Performance share awards at Kiniksa (NASDAQ: KNSA) tied to KPL-387 FDA goals
Rhea-AI Filing Summary
Kiniksa Pharmaceuticals International, plc reported that its chief strategy officer, Dhiraj H. Malkani, received several equity awards on July 1, 2026. These include performance share units, performance share options and restricted share units, each linked to Class A Ordinary Shares.
The grants comprise 1,307 and 1,245 Performance Share Units, 2,188 and 2,119 Performance Share Options with a $62.88 exercise price, 14,000 Restricted Share Units, and 82,600 Share Options also at $62.88 per share. The options expiring on June 30, 2036 generally vest over time or upon specific milestones.
Footnotes explain that RSUs vest in annual installments starting July 1, 2026, while Performance Share Units and Performance Share Options vest only if Kiniksa submits a biologics license application for KPL-387 for recurrent pericarditis and, for certain awards, if the FDA approves its commercial sale and marketing in the United States.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Share Option | 82,600 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Unit | 14,000 | $0.00 | $0.00 |
| Grant/Award | Performance Share Option | 2,119 | $0.00 | $0.00 |
| Grant/Award | Performance Share Option | 2,188 | $0.00 | $0.00 |
| Grant/Award | Performance Share Unit | 1,245 | $0.00 | $0.00 |
| Grant/Award | Performance Share Unit | 1,307 | $0.00 | $0.00 |
Footnotes (9)
- F1. The option vests and becomes exercisable as to 25% of the total grant on the first anniversary of the vesting commencement date and vests in 36 equal monthly installments thereafter. The vesting commencement date is July 1, 2026.
- F2. Each Restricted Share Unit (RSU) represents a contingent right to receive one Class A Ordinary Share of the Issuer.
- F3. The RSUs vest over a four-year period, with 25% of the RSUs vesting on each yearly anniversary of the date of the grant, July 1, 2026.
- F4. The award is subject to an earnout percentage of 100%, 75%, 50% or 0%, depending on the date of performance criteria achievement. This figure represents achievement at the 100% earnout performance achievement.
- F5. The Performance Share Options (PSO) shall vest and become exercisable, if at all, upon the submission to the U.S. Food and Drug Administration (the "FDA") of a biologics license application for KPL-387 for the treatment of recurrent pericarditis, subject to the Participant's continued employment with the Company, with certain exceptions.
- F6. The PSOs shall vest and become exercisable, if at all, upon the approval by the FDA of the commercial sale and marketing in the United States of KPL-387 for the treatment of recurrent pericarditis, subject to the Participant's continued employment with the Company, subject to certain exceptions.
- F7. Each Performance Share Unit (PSU) represents a contingent right to receive one Class A Ordinary Share of the Issuer, based upon the achievement of certain pre-established performance
- F8. The PSUs shall vest, if at all, upon the submission to the FDA of a biologics license application for KPL-387 for the treatment of recurrent pericarditis, subject to the Participant's continued employment with the Company, subject to certain exceptions.
- F9. The PSUs shall vest, if at all, upon the approval by the FDA of the commercial sale and marketing in the United States of KPL-387 for the treatment of recurrent pericarditis, subject to the Participant's continued employment with the Company, subject to certain exceptions.
Key Figures
Key Terms
biologics license application regulatory
recurrent pericarditis medical
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