Steven M. Paul - Feb 23, 2024 Form 4 Insider Report for Karuna Therapeutics, Inc. (KRTX)

Role
Director
Signature
/s/ Mia Kelley, Attorney-in-Fact
Stock symbol
KRTX
Transactions as of
Feb 23, 2024
Transactions value $
$599,675
Form type
4
Date filed
2/26/2024, 06:15 PM
Previous filing
Feb 12, 2024
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KRTX Common Stock Options Exercise $200K +27.5K +259.63% $7.27* 38.1K Feb 23, 2024 Direct
transaction KRTX Common Stock Options Exercise $400K +4.01K +10.52% $99.72 42.1K Feb 23, 2024 Direct
holding KRTX Common Stock 2.36K Feb 23, 2024 The Steven M. Paul Revocable Trust
holding KRTX Common Stock 83.3K Feb 23, 2024 Spouse (Jann E. Paul GRAT III)
holding KRTX Common Stock 23.2K Feb 23, 2024 Spouse (Jann E. Paul Revocable Trust)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KRTX Option (right to buy) Options Exercise $0 -27.5K -3.51% $0.00 757K Feb 23, 2024 Common Stock 27.5K $7.27 Direct F1
transaction KRTX Option (right to buy) Options Exercise $0 -4.01K -2.86% $0.00 136K Feb 23, 2024 Common Stock 4.01K $99.72 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option vested as to 1/30th of the shares underlying the option award on each one month anniversary of the vesting commencement date of June 15, 2018, except that 274,594 shares vested upon the closing of our Series B financing in March 2019, and 98,069 shares vested upon the closing of our initial public offering.
F2 This option vested as to 25% of the shares on the first anniversary of the vesting commencement date of February 14, 2020, with additional vesting as to 6.25% of the shares underlying the option award on each three month anniversary thereafter.