KURA Form 4: CEO Troy Wilson vests 182,500 shares, sells 36,615 to cover taxes
Rhea-AI Filing Summary
Troy E. Wilson, President and CEO and a director of Kura Oncology (KURA), reported the vesting of performance-based restricted stock units and a related sell-to-cover tax sale. On 09/27/2025 182,500 shares were acquired upon the vesting of 1/6th of PSUs granted May 31, 2023 (price reported $0). On 09/29/2025 the reporting person sold 36,615 shares at $8.9422 per share to cover taxes, leaving 246,853 shares held directly. The filing also shows 279,194 shares held indirectly by One Fish Two Fish Revocable Trust and 300,000 shares held indirectly by Lorax Charitable Remainder Unitrust.
Positive
- 182,500 shares vested from PSUs, increasing the reporting person's direct ownership
- Sell-to-cover transaction (36,615 shares at $8.9422) explicitly disclosed as tax-related
- Direct ownership of 246,853 shares after transactions, plus substantial indirect holdings (279,194 and 300,000 shares) disclosed
Negative
- None.
Insights
TL;DR: Routine executive vesting with a sell-to-cover tax sale; increases direct stake while some shares were sold to meet tax obligations.
The filing documents the vesting of performance-based restricted stock units that converted into 182,500 shares and a contemporaneous sell-to-cover of 36,615 shares at $8.9422 to satisfy tax withholding. Net direct ownership after these transactions is 246,853 shares. This is a standard post-vesting liquidity action rather than an open-market disposition for diversification or cash needs. The disclosure of substantial indirect holdings via two trusts (279,194 and 300,000 shares) is relevant for assessing total insider alignment with shareholders.
TL;DR: Disclosure aligns with standard Section 16 reporting; shows executive compensation vesting and routine tax-related sale.
The Form 4 clearly states the performance condition triggering vesting (one milestone achieved) and documents the sell-to-cover mechanism used to satisfy tax obligations on the vested shares. The presence of significant indirect holdings through a revocable trust and a charitable remainder unitrust should be noted by governance reviewers when evaluating insider ownership structure and related-party arrangements. No unusual transfers or unexplained dispositions are reported.