Vanguard Group Updates MannKind Corp Stake: 420,635 Shares Shared Voting

TL;DR

**Vanguard still holds over 420K MannKind shares, showing continued institutional interest.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in MannKind Corp. As of December 29, 2023, Vanguard reported shared voting power over 420,635 shares of MannKind's common stock and sole dispositive power over 1 share. This update is important for investors as it shows a significant institutional holder's current stake, which can influence stock stability and investor confidence.

Why It Matters

This filing indicates Vanguard's continued, albeit slightly adjusted, significant ownership in MannKind, providing transparency into institutional holdings that can impact market perception and liquidity.

Risk Assessment

Risk Level: low — This is a routine amendment from a large institutional investor, indicating no immediate significant risk or change in company fundamentals.

Analyst Insight

Investors should note Vanguard's continued, stable institutional holding in MannKind Corp, which suggests a baseline level of confidence from a major fund. While not a buy signal, it indicates a lack of significant negative sentiment from this large investor.

Key Numbers

• 420,635 — Shared Voting Power Shares (Represents the number of MannKind Corp shares over which The Vanguard Group has shared voting power as of December 29, 2023.)
• 1 — Sole Dispositive Power Shares (Indicates the number of MannKind Corp shares over which The Vanguard Group has sole dispositive power as of December 29, 2023.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and institutional investor
• MannKind Corp (company) — the issuer of the securities
• 420,635 (dollar_amount) — number of shares with shared voting power
• December 29, 2023 (date) — date of the event requiring the filing
• Pennsylvania (company) — place of organization for The Vanguard Group

FAQ

Filing Documents

• tv01393-mannkindcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-021400.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: MannKind Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 1 Casper Street Danbury, CT 06810

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 56400P706

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR