Steven M. Paul - Feb 29, 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 29, 2024
Transactions value $: $14,932,598
Form type: 4
Date filed: 3/4/2024, 05:34 PM
Previous filing: Feb 26, 2024
Next filing: Mar 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRTX	Common Stock	Other	$14.9M	+47.4K	+203.95%	$315.18	70.6K	Feb 29, 2024	Jann E Paul Revocable Trust	F1
transaction	KRTX	Common Stock	Gift	$0	-30.3K	-42.92%	$0.00	40.3K	Mar 1, 2024	Jann E Paul Revocable Trust
transaction	KRTX	Common Stock	Gift	$0	+30.3K		$0.00	30.3K	Mar 1, 2024	Steve M. Paul Family 2021 Delaware Trust
transaction	KRTX	Common Stock	Gift	$0	-30.3K	-75.19%	$0.00	10K	Mar 1, 2024	Jann E Paul Revocable Trust
transaction	KRTX	Common Stock	Gift	$0	+30.3K	+1281.9%	$0.00	32.7K	Mar 1, 2024	The Steven M Paul Revocable Trust
transaction	KRTX	Common Stock	Gift	$0	-30.3K	-92.76%	$0.00	2.36K	Mar 4, 2024	The Steven M Paul Revocable Trust
transaction	KRTX	Common Stock	Gift	$0	+30.3K		$0.00	30.3K	Mar 4, 2024	Steven M. Paul Family 2024 Trust
holding	KRTX	Common Stock						42.1K	Feb 29, 2024	Direct
holding	KRTX	Common Stock						35.9K	Feb 29, 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.