Karyopharm (KPTI) insider: PSUs vest on SENTRY enrollment; small tax-driven sale
Rhea-AI Filing Summary
Kristin Abate, Chief Accounting Officer of Karyopharm Therapeutics Inc. (KPTI), reported the vesting of performance-based restricted stock units and a small subsequent sale. On September 12, 2025 the company certified that the clinical milestone for complete enrollment in its Phase 3 SENTRY trial had been achieved, resulting in 46 earned PSUs (each convertible into one share) which vested that day. The reporting line shows 10,431 shares beneficially owned following vesting (including 922 shares acquired via the ESPP on April 30, 2025). On September 15, 2025 the reporting person sold 23 shares at $6.43 per share under a pre-established automatic sale instruction to satisfy tax withholding obligations.
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Insights
TL;DR: Routine insider vesting and tax-driven sale tied to a certified clinical trial enrollment milestone.
The filing documents the conversion of 46 performance-based RSUs into vested shares following certification that the Phase 3 SENTRY trial reached complete enrollment. That operational milestone is company-identified and triggered the PSU payout; the insider retained the vast majority of shares and executed a small, non-discretionary sale of 23 shares at $6.43 to cover withholding taxes. For investors, this is an administrative insider event rather than a directional trading signal.
TL;DR: Proper disclosure of vested PSUs and a pre-arranged sale plan demonstrates standard governance and tax compliance.
The filing indicates the Compensation Committee certified a clinical enrollment milestone that materially satisfied vesting conditions for performance RSUs awarded in February 2023. The sale of a small number of shares was executed under a previously adopted durable automatic sale instruction, which the filing discloses. The form is complete, signed by an attorney-in-fact, and follows required Section 16 reporting conventions.