Paul K. Audhya - Nov 17, 2022 Form 4 Insider Report for KalVista Pharmaceuticals, Inc. (KALV)

Role: Chief Medical Officer
Signature: /s/ Benjamin L. Palleiko, Attorney-in-Fact
Stock symbol: KALV
Transactions as of: Nov 17, 2022
Transactions value $: -$3,928
Form type: 4
Date filed: 11/21/2022, 03:15 PM
Previous filing: Aug 19, 2022
Next filing: May 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KALV	Common Stock	Options Exercise		+2.42K	+56.93%		6.67K	Nov 17, 2022	Direct	F1, F2
transaction	KALV	Common Stock	Sale	-$3.93K	-722	-10.83%	$5.44	5.95K	Nov 18, 2022	Direct	F3

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	KALV	Restricted Stock Unit	Options Exercise	$0	-2.42K	-6.67%	$0.00	33.9K	Nov 17, 2022	Common Stock	2.42K		Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement for no consideration.
F2	Includes 2,556 shares acquired under the Employee Stock Purchase Plan as of June 30, 2022.
F3	The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
F4	1/16th of the total restricted stock units subject to the Award shall vest on each quarterly anniversary of the Vesting Commencement Date thereafter, subject to continued service through each vesting date.