefficient — Peer Average</td> <td style="vertical-align:top;text-align:center;">0.31 — 0.32</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Correlation Coefficient — Peer Median</td> <td style="vertical-align:top;text-align:center;">0.32</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Beginning Average Stock Price</td> <td style="vertical-align:top;text-align:center;">$2.95—$4.26</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Valuation Date Stock Price</td> <td style="vertical-align:top;text-align:center;">$3.64</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">$3.64 — $4.83</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Initial TSR</td> <td style="vertical-align:top;text-align:center;">(14.55%) — 23.39%</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Risk-Free Rate</td> <td style="vertical-align:top;text-align:center;">4.08% — 5.30%</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Volatility — MannKind</td> <td style="vertical-align:top;text-align:center;">53.85% — 61.06%</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">69.95% — 77.70%</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Volatility — Peer Average</td> <td style="vertical-align:top;text-align:center;">70.47% — 78.56%</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#ffffff;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Volatility — Peer Median</td> <td style="vertical-align:top;text-align:center;">65.35% — 78.38%</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">—</td> </tr> <tr style="height:9pt;background-color:#cff0fc;word-break:break-word;white-space:pre-wrap;"> <td style="vertical-align:top;">Exercise Price</td> <td style="vertical-align:top;text-align:center;">—</td> <td style="vertical-align:top;text-align:center;"> </td> <td style="vertical-align:top;text-align:center;">$1.32 — $4.55</td> </tr> </table> P0Y4M17D P2Y6M P2Y P6Y 0.4 0.44 0.31 0.32 0.32 2.95 4.26 3.64 3.64 4.83 -0.1455 0.2339 0.0408 0.053 0.5385 0.6106 0.6995 0.777 0.7047 0.7856 0.6535 0.7838 1.32 4.55 CAP vs Cumulative TSR<img alt="img30985660_6.jpg" src="img30985660_6.jpg" style="width:606px;height:377px;"/> CAP vs Cumulative TSR<img alt="img30985660_6.jpg" src="img30985660_6.jpg" style="width:606px;height:377px;"/> <img alt="img30985660_7.jpg" src="img30985660_7.jpg" style="width:609px;height:377px;"/> <img alt="img30985660_8.jpg" src="img30985660_8.jpg" style="width:608px;height:365px;"/> The most important financial and non-financial performance measures used by the Company to link CAP to the Company’s NEOs for the most recently completed fiscal year to the company’s performance are set forth below. For further information regarding these performance metrics and their function in our executive compensation program, please see “Compensation Discussion and Analysis” beginning on page 27.<div style="margin-left:3.333%;display:flex;margin-top:6pt;justify-content:flex-start;align-items:baseline;margin-bottom:6pt;min-width:3.333%;text-align:left;">•<div style="width:100%;display:inline;">Total revenue;</div></div><div style="margin-left:3.333%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:6pt;min-width:3.333%;text-align:left;">•<div style="width:100%;display:inline;">Total shareholder return;</div></div><div style="margin-left:3.333%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:6pt;min-width:3.333%;text-align:left;">•<div style="width:100%;display:inline;">Deliver on Tyvaso DPI production;</div></div><div style="margin-left:3.333%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:6pt;min-width:3.333%;text-align:left;">•<div style="width:100%;display:inline;">Drive endocrinology business; and</div></div><div style="margin-left:3.333%;display:flex;margin-top:0;justify-content:flex-start;align-items:baseline;margin-bottom:0;min-width:3.333%;text-align:left;">•<div style="width:100%;display:inline;">Advance pipeline opportunities.</div></div> Total revenue; Total shareholder return; Deliver on Tyvaso DPI production; Drive endocrinology business; and Advance pipeline opportunities. All information provided above under the “Item 402(v) Pay Versus Performance” heading will not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing, except to the extent the Company specifically incorporates such information by reference.