CalciMedica (CALC) Chief Medical Officer acquires 124,486 shares via board-approved deal

Rhea-AI Filing Summary

CalciMedica, Inc. Chief Medical Officer Sudarshan Hebbar acquired 124,486 shares of Common Stock on June 25, 2026 at an indicated price of $0.8033 per share. This brings his direct holdings to 186,025 shares. The shares were obtained from the company under a Securities Purchase Agreement dated June 23, 2026, which was approved by an independent committee of the board of directors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hebbar Sudarshan

Role Chief Medical Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	124,486	$0.8033	$100K

Holdings After Transaction: Common Stock — 186,025 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares acquired: 124,486 shares Transaction price: $0.8033 per share Total holdings after transaction: 186,025 shares +3 more

6 metrics

Shares acquired 124,486 shares Common Stock acquired on June 25, 2026

Transaction price $0.8033 per share Indicated transaction price for Common Stock

Total holdings after transaction 186,025 shares Direct ownership following June 25, 2026 acquisition

Transaction code A Grant, award, or other acquisition of non-derivative securities

Agreement date June 23, 2026 Date of Securities Purchase Agreement

Closing date June 25, 2026 Closing of Securities Purchase Agreement and share issuance

Key Terms

Securities Purchase Agreement, independent committee, Common Stock, transaction code A

4 terms

Securities Purchase Agreement financial

"The securities were acquired from the Issuer pursuant to a Securities Purchase Agreement dated June 23, 2026"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

independent committee regulatory

"was approved by an independent committee of the Issuer's Board of Directors"

An independent committee is a group of individuals within a company who are tasked with reviewing important decisions, such as mergers or acquisitions, without influence from the company's management or major shareholders. Their role is to provide impartial judgment, helping ensure that decisions are made fairly and in the best interest of all stakeholders. For investors, this adds a layer of objectivity and transparency to significant corporate actions.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

transaction code A regulatory

"transaction_code": "A" ... "transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 08:45 AM Accepted by SEC EDGAR 06/29/2026 - 08:45 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hebbar Sudarshan

(Last) (First) (Middle)

C/O CALCIMEDICA, INC.

505 COAST S. BLVD. #307

(Street)

LA JOLLA CALIFORNIA 92037

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
CalciMedica, Inc. [ CALC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Medical Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/25/2026		A(1)		124,486	A	$0.8033	186,025	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The securities were acquired from the Issuer pursuant to a Securities Purchase Agreement dated June 23, 2026, with a closing date of June 25, 2026. The Securities Purchase Agreement and the issuance of the securities thereunder was approved by an independent committee of the Issuer's Board of Directors.

	/s/ John Dunn, Esq., Attorney-in-Fact	06/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CalciMedica (CALC) report for Sudarshan Hebbar?

Sudarshan Hebbar, CalciMedica’s Chief Medical Officer, acquired 124,486 shares of Common Stock. The transaction occurred on June 25, 2026 and was reported as a grant, award, or other acquisition under transaction code A.

At what price were the new CalciMedica (CALC) shares acquired by the CMO?

The 124,486 CalciMedica Common Stock shares were acquired at an indicated price of $0.8033 per share. This price is shown in the Form 4 as the transaction price per share for the award acquisition.

How many CalciMedica (CALC) shares does Sudarshan Hebbar hold after this Form 4 transaction?

Following the reported acquisition, Sudarshan Hebbar directly holds 186,025 shares of CalciMedica Common Stock. This total includes the 124,486 shares acquired in the transaction reported on June 25, 2026.

How were the new CalciMedica (CALC) shares issued to Sudarshan Hebbar?

The shares were issued pursuant to a Securities Purchase Agreement dated June 23, 2026. According to the filing, the securities were acquired from CalciMedica under this agreement, with a closing date of June 25, 2026.

Who approved the issuance of CalciMedica (CALC) shares to the Chief Medical Officer?

The issuance of the securities to Sudarshan Hebbar under the Securities Purchase Agreement was approved by an independent committee of CalciMedica’s board of directors, as noted in the Form 4 footnote.

What does transaction code A mean in the CalciMedica (CALC) Form 4 filing?

Transaction code A in the Form 4 indicates a grant, award, or other acquisition of securities. In this case, it reflects the acquisition of CalciMedica Common Stock under the Securities Purchase Agreement approved by an independent board committee.