Brown Jason Parker sold KRTX

March 18, 2024 · Form 4 insider transaction

Brown Jason Parker sold 10,306 shares of Karuna Therapeutics, Inc. at $330.00 per share, a transaction worth $3.40M. 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
10,306
Price
$330.00
Total value
$3.40M
RoleOfficer
SecurityRestricted Stock Units
Transaction codeD: Disposition to the issuer
Transaction dateMarch 18, 2024
Filing dateMarch 18, 2024
Shares owned after0
OwnershipDirect
10b5-1 planNo
AmendedNo

Footnotes

Represents RSUs granted on February 13, 2024 (the "2024 RSUs"), each representing a contingent right to receive one share of Common Stock, provided that, at the effective time of the Merger, any 2024 RSUs that were not vested and remained outstanding as of such date were cancelled and converted into the right to receive a cash payment equal to the product of (i) the number of unvested 2024 RSUs outstanding at the effective time of the Merger multiplied by (ii) the Merger Consideration (the "Cash Award"). The Cash Award shall vest annually in four equal installments on each of February 13, 2025, February 13, 2026, February 13, 2027 and February 13, 2028, subject to the reporting person's continued service through each such vesting date.; 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.

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