Troy A. Ignelzi - Nov 8, 2021 Form 4 Insider Report for Karuna Therapeutics, Inc. (KRTX)

Role: Chief Financial Officer
Signature: /s/ Troy Ignelzi
Stock symbol: KRTX
Transactions as of: Nov 8, 2021
Transactions value $: -$1,932,120
Form type: 4
Date filed: 11/10/2021, 03:08 PM
Previous filing: Sep 10, 2021
Next filing: Dec 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRTX	Common Stock	Options Exercise	$124K	+13.5K	+75%	$9.20^*	31.5K	Nov 8, 2021	Direct
transaction	KRTX	Common Stock	Sale	-$2.06M	-13.5K	-42.86%	$152.32	18K	Nov 8, 2021	Direct	F1, F2

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	KRTX	Option (right to buy)	Options Exercise	$0	-13.5K	-7.51%	$0.00	166K	Nov 8, 2021	Common Stock	13.5K	$9.20	Direct	F3

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

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 15, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $151.82 to $152.49, 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 purchased at each separate price within the range set forth in this footnote.
F3	This option vested as to 25% of the shares on the first anniversary of the vesting commencement date of March 1, 2019, with additional vesting as to 12.5% of the shares underlying the option award on each six month period thereafter.