Kineta Director Boosts Stake by 18,500 Shares Ahead of TuHURA Merger
Rhea-AI Filing Summary
Director Marion R. Foote of Kineta reported multiple transactions on June 23-25, 2025:
- Exercised 12,500 stock options at $0.611 per share
- Disposed of 4,706 shares at $0.26 per share through tax withholding (F code)
- Received 6,000 shares as new grant at $0 cost
These transactions were part of changes related to the merger agreement between Kineta and TuHURA Biosciences. Per the Optionholder Treatment Agreement dated June 16, 2025, and following stockholder approval on June 23, 2025, the director's options under the 2022 Equity Incentive Plan became fully vested.
Following all transactions, Foote directly owns 165,156 shares of Kineta common stock. The exercised stock options, which had an expiration date of September 3, 2034, have been fully utilized, leaving a balance of 0 derivative securities.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,000 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) | 12,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,500 | $0.611 | $8K |
| Exercise Price or Tax Liability | Common Stock | 4,706 | $0.26 | $1K |
Footnotes (1)
- F1. 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.
FAQ
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