Kura Insider Filing: SVP Doyle Vesting Event and Sell-to-Cover Disposition
Rhea-AI Filing Summary
Kura Oncology SVP, Finance & Accounting Thomas Doyle acquired 24,966 shares of Kura common stock on 09/27/2025 at a reported price of $0, increasing his direct holdings to 114,370 shares. On 09/29/2025 he sold 4,541 shares at $8.9422 per share as a sell-to-cover transaction to satisfy taxes tied to the vesting of 1/6th of performance-based restricted stock units (PSUs). The filing notes that one performance milestone was achieved on 09/27/2025, triggering the vesting event for that tranche; the Reporting Person also reports 500 shares indirectly held in a spouse's 401(k). After the transactions the Reporting Person beneficially owns 109,829 shares.
Positive
- 24,966 shares vested on 09/27/2025, reflecting achievement of a PSU performance milestone
- Significant retained ownership after transactions: 109,829 shares beneficially owned
Negative
- 4,541 shares sold on 09/29/2025 at $8.9422 per share (sell-to-cover for taxes)
Insights
TL;DR: Insider received PSUs that vested and sold a small tranche to cover taxes, leaving substantial ownership.
The 24,966-share acquisition at a reported price of $0 represents settlement/vesting of equity awards rather than an open-market purchase; the concurrent sell-to-cover of 4,541 shares at $8.9422 is a routine tax-related disposition. Net ownership remained large at 109,829 shares, indicating continued equity alignment with shareholders. This disclosure does not provide company-level financial metrics, valuation context, or signal a change in executive control. The activity is material only to the extent it reveals milestone achievement under PSU grants.
TL;DR: Governance action: performance milestone met triggering vesting; standard sell-to-cover executed for tax withholding.
The filing documents a governance-triggered compensation event: one specified development milestone was met on 09/27/2025, causing vesting of 1/6th of PSUs granted 05/31/2023. Such milestone-based vesting is a common performance alignment mechanism. The signature and timely Form 4 filing comply with Section 16 reporting. No departures, option exercises for cash, or transfers to affiliates are disclosed. The indirect holding of 500 shares in a spouse's 401(k) is properly reported.