Kiniksa trust converts 900,000 Class B shares
Kiniksa Pharmaceuticals International, plc reported that trusts associated with Chairman and CEO Sanj K. Patel adjusted their holdings of ordinary shares.
Rhea-AI Filing Summary
Kiniksa Pharmaceuticals International, plc reported that trusts associated with Chairman and CEO Sanj K. Patel adjusted their holdings of ordinary shares. The Anglia 2013 Revocable Trust converted 900,000 Class B Ordinary Shares into 900,000 Class A Ordinary Shares at a stated price of $0.00 per share, a non-cash derivative conversion rather than a market trade.
After this conversion, the Anglia 2013 Revocable Trust holds 951,794 Class A Ordinary Shares and 626,160 Class B Ordinary Shares. Separate family trusts report indirect holdings of 76,174 and 109,795 Class A Ordinary Shares. The filing reflects changes in share classes held through family trusts, not open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
900,000 shares exercised/converted
Exercise
4 txns
Insider
Patel Sanj K
Role
CHAIRMAN & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Ordinary Shares | 900,000 | $0.00 | $0.00 |
| Conversion | Class A Ordinary Share | 900,000 | $0.00 | $0.00 |
| holding | Class A Ordinary Share | -- | -- | -- |
| holding | Class A Ordinary Share | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 626,160 contracts (Indirect, The Anglia 2013 Revocable Trust);
Class A Ordinary Share — 951,794 shares (Indirect, The Anglia 2013 Revocable Trust);
Class A Ordinary Share — 109,795 shares (Indirect, Held by The Marina 2016 Irrevocable Trust, u/d/t June 23, 2016);
Class A Ordinary Share — 76,174 shares (Indirect, Held by The Patel Family Irrevocable Trust of 2025)
Footnotes (1)
- F1. Each share of Class B Ordinary Shares is convertible at any time at the election of the holder, subject to certain contractual arrangements entered into between the Reporting Person and the Issuer, into one share of Class A Ordinary Shares or one share of Class B1 Ordinary Shares and will automatically convert into Class A Ordinary Shares upon transfer to an unaffiliated party.
Key Figures
Converted shares: 900,000 shares
Conversion price: $0.00 per share
Class A held by Anglia trust: 951,794 shares
+3 more
6 metrics
Converted shares
900,000 shares
Class B Ordinary Shares converted into Class A Ordinary Shares
Conversion price
$0.00 per share
Stated transaction price for the 900,000-share conversion
Class A held by Anglia trust
951,794 shares
Post-conversion Class A Ordinary Shares, Anglia 2013 Revocable Trust
Class B held by Anglia trust
626,160 shares
Post-conversion Class B Ordinary Shares, Anglia 2013 Revocable Trust
Class A held by Patel Family Irrevocable Trust
76,174 shares
Indirect Class A Ordinary Shares position
Class A held by Marina 2016 Irrevocable Trust
109,795 shares
Indirect Class A Ordinary Shares position
Key Terms
Class A Ordinary Share, Class B Ordinary Shares, conversion of derivative security, irrevocable trust, +1 more
5 terms
conversion of derivative security financial
"transaction_code_description: Conversion of derivative security"
irrevocable trust financial
"Held by The Patel Family Irrevocable Trust of 2025"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
revocable trust financial
"nature_of_ownership: The Anglia 2013 Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kiniksa (KNSA) disclose in this Form 4 for Sanj K. Patel?
Kiniksa disclosed that trusts associated with Chairman and CEO Sanj K. Patel converted 900,000 Class B Ordinary Shares into Class A Ordinary Shares, and reported updated indirect holdings across several family trusts holding Class A and Class B shares.
What indirect Kiniksa (KNSA) holdings do other Patel family trusts report?
The filing shows The Patel Family Irrevocable Trust of 2025 holding 76,174 Class A Ordinary Shares and The Marina 2016 Irrevocable Trust holding 109,795 Class A Ordinary Shares. These positions are reported as indirect holdings associated with Sanj K. Patel.
AI-generated analysis. How Rhea-AI works. Not financial advice.
