Xenon Pharmaceuticals (NASDAQ: XENE) grants CMO new options and RSUs

Rhea-AI Filing Summary

Xenon Pharmaceuticals Inc. reported a new equity award for its Chief Medical Officer, Christopher John Kenney. On January 9, 2026, he received a share option covering 100,000 common shares with an exercise price of $42.15 per share. This option vests 25% on January 9, 2027, with the remaining 75% vesting in equal monthly installments over the next three years, encouraging longer-term retention.

On the same date, he was also granted 20,000 restricted share units, each representing a right to receive one common share. These RSUs vest in four equal 25% installments on each of the first four anniversaries of the grant date, beginning January 9, 2027. Both awards are reported as directly owned and reflect equity-based compensation rather than any sale of existing shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KENNEY CHRISTOPHER JOHN

(Last) (First) (Middle)

3650 GILMORE WAY

(Street)

BURNABY A1 V5G 4W8

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Xenon Pharmaceuticals Inc. [ XENE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Medical Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Share Option (Right to Buy)	$42.15	01/09/2026		A		100,000		(1)	01/08/2036	Common Shares	100,000	$0	100,000	D
Restricted Share Units	$0	01/09/2026		A		20,000		(2)	(2)	Common Shares	20,000	$0	20,000	D

Explanation of Responses:

1. Vesting 25% on January 9, 2027, and 75% vesting thereafter over the course of the next 3 years, in equal amounts, on the last day of each month.

2. Each restricted share unit represents a contingent right to receive one Common Share vesting 25% on each of the first four anniversaries of the date of grant, beginning on January 9, 2027.

	/s/ Nathaniel Adams, Attorney-in-fact	01/09/2026
	** Signature of Reporting Person	Date
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FAQ

What insider equity awards were reported for Xenon Pharmaceuticals (XENE)?

The Chief Medical Officer received a share option for 100,000 common shares at an exercise price of $42.15 and 20,000 restricted share units, both granted on January 9, 2026.

Who received these option and RSU grants at Xenon Pharmaceuticals (XENE)?

The awards were granted to Christopher John Kenney, who serves as Chief Medical Officer of Xenon Pharmaceuticals Inc., and are reported as directly owned.

How do the 100,000 Xenon Pharmaceuticals options vest?

The option for 100,000 common shares vests 25% on January 9, 2027, with the remaining 75% vesting in equal monthly installments over the following three years.

What is the vesting schedule for the 20,000 Xenon Pharmaceuticals RSUs?

The 20,000 restricted share units each convert into one common share, vesting 25% on each of the first four anniversaries of the grant date, starting on January 9, 2027.

Were any Xenon Pharmaceuticals shares sold in this Form 4 filing?

No. The filing reports grants of a share option and restricted share units to the Chief Medical Officer, with no disposition of existing common shares disclosed.

Is the ownership of these Xenon Pharmaceuticals awards direct or indirect?

Both the 100,000-share option and the 20,000 RSUs are reported as directly owned by the Chief Medical Officer.