| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | KALV | Common Stock | Options Exercise | +11.5K | +30.81% | 48.8K | Aug 17, 2023 | Direct | F1 | ||
| transaction | KALV | Common Stock | Sale | -$76.6K | -7.14K | -14.63% | $10.73 | 41.7K | Aug 18, 2023 | Direct | F2, F3 |
| 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 | -1.77K | -8.33% | $0.00 | 19.5K | Aug 17, 2023 | Common Stock | 1.77K | Direct | F1, F4 | |
| transaction | KALV | Restricted Stock Unit | Options Exercise | $0 | -2.43K | -10% | $0.00 | 21.9K | Aug 17, 2023 | Common Stock | 2.43K | Direct | F1, F5 | |
| transaction | KALV | Performance Stock Unit | Options Exercise | $0 | -7.29K | -100% | $0.00* | 0 | Aug 17, 2023 | Common Stock | 7.29K | Direct | F6, F7 |
| Id | Content |
|---|---|
| F1 | Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement for no consideration. |
| F2 | 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 and performance stock units ("PSUs"). 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. |
| F3 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.7280 to $10.8619, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein. |
| F4 | 1/16th of the total RSUs subject to the Award shall vest on each quarterly anniversary of the Vesting Commencement Date thereafter, subject to continued service through each vesting date. |
| F5 | 1/12th of the total number of shares subject to the RSU shall vest on each quarterly anniversary of the Vesting Commencement Date commencing on November 17, 2022, for a period of three years, subject to continued service through each vesting date. |
| F6 | Each PSU represents a contingent right to receive 1 share of the Issuer's Class A Common Stock upon settlement for no consideration. |
| F7 | Shares earned upon the vesting of a percentage of the PSUs granted to the Reporting Person on June 8, 2023. Each PSU represents a contingent right to receive one share of Issuer common stock upon the Issuer's achievement of Performance Data and Enrollment Metrics goals ("Performance Metrics"). 1/4th of the total number of shares subject to the PSU shall vest on each quarterly anniversary of the Vesting Commencement Date of August 17, 2023, upon Performance Metrics achieved, subject to continued service through each vesting date. |