Kura Oncology Insider Filing: PSU Vesting and Sell-to-Cover by COO Ford
Rhea-AI Filing Summary
Kathleen Ford, Chief Operating Officer of Kura Oncology (KURA), reported the vesting of performance-based restricted stock units after one development milestone was met on 09/27/2025. The filing shows acquisition by vesting of 48,900 shares (price $0) which increased her beneficial ownership to 70,267 shares, followed by a sell-to-cover transaction of 6,892 shares on 09/29/2025 at $8.9422 per share, leaving 63,375 shares beneficially owned. The sale is disclosed as tax withholding related to the vesting of 1/6th of the underlying PSUs from a grant dated 05/31/2023.
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Insights
TL;DR: Routine insider disclosure showing PSU vesting after a milestone and a sell-to-cover tax sale; not a material change to control.
The Form 4 documents a standard executive equity event: one of three performance milestones was met, triggering the vesting of 1/6th of PSUs granted in May 2023. The officer acquired 48,900 shares upon vesting and promptly executed a sell-to-cover of 6,892 shares to satisfy tax obligations. This disclosure is consistent with typical executive compensation mechanics and provides transparent record of the change in beneficial ownership.
TL;DR: PSU milestone achievement converted contingent awards to stock; limited dilution impact due to sell-to-cover.
The filing clarifies that each PSU converts to one common share upon milestone satisfaction and subsequent vesting events are staggered across three milestones and anniversary conditions. The immediate sell-to-cover at $8.9422 reduced the executive's post-vesting holding from 70,267 to 63,375 shares. The transaction reflects tax-withholding practice rather than a discretionary cash-raising sale, and the numbers allow assessment of the realized tax withholding magnitude relative to the vested tranche.