Kiniksa (KNSA) insider filing: 10b5-1 plan trades by CFO Ragosa
Rhea-AI Filing Summary
Report: Form 4 filed for Ragosa Mark (address: 23 Old Bond Street, London) reporting transactions in Kiniksa Pharmaceuticals International, plc (KNSA). The reporting person is identified as a Director and Chief Financial Officer. Earliest transaction date: 08/04/2025. Form signed by Madelyn Zeylikman, Attorney-in-Fact, dated 08/06/2025.
Transactions: Table I shows two Class A Ordinary Share transactions on 08/04/2025 involving 18,889 shares at prices of $22.89 and $32.89, with reported post-transaction beneficial ownerships of 45,898 and 27,009. Table II reports a Share Option with exercise/conversion price $22.89 covering 18,889 underlying Class A shares, expiration 03/15/2031, and 2,036 derivative securities reported beneficially owned following the transaction. The filing states the transactions were effected pursuant to a 10b5-1 plan executed Sept 3, 2024 and discloses the option vesting schedule (vesting commencement 03/16/2021; 25% on first anniversary; monthly vesting over 36 months).
Positive
- Transactions disclosed under a 10b5-1 plan, enhancing transparency about timing and intent.
- Vesting schedule and option expiration are explicitly disclosed (vesting commencement 03/16/2021; expiration 03/15/2031).
Negative
- Reported change in holdings includes 18,889 shares referenced and a post-transaction beneficial ownership level of 27,009 shares, indicating a notable shift in reported holdings.
Insights
TL;DR: Insider transactions executed under a 10b5-1 plan; disclosed share and option changes appear routine and documented.
The Form 4 reports two Class A Ordinary Share-related transactions and a related share option on 08/04/2025. Key numeric disclosures include 18,889 shares referenced twice at prices of $22.89 and $32.89, post-transaction beneficial ownerships of 45,898 and 27,009, and 2,036 derivative securities reported following the transaction. The filing explicitly states the trades were effected pursuant to a 10b5-1 plan executed Sept 3, 2024, which limits the immediate informational content regarding intent. For investors, the primary actionable facts are the magnitudes of the reported share and option activity and the disclosed vesting timetable.
TL;DR: Filing shows compliance with Section 16 disclosures and documents a 10b5-1 plan and vesting schedule.
The submission includes signature by an attorney-in-fact and cites the 10b5-1 plan date, satisfying common procedural transparency expectations for executive trades. It provides explicit vesting terms for the option (commencement 03/16/2021; 25% after one year; remaining vest monthly over 36 months) and an expiration date of 03/15/2031. From a governance perspective, the filing contains the standard elements: reporting person identity and role (Director and CFO), transaction dates, volumes, prices, and the plan reference. No additional governance or compliance exceptions are stated in the document.