KalVista Pharmaceuticals insider updates holdings after RSU vesting

Rhea-AI Filing Summary

KalVista Pharmaceuticals, Inc. insider trading report: The company’s Chief Development Officer filed a Form 4 detailing routine equity award activity. On 11/17/2025, the officer acquired 4,205 shares of KalVista common stock following the vesting and settlement of restricted stock units (RSUs), which convert to common stock on a one-for-one basis for no cash consideration. On 11/18/2025, 2,683 shares were sold in a broker-assisted “sell to cover” transaction at a weighted average price of $14.4794 per share to satisfy tax withholding obligations tied to the RSU vesting, described as non-discretionary. After these transactions, the officer beneficially owned 133,574 shares of KalVista common stock, held directly.

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^*

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)
11/17/2025

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	11/17/2025		M		4,205	A	(1)	136,257	D
Common Stock	11/18/2025		S(2)		2,683	D	$14.4794(3)	133,574	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
Restricted Stock Unit	(1)	11/17/2025		M			1,774	(4)	(4)	Common Stock	1,774	$0	3,548	D
Restricted Stock Unit	(1)	11/17/2025		M			2,431	(5)	(5)	Common Stock	2,431	$0	0	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.

2. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale was to satisfy tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.

3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.16 to $14.4835 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. 1/16th of the total number of shares subject to the RSU shall vest on each quarterly anniversary of the Vesting Commencement Date, subject to continued service through each vesting date.

5. 1/12th of the total number of shares subject to the RSU shall vest on each quarterly anniversary of the Vesting Commencement Date, subject to continued service through each vesting date.

	/s/ Benjamin L. Palleiko, Attorney-in-Fact	11/19/2025
	** 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.
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FAQ

What insider transaction did KalVista Pharmaceuticals (KALV) report?

KalVista Pharmaceuticals reported that its Chief Development Officer acquired shares through RSU vesting on 11/17/2025 and sold a portion on 11/18/2025 to cover tax withholding obligations.

How many KalVista (KALV) shares did the executive acquire and sell?

The executive acquired 4,205 shares of KalVista common stock upon RSU settlement, then sold 2,683 shares in a “sell to cover” transaction related to tax withholding.

What was the sale price for the KalVista (KALV) shares sold for taxes?

The 2,683 shares of KalVista common stock were sold at a weighted average price of $14.4794 per share, with individual trades ranging from $14.16 to $14.4835.

How many KalVista (KALV) shares does the insider own after these transactions?

Following the reported RSU vesting and tax-related sale, the Chief Development Officer beneficially owned 133,574 shares of KalVista Pharmaceuticals common stock, directly.

What are the terms of the KalVista (KALV) restricted stock unit (RSU) awards?

Each RSU converts into 1 share of KalVista common stock for no cash consideration. One RSU grant vests at 1/16th of the total shares on each quarterly anniversary, and another at 1/12th of the total shares on each quarterly anniversary, in each case subject to continued service.

Was the KalVista (KALV) insider sale a discretionary trade?

The filing states the sale was executed to cover tax withholding obligations in connection with RSU vesting via a “sell to cover” arrangement and does not represent a discretionary transaction by the reporting person.