KalVista Pharmaceuticals officer fully exercises 87,390 share option grant

Rhea-AI Filing Summary

KalVista Pharmaceuticals (KALV) reported an insider equity transaction by its Chief Development Officer. On 11/20/2025, the officer exercised an employee stock option to acquire 87,390 shares of common stock at an exercise price of $0.0043 per share, coded as transaction type "M" (option exercise). After this transaction, the officer directly beneficially owned 220,964 shares of KalVista common stock. The related employee stock option, which was 100% vested, was fully exercised and no derivative securities remained beneficially owned.

Insider Trade Summary

Net Buyer: 87,390 shares

Net Buy 2 txns

Insider Yea Christopher

Role CHIEF DEVELOPMENT OFFICER

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to Buy)	87,390	$0.00	$0.00
Exercise	Common Stock	87,390	$0.0043	$375.78

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct); Common Stock — 220,964 shares (Direct)

Footnotes (1)

1. F1. This option is 100% vested and exercised.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 11/21/2025 - 04:07 PM Learn about SEC filing dates

FAQ

What insider transaction did KalVista (KALV) report in this Form 4?

The Chief Development Officer of KalVista Pharmaceuticals (KALV) exercised an employee stock option on 11/20/2025, acquiring 87,390 shares of common stock through an option exercise transaction coded "M".

How many KalVista (KALV) shares were acquired and at what price?

The reporting officer acquired 87,390 shares of KalVista common stock at an exercise price of $0.0043 per share by exercising an employee stock option.

How many KalVista (KALV) shares does the insider own after this transaction?

Following the reported transaction, the officer directly beneficially owned 220,964 shares of KalVista Pharmaceuticals common stock.

What happened to the employee stock option reported by the KalVista (KALV) officer?

The employee stock option with a $0.0043 exercise price covering 87,390 shares of common stock was 100% vested and fully exercised, leaving 0 derivative securities beneficially owned afterward.

What is the role of the reporting person in KalVista (KALV)?

The reporting person is an officer of KalVista Pharmaceuticals, serving as the company’s Chief Development Officer.

What does transaction code "M" mean in this KalVista (KALV) Form 4?

Transaction code "M" indicates an exercise or conversion of a derivative security, in this case an employee stock option converted into KalVista common stock.

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^*

Yea Christopher

(Last) (First) (Middle)

C/O KALVISTA PHARMACEUTICALS, INC

200 CROSSING BOULEVARD

(Street)

FRAMINGHAM MA 01702

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KalVista Pharmaceuticals, Inc. [ KALV ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF DEVELOPMENT OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

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	11/20/2025		M		87,390	A	$0.0043	220,964	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
Employee Stock Option (Right to Buy)	$0.0043	11/20/2025		M			87,390	(1)	03/30/2026	Common Stock	87,390	$0	0	D

Explanation of Responses:

1. This option is 100% vested and exercised.

	/s/ Benjamin L. Palleiko, Attorney-in-Fact	11/21/2025
	** 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.