Troy A. Ignelzi - Aug 9, 2022 Form 4 Insider Report for Karuna Therapeutics, Inc. (KRTX)

Role: Chief Financial Officer
Signature: /s/ Troy Ignelzi
Stock symbol: KRTX
Transactions as of: Aug 9, 2022
Transactions value $: -$3,607,395
Form type: 4
Date filed: 8/11/2022, 05:17 PM
Previous filing: Apr 21, 2022
Next filing: Oct 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KRTX	Common Stock	Options Exercise	$152K	+16.5K	+66.08%	$9.20^*	41.5K	Aug 9, 2022	Direct
transaction	KRTX	Common Stock	Sale	-$3.76M	-16.5K	-39.79%	$227.83	25K	Aug 9, 2022	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	-16.5K	-10.67%	$0.00	138K	Aug 9, 2022	Common Stock	16.5K	$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 sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on October 1, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $227.55 to $228.22, 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.