Steven M. Paul - 29 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: 29 Feb 2024
Net transactions value: +$14,932,598
Form type: 4
Filing time: 04 Mar 2024, 17:34:31 UTC
Previous filing: 26 Feb 2024
Next filing: 18 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	Other	$14,932,598	+47,378	+204%	$315.18	70,608	29 Feb 2024	Jann E Paul Revocable Trust	F1
transaction	KRTX	Common Stock	Gift	$0	-30,304	-43%	$0.000000	40,304	01 Mar 2024	Jann E Paul Revocable Trust
transaction	KRTX	Common Stock	Gift	$0	+30,304		$0.000000	30,304	01 Mar 2024	Steve M. Paul Family 2021 Delaware Trust
transaction	KRTX	Common Stock	Gift	$0	-30,304	-75%	$0.000000	10,000	01 Mar 2024	Jann E Paul Revocable Trust
transaction	KRTX	Common Stock	Gift	$0	+30,304	+1282%	$0.000000	32,668	01 Mar 2024	The Steven M Paul Revocable Trust
transaction	KRTX	Common Stock	Gift	$0	-30,304	-93%	$0.000000	2,364	04 Mar 2024	The Steven M Paul Revocable Trust
transaction	KRTX	Common Stock	Gift	$0	+30,304		$0.000000	30,304	04 Mar 2024	Steven M. Paul Family 2024 Trust
holding	KRTX	Common Stock						42,114	29 Feb 2024	Direct
holding	KRTX	Common Stock						35,877	29 Feb 2024	Jann E. Paul GRAT III	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 29, 2024, the Jann E Paul Revocable Trust, a family trust of which the reporting person is the trustee (the "Revocable Trust"), withdrew 47,378 shares of common stock from the Jann E. Paul GRAT III, a grantor retained annuity trust established for the benefit of the reporting person (the "GRAT"), in exchange for cash. The withdrawal of shares from the the GRAT resulted in a decrease in the number of shares the reporting person beneficially owns indirectly through the GRAT and a corresponding increase in the number of shares the reporting person beneficially owns indirectly through the Revocable Trust. The reporting person believes that this withdrawal of shares from the GRAT constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934, as amended.

Content

On February 29, 2024, the Jann E Paul Revocable Trust, a family trust of which the reporting person is the trustee (the "Revocable Trust"), withdrew 47,378 shares of common stock from the Jann E. Paul GRAT III, a grantor retained annuity trust established for the benefit of the reporting person (the "GRAT"), in exchange for cash. The withdrawal of shares from the the GRAT resulted in a decrease in the number of shares the reporting person beneficially owns indirectly through the GRAT and a corresponding increase in the number of shares the reporting person beneficially owns indirectly through the Revocable Trust. The reporting person believes that this withdrawal of shares from the GRAT constitutes a change in form of beneficial ownership of the shares, exempted by Rule 16a-13 under the Securities Exchange Act of 1934, as amended.