Brown Jason Parker sold KRTX

March 18, 2024 · Form 4 insider transaction

Brown Jason Parker sold 7,158 shares of Karuna Therapeutics, Inc. at $330.00 per share, a transaction worth $2.36M. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 0 days after the transaction.

Direction
Disposed (sell-side)
Shares
7,158
Price
$330.00
Total value
$2.36M
RoleOfficer
SecurityCommon Stock
Transaction codeD: Disposition to the issuer
Transaction dateMarch 18, 2024
Filing dateMarch 18, 2024
Shares owned after0
OwnershipDirect
10b5-1 planNo
AmendedNo

Footnotes

On March 18, 2024, Bristol-Myers Squibb Company ("Bristol-Myers") acquired Karuna Therapeutics, Inc. (the "Issuer") pursuant to a certain Agreement and Plan of Merger, dated as of December 22, 2023 (the "Merger Agreement"), by and among the Issuer, Bristol-Myers and Miramar Merger Sub Inc., a wholly owned subsidiary of Bristol-Myers ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer (the "Merger") with the Issuer surviving the Merger as a wholly owned subsidiary of Bristol-Myers.; Represents restricted stock units ("RSUs"), each representing a contingent right to receive one share of Common Stock. Pursuant to the Merger Agreement, each outstanding RSU, whether granted under an Issuer stock plan or otherwise, automatically vested (to the extent not previously vested), was cancelled and entitled the holder to receive a one-time lump sum payment in an amount in cash, without interest and subject to deduction for any required tax withholding, equal to (i) the total number of shares of Common Stock subject to such RSU immediately prior to the effective time of the Merger, multiplied by (ii) the Merger Consideration.

View the original Form 4 on SEC EDGAR
Brown Jason Parker sold KRTX: March 18, 2024 | Insider Trading Screener