Kineta Executive's Stock Moves Signal Confidence Amid TuHURA Merger Deal

Rhea-AI Filing Summary

Craig W. Philips, President and Secretary of Kineta, reported multiple securities transactions on June 23-25, 2025:

• Exercised 225,000 stock options at $0.36 per share on June 23
• Disposed of 47,647 shares at $0.26 per share through tax withholding (Form F)
• Acquired 60,300 new shares on June 25 at $0 cost

These transactions occurred following the approval of a merger agreement between Kineta and TuHURA Biosciences at a Special Meeting of Stockholders on June 23, 2025. The merger agreement triggered full vesting of Philips' options under the 2022 Equity Incentive Plan.

Post-transactions, Philips directly owns 298,464 shares and indirectly controls 34,654 shares through Whetstone Ventures LLC, where he serves as member manager with shared voting and dispositive power.

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

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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^*

PHILIPS CRAIG W.

(Last) (First) (Middle)

C/O KINETA, INC.

7683 SE 27TH STREET, SUITE 481

(Street)

MERCER ISLAND WA 98040

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KINETA, INC./DE [ KANT ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and Secretary

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

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

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

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

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	06/23/2025		M		225,000	A	$0.36	285,811	D
Common Stock	06/23/2025		F		47,647	D	$0.26	238,164	D
Common Stock	06/25/2025		A		60,300	A	$0	298,464	D
Common Stock								34,654	I	By Whetstone Ventures, LLC(1)

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
Stock Option (Right to Buy)	$0.36	06/23/2025		M			225,000	(2)	04/13/2034	Common Stock	225,000	$0	0	D

Explanation of Responses:

1. The Reporting Person is a member manager of Whetstone Ventures, LLC ("Whetstone") and shares voting and dispositive power over the shares held by Whetstone.

2. Pursuant to the terms of (i) the Optionholder Treatment Agreement, dated June 16, 2025, by and between Kineta, Inc. (the "Company") and the Reporting Person, and (ii) the Agreement and Plan of Merger, dated as of December 11, 2024, by and among the Company, TuHURA Biosciences, Inc., a Nevada corporation ("TuHURA"), Hura Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of TuHURA, Hura Merger Sub II, a Delaware limited liability company and a wholly owned subsidiary of TuHURA, and Craig Philips, as representative of the stockholders of the Company, and as amended by that certain First Amendment to Agreement and Plan of Merger, dated May 5, 2025, as approved by the Company's stockholders at the Special Meeting of Stockholders held on June 23, 2025, the options granted to the Reporting Person under the 2022 Equity Incentive Plan became fully vested on June 23, 2025.

	/s/ Nanette Agustines, as Attorney-in-Fact	06/25/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Craig Philips (KA's President) report on June 23, 2025?

On June 23, 2025, Craig Philips executed multiple transactions: He acquired 225,000 shares at $0.36 per share through option exercise (M), disposed of 47,647 shares at $0.26 per share (F), and on June 25, 2025, he acquired an additional 60,300 shares at $0 cost. After these transactions, he directly owns 298,464 shares and indirectly owns 34,654 shares through Whetstone Ventures, LLC.

How many KA stock options did Craig Philips exercise in the June 23, 2025 transaction?

Craig Philips exercised 225,000 stock options with an exercise price of $0.36 per share on June 23, 2025. These options were originally set to expire on April 13, 2034, but became fully vested on June 23, 2025 due to the TuHURA Biosciences merger agreement.

What is Craig Philips' total KA stock ownership after the June 2025 transactions?

Following the reported transactions, Craig Philips owns a total of 333,118 shares of KA stock, consisting of 298,464 shares held directly and 34,654 shares held indirectly through Whetstone Ventures, LLC, where he serves as a member manager with shared voting and dispositive power.

Why did KA's stock options vest early for Craig Philips in June 2025?

The stock options vested early on June 23, 2025, due to the Optionholder Treatment Agreement dated June 16, 2025, and the Agreement and Plan of Merger with TuHURA Biosciences, Inc. This accelerated vesting was approved by KA's stockholders at the Special Meeting of Stockholders held on June 23, 2025.