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

Role
Director
Signature
/s/ Mia Kelley, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
23 Feb 2024
Net transactions value
+$599,675
Form type
4
Filing time
26 Feb 2024, 18:15:14 UTC
Previous filing
12 Feb 2024
Next filing
04 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KRTX Common Stock Options Exercise $199,998 +27,510 +260% $7.27* 38,106 23 Feb 2024 Direct
transaction KRTX Common Stock Options Exercise $399,678 +4,008 +11% $99.72 42,114 23 Feb 2024 Direct
holding KRTX Common Stock 2,364 23 Feb 2024 The Steven M. Paul Revocable Trust
holding KRTX Common Stock 83,255 23 Feb 2024 Spouse (Jann E. Paul GRAT III)
holding KRTX Common Stock 23,230 23 Feb 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 -27,510 -3.5% $0.000000 757,045 23 Feb 2024 Common Stock 27,510 $7.27 Direct F1
transaction KRTX Option (right to buy) Options Exercise $0 -4,008 -2.9% $0.000000 135,992 23 Feb 2024 Common Stock 4,008 $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.