Kura Oncology (KURA) CLO reports PSU vesting and share sale
Rhea-AI Filing Summary
Kura Oncology, Inc. (KURA) reported insider equity activity by its Chief Legal Officer on a Form 4. On 11/13/2025, 48,900 shares of common stock were acquired at a price of $0, reflecting vesting tied to performance-based restricted stock units (PSUs). On 11/14/2025, 8,804 shares were sold at $11.1769 in a sell-to-cover transaction for taxes related to this vesting. These PSUs were granted on May 31, 2023 and vest based on specified development milestones and continued service. Following the reported transactions, the officer beneficially owned 188,139 shares of Kura Oncology common stock directly.
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FAQ
What insider transaction did Kura Oncology (KURA) disclose in this Form 4?
The filing shows that Kura Oncology's Chief Legal Officer acquired 48,900 shares of common stock at $0 on 11/13/2025 through the vesting of performance-based restricted stock units and sold 8,804 shares at $11.1769 on 11/14/2025 in a sell-to-cover transaction for taxes.
Who is the reporting person in the Kura Oncology (KURA) Form 4 and what is their role?
The reporting person is Teresa Bair, who is identified as an Officer of Kura Oncology with the title Chief Legal Officer.
How many Kura Oncology (KURA) shares does the insider own after the reported transactions?
After the reported acquisition and sale transactions, the Chief Legal Officer beneficially owned 188,139 shares of Kura Oncology common stock in direct ownership.
What triggered the vesting of performance-based restricted stock units in Kura Oncology (KURA)?
The vesting was triggered when the performance criteria for one specified development milestone were determined to be met on November 13, 2025, resulting in the vesting of 1/6th of the underlying PSU shares originally granted on May 31, 2023.
Why were 8,804 Kura Oncology (KURA) shares sold in this Form 4?
The 8,804 shares were sold under transaction code S as a sell-to-cover for taxes associated with the vesting of 1/6th of the underlying shares of performance-based restricted stock units.
What type of equity award is involved in the Kura Oncology (KURA) Form 4?
The transaction involves performance-based restricted stock units (PSUs), where each PSU represents the contingent right to receive one share of Kura Oncology common stock based on specified development milestones and continued service through each vesting date.
Is the Kura Oncology (KURA) Form 4 filed by one or multiple reporting persons?
The Form 4 is indicated as being filed by one reporting person, not by a group.