Form 144: Restricted stock sale notice — Kala Pharmaceuticals (NASDAQ: KALA)

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 reporting proposed sales of restricted Common Stock of KALA. The notice lists multiple restricted-stock lots with specific lot sizes and grant/vesting dates, including 01/30/2026 (2,450 shares) and 06/11/2025 (1,400 shares).

The filing lists additional restricted-stock lots (e.g., 397; 1,261; 800; 222; 221; 1,100 shares) tied to grant or restriction dates shown in the table. The filing is a broker notice of proposed sales under Rule 144; timing and aggregate proceeds are not stated in the provided excerpt.

Insights

Securities Compliance Lawyer

Rule 144 notice for proposed resale of restricted shares; procedural compliance is the core action.

The filing lists multiple restricted Common Stock lots for KALA with grant/restriction dates such as 06/11/2025 and 01/30/2026 and per‑lot share counts (for example, 2,450 and 1,400 shares). The form functions as a broker notice under resale rules.

Final sale timing, aggregate amount, and purchaser details are not included in the excerpt; subsequent filings or broker confirmations would show execution and proceeds. Continued compliance with holding‑period and public‑information conditions under Rule 144 will determine whether the sales are permitted.

Capital Markets Associate

Administrative resale filing; market impact depends on actual sales, not the notice itself.

The entry lists multiple restricted‑stock lots by date and share count (examples: 01/30/2026 — 2,450 shares; 06/11/2025 — 1,400 shares). The form notifies the broker and regulator of intent to sell under Rule 144 constraints.

Because the form does not state aggregate proceeds or execution method, the economic effect hinges on whether and when the broker executes sales and whether selling holders satisfy holding‑period and public information conditions.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	9112	2857.52	8209725	03/12/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	06/11/2025	Restricted Stock	Issuer			1400	06/11/2025	Not Applicable
Common	01/30/2026	Restricted Stock	Issuer			2450	01/30/2026	Not Applicable
Common	05/31/2025	Restricted Stock	Issuer			397	05/31/2025	Not Applicable
Common	06/22/2025	Restricted Stock	Issuer			1261	06/22/2025	Not Applicable
Common	05/31/2025	Restricted Stock	Issuer			800	05/31/2025	Not Applicable
Common	05/31/2025	Restricted Stock	Issuer			222	05/31/2025	Not Applicable
Common	05/31/2024	Restricted Stock	Issuer			221	05/31/2024	Not Applicable
Common	06/11/2024	Restricted Stock	Issuer			1100	06/11/2024	Not Applicable
Common	06/22/2024	Restricted Stock	Issuer			1261	06/22/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the KALA Form 144 filing mean?

It notifies a broker of proposed sales of restricted Common Stock for KALA. The filing lists specific restricted lots and dates, which signal intent to resell but do not confirm actual sales or proceeds.

Which lots of KALA restricted stock are listed on this Form 144?

The filing lists multiple restricted‑stock lots with dates and counts, including 01/30/2026 for 2,450 shares and 06/11/2025 for 1,400 shares. Other lot counts are shown in the table.

Does this Form 144 mean the shares have been sold?

No; Form 144 is a notice of intent to sell under Rule 144. It does not confirm execution, aggregate proceeds, or buyer details. Actual sales may follow in separate trade reports or disclosures.

Who filed the Form 144 for KALA and what role did they list?

The broker listed is Morgan Stanley Smith Barney LLC, shown on the form as the submitting broker for proposed resale transactions. The filing records broker and security lot details but not execution outcomes.