Inhibikase director forfeits 19,089 IKT shares
Inhibikase Therapeutics director Amit Munshi reported a forfeiture of previously issued shares.
Rhea-AI Filing Summary
Inhibikase Therapeutics director Amit Munshi reported a forfeiture of previously issued shares. On February 21, 2026, 19,089 shares of common stock were returned to the company after a milestone related to the February 21, 2025 CorHepta Pharmaceuticals acquisition was not achieved. Munshi received no cash or other consideration for this disposition to the issuer.
Following the forfeiture, he holds 38,176 shares of common stock directly and 365,000 shares indirectly through the Amit Munshi Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 19,089 shares
Disposition
2 txns
Insider
Munshi Amit
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 19,089 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 38,176 shares (Direct);
Common Stock — 365,000 shares (Indirect, By Amit Munshi Revocable Trust)
Footnotes (1)
- F1. As previously reported on a Form 4 filed on August 28, 2025, the Reporting Person received shares of Issuer common stock as merger consideration upon the completion of the acquisition of CorHepta Pharmaceuticals, Inc. on February 21, 2025 (the "Closing Date"), with 19,089 shares subject to forfeiture if a certain milestone is not achieved by the first anniversary of the Closing Date. On February 21, 2026, it was determined that such milestone was not achieved, resulting in the forfeiture of all 19,089 shares. The Reporting Person received no consideration from the Issuer in connection with such forfeiture.
FAQ
What insider transaction did Inhibikase Therapeutics (IKT) disclose for Amit Munshi?
Inhibikase Therapeutics disclosed that director Amit Munshi forfeited 19,089 shares of common stock back to the company. The forfeiture occurred when a milestone tied to the CorHepta Pharmaceuticals acquisition was not met by February 21, 2026, and no consideration was received.
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