KalVista (KALV) CCO sells 1,861 shares in tax-related RSU sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KalVista Pharmaceuticals Chief Commercial Officer Nicole Sweeny reported routine equity compensation activity. On May 21, 2026, 6,250 restricted stock units converted into the same number of shares of common stock at no cost upon vesting. Each RSU represents a right to receive one share.
On May 22, 2026, she sold 1,861 shares of common stock at an average price of $26.7844 per share. According to the disclosure, this sale was executed solely to cover tax withholding obligations from the RSU vesting as a “sell to cover” transaction and was not a discretionary trade. After these transactions, Sweeny directly holds 55,780 shares of KalVista common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,861 shares ($49,846)
Net Sell
3 txns
Insider
Sweeny Nicole
Role
Chief Commercial Officer
Sold
1,861 shs ($50K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,861 | $26.7844 | $50K |
| Exercise | Restricted Stock Unit | 6,250 | $0.00 | -- |
| Exercise | Common Stock | 6,250 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 55,780 shares (Direct, null);
Restricted Stock Unit — 68,750 shares (Direct, null)
Footnotes (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. 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. 1/16th of the total number of shares subject to the RSU shall vest on each quarterly anniversary of the Vesting Commencement Date commencing on May 21, 2025, subject to continued service through each vesting date.
Key Figures
Shares sold: 1,861 shares
Sale price: $26.7844 per share
RSUs converted: 6,250 units/shares
+2 more
5 metrics
Shares sold
1,861 shares
Open-market sale on May 22, 2026 to cover taxes
Sale price
$26.7844 per share
Average price for tax-related sale on May 22, 2026
RSUs converted
6,250 units/shares
RSUs converted to common stock on May 21, 2026 at no cost
Post-transaction holdings
55,780 shares
Common stock directly owned after transactions
Net buy/sell shares
-1,861 shares
Net share change across reported transactions
Key Terms
Restricted Stock Unit, sell to cover, vesting and settlement, Vesting Commencement Date
4 terms
Restricted Stock Unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"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."
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
vesting and settlement financial
"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."
Vesting Commencement Date financial
"1/16th of the total number of shares subject to the RSU shall vest on each quarterly anniversary of the Vesting Commencement Date commencing on May 21, 2025, subject to continued service through each vesting date."
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
FAQ
What insider transaction did KalVista (KALV) report for Nicole Sweeny?
KalVista reported that Chief Commercial Officer Nicole Sweeny had 6,250 restricted stock units vest into common shares and then sold 1,861 shares. The sale was executed only to cover tax withholding obligations arising from the RSU vesting.
What are the terms of Nicole Sweeny’s KalVista (KALV) RSU vesting schedule?
The RSUs vest in 16 equal quarterly installments, with one-sixteenth of the total vesting on each quarterly anniversary of the Vesting Commencement Date. Vesting began on May 21, 2025, and each installment requires her continued service through the applicable vesting date.
What does each KalVista (KALV) RSU represent in Nicole Sweeny’s grant?
Each restricted stock unit represents a contingent right to receive one share of KalVista common stock upon settlement, for no cash consideration. When the RSUs vest, they convert into an equivalent number of shares that may trigger related tax withholding events.