Baker Bros. Advisors Lp - Oct 4, 2024 Form 4 Insider Report for Kiniksa Pharmaceuticals International, plc (KNSA)

Role
Director
Signature
By: Baker Bros. Advisors LP, Name: Scott L. Lessing, Title: President /s/ Scott L. Lessing
Stock symbol
KNSA
Transactions as of
Oct 4, 2024
Transactions value $
$0
Form type
4
Date filed
10/8/2024, 04:14 PM
Previous filing
Oct 2, 2024
Next filing
Dec 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KNSA Class A Ordinary Shares Award $0 +4.73K +3.81% $0.00 129K Oct 4, 2024 See Footnotes F1, F2, F3, F4, F5, F6, F7, F8, F9, F10
transaction KNSA Class A Ordinary Shares Award $0 +4.73K +0.17% $0.00 2.73M Oct 4, 2024 See Footnotes F1, F2, F3, F5, F6, F7, F8, F9, F10, F12
holding KNSA Class A Ordinary Shares 14.8K Oct 4, 2024 Direct F2, F3, F11
holding KNSA Class A Ordinary Shares 14.8K Oct 4, 2024 Direct F2, F3, F13

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 KNSA Non- Qualified Share Option (right to buy) Award $0 +28.4K $0.00 28.4K Oct 4, 2024 Class A ordinary shares 28.4K $24.48 See Footnotes F4, F5, F6, F7, F8, F9, F14
transaction KNSA Non- Qualified Share Option (right to buy) Award $0 +28.4K $0.00 28.4K Oct 4, 2024 Class A ordinary shares 28.4K $24.48 See Footnotes F5, F6, F7, F8, F9, F12, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 4, 2024, Kiniksa Pharmaceuticals International, plc (the "Issuer") granted 4,730 restricted share units (each an "RSU") payable solely in Class A ordinary shares ("Class A ordinary shares") to M. Cantey Boyd, a full-time employee of Baker Bros. Advisors LP (the "Adviser"), in conjunction with her appointment to the board of directors of the Issuer (the "Board") pursuant to the Issuer's 2018 Incentive Award Plan (the "Incentive Award Plan"). One third of the RSUs vest on each anniversary of the grant date subject to M. Cantey Boyd's continuous service on the Board through the vesting date. Felix J. Baker, a managing member of Baker Bros. Advisors (GP) LLC (the "Adviser GP"), and M. Cantey Boyd and Dr. Stephen Biggar, full-time employees of the Adviser, serve on the Board as representatives of 667, L.P. ("667") and Baker Brothers Life Sciences, L.P. ("Life Sciences", and together with 667, the "Funds") and their affiliates and control persons.
F2 On June 27, 2024, Kiniksa Pharmaceuticals, Ltd. ("Old Kinksa") consummated redomiciliation transactions that resulted in the Issuer becoming the successor issuer to Old Kiniksa (the "Redomiciliation"). Pursuant to the Redomiciliation, holders of Old Kiniksa securities received (i) one Class A ordinary share of the Issuer for each Class A common share of Old Kiniksa held immediately prior to the effectiveness of the Redomiciliation; (ii) one Class A1 ordinary share of the Issuer for each Class A1 common share of Old Kiniksa held immediately prior to the effectiveness of the Redomiciliation; (continued in Footnote 3)
F3 (continued from footnote 2) (iii) one Class B ordinary share of the Issuer for each Class B common share of Old Kiniksa held immediately prior to the effectiveness of the Redomiciliation; and (iv) one Class B1 ordinary share of the Issuer for each Class B1 common share of Old Kiniksa held immediately prior to the effectiveness of the Redomiciliation, with no change in economic interest for any such holders as a result of the Redomiciliation.
F4 After giving effect to the transactions reported herein and as a result of their ownership interest in (i) Baker Biotech Capital, L.P. and (ii) 667, Julian C. Baker and Felix J. Baker each may be deemed to have an indirect pecuniary interest in Class A ordinary shares reported in column 5 of Table I and the Share Options (as defined below) reported in column 9 of Table II held directly by or held for the benefit of 667, a limited partnership of which the sole general partner is Baker Biotech Capital, L.P., a limited partnership of which the sole general partner is Baker Biotech Capital (GP), LLC, due to their interest in 667 and Baker Biotech Capital, L.P.'s right to receive an allocation of a portion of the profits from 667.
F5 Pursuant to the policies of the Adviser, Felix J. Baker, Dr. Biggar and M. Cantey Boyd do not have a right to any of the Issuer's securities issued as compensation for their service on the Board and the Funds are entitled to an indirect proportionate pecuniary interest in such securities. The Funds each own an indirect proportionate pecuniary interest in the non-qualified share options exercisable solely into Class A ordinary shares ("Share Options") and RSUs. Solely as a result of their ownership interest in (i) the general partners of the Funds and (ii) the Funds, Felix J. Baker and Julian C. Baker may be deemed to have an indirect pecuniary interest in the Share Options, RSUs and any Class A ordinary shares acquired upon the exercise of Share Options or vesting of RSUs (i.e. no direct pecuniary interest) issued as compensation for such Board service.
F6 The Adviser serves as the investment adviser to the Funds. In connection with the services provided by the Adviser, the Adviser receives an asset-based management fee that does not confer any pecuniary interest in the securities held directly by the Funds or for the benefit of the Funds. The Adviser GP is the Adviser's sole general partner. Julian C. Baker and Felix J. Baker are managing members of the Adviser GP. The Adviser has complete and unlimited discretion and authority with respect to the investment and voting power of the securities held directly by the Funds or for the benefit of the Funds. The general partners of the Funds relinquished to the Adviser all discretion and authority with respect to the investment and voting power of the securities held directly by the Funds or for the benefit of the Funds.
F7 Julian C. Baker, Felix J. Baker, the Adviser GP and the Adviser disclaim beneficial ownership of the securities held directly by or held for the benefit of the Funds except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that any of Julian C. Baker, Felix J. Baker, the Adviser GP or the Adviser is a beneficial owner of such securities for purposes of Section 16 or any other purpose.
F8 Pursuant to the policies of the Adviser, the Adviser has voting and dispositive power over the Share Options, RSUs and any Class A ordinary shares received as a result of the exercise of Share Options or vesting of RSUs.
F9 The acquisitions of the RSUs and Share Options reported on this form represent grants to M. Cantey Boyd of 4,730 RSUs on Table I and 28,384 Share Options on Table II. These grants, totaling 4,730 RSUs and 28,384 Share Options for M. Cantey Boyd, are reported for each of the Funds as each has an indirect pecuniary interest in such securities.
F10 Includes beneficial ownership of 12,546 Class A ordinary shares received or to be received from vesting of RSUs each previously granted to Felix J. Baker and Dr. Biggar in their capacity as directors of the Issuer.
F11 Class A ordinary shares held directly by Felix J. Baker.
F12 After giving effect to the transactions reported herein and as a result of their ownership interest in (i) Baker Brothers Life Sciences Capital, L.P. and (ii) Life Sciences, Julian C. Baker and Felix J. Baker each may be deemed to have an indirect pecuniary interest in Class A ordinary shares reported in column 5 of Table I and the Share Options reported in column 9 of Table II held directly by or held for the benefit of Life Sciences, a limited partnership of which the sole general partner is Baker Brothers Life Sciences Capital, L.P., a limited partnership of which the sole general partner is Baker Brothers Life Sciences Capital (GP), LLC, due to their interest in Life Sciences and Baker Brothers Life Sciences Capital, L.P.'s right to receive an allocation of a portion of the profits from Life Sciences.
F13 Class A ordinary shares held directly by Julian C. Baker.
F14 On October 4, 2024, the Issuer granted 28,384 Share Options to M. Cantey Boyd, pursuant to the Incentive Award Plan. The Share Options have a strike price of $24.48, one third of which vests on the first anniversary of the grant date with the remaining two thirds vesting in 24 equal monthly installments, and expire 10 years from the date of grant.

Remarks:

Effective October 4, 2024, M. Cantey Boyd, a full-time employee of Baker Bros. Advisors LP (the "Adviser") was appointed to the board of directors of Kiniksa Pharmaceuticals International, plc (the "Issuer"). Felix J. Baker, a managing member of Baker Bros. Advisors (GP) LLC, and Dr. Stephen R. Biggar and M. Cantey Boyd, full-time employees of the Adviser, are directors of the Issuer. By virtue of their representation on the board of directors of the Issuer, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting persons other than Felix J. Baker are deemed directors by deputization of the Issuer.