Mark T. Iwicki - Jan 3, 2022 Form 4 Insider Report for Kala Pharmaceuticals, Inc. (KALA)

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ Eric Trachtenberg, Attorney-in-Fact
Stock symbol: KALA
Transactions as of: Jan 3, 2022
Transactions value $: -$12,373
Form type: 4
Date filed: 1/5/2022, 07:00 PM
Previous filing: Oct 28, 2021
Next filing: Jun 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KALA	Common Stock	Sale	-$12.4K	-9.52K	-3.54%	$1.30^*	259K	Jan 4, 2022	Direct	F1, F2, 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	KALA	Stock Option (right to buy)	Award	$0	+775K		$0.00	775K	Jan 3, 2022	Common Stock	775K	$1.37	Direct	F4

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

Explanation of Responses:

Id	Content
F1	This sale was made pursuant to a 10b5-1 trading plan to cover tax withholding obligations in connection with the vesting and settlement of the Reporting Person's restricted stock units granted on January 4, 2021.
F2	The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.25 to $1.39, inclusive. The Reporting Person undertakes to provide to Kala Pharmaceuticals, Inc., any security holder of Kala Pharmaceuticals, Inc., 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 ranges set forth in this footnote to this Form 4.
F3	Includes 164,599 unvested RSUs.
F4	This option was granted on January 3, 2022 and vests with respect to 1/48th of the shares underlying the option at the end of each successive one-month period thereafter.