Kiniksa (KNSA) CAO sells 6,625 shares in Rule 10b5-1 trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kiniksa Pharmaceuticals International, plc chief accounting officer Michael R. Megna reported an open-market sale of 6,625 Class A Ordinary Shares at $46.69 per share on April 9, 2026. After this transaction, he directly holds 27,418 shares. The filing notes the sale was executed under a pre-arranged Rule 10b5-1 trading plan, indicating it was scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 6,625 shares ($309,321)
Net Sell
1 txn
Insider
Megna Michael R
Role
CHIEF ACCOUNTING OFFICER
Sold
6,625 shs ($309K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Share | 6,625 | $46.69 | $309K |
Holdings After Transaction:
Class A Ordinary Share — 27,418 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 6,625 shares
Sale price per share: $46.69 per share
Shares held after transaction: 27,418 shares
+1 more
4 metrics
Shares sold
6,625 shares
Class A Ordinary Shares sold on April 9, 2026
Sale price per share
$46.69 per share
Open-market sale price for Kiniksa Class A Ordinary Shares
Shares held after transaction
27,418 shares
Direct holdings of Michael R. Megna after the sale
Transactions reported
1 sale transaction
Single open-market sale in this Form 4
Key Terms
Rule 10b5-1, open-market sale, Class A Ordinary Share, Form 4
4 terms
Rule 10b5-1 regulatory
"This transaction was effected pursuant to a 10b5-1 plan executed"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did KNSA report for Michael R. Megna?
Kiniksa’s chief accounting officer Michael R. Megna reported selling 6,625 Class A Ordinary Shares. The sale occurred on April 9, 2026 at an average price of $46.69 per share, and was executed under a pre-arranged Rule 10b5-1 trading plan.
Was the KNSA insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the transaction was effected pursuant to a Rule 10b5-1 trading plan. Such plans are pre-arranged schedules for trading, designed to allow insiders to sell shares over time without making ad hoc timing decisions.
Who is the insider involved in this Kiniksa (KNSA) Form 4 filing?
The Form 4 identifies Michael R. Megna, Kiniksa Pharmaceuticals International, plc’s chief accounting officer, as the reporting person. He reported a direct open-market sale of 6,625 Class A Ordinary Shares and continues to hold 27,418 shares after the transaction.