Kiniksa (KNSA) director Quart exercises options and sells 6,901 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kiniksa Pharmaceuticals International, plc director Barry D. Quart exercised stock options and sold the resulting shares in a planned transaction. On April 6, 2026, he exercised options for 6,901 Class A Ordinary Shares at $14.33 per share, then sold the same 6,901 shares at a weighted average price around $50.00 under a pre-arranged Rule 10b5-1 trading plan. His direct ownership of Class A Ordinary Shares remained at 12,546 shares after the transactions, while his remaining option position decreased by the exercised amount.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 6,901 shares ($345,050)
Net Sell
3 txns
Insider
Quart Barry D
Role
Director
Sold
6,901 shs ($345K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Share Option | 6,901 | $0.00 | -- |
| Exercise | Class A Ordinary Share | 6,901 | $14.33 | $99K |
| Sale | Class A Ordinary Share | 6,901 | $50.00 | $345K |
Holdings After Transaction:
Share Option — 26,336 shares (Direct);
Class A Ordinary Share — 19,447 shares (Direct)
Footnotes (1)
- This transaction was effected pursuant to a 10b5-1 plan executed by the reporting person on September 11, 2025. This transaction was executed in multiple trades through a broker-dealer at prices ranging between $50.00 and $50.015. The price reported in this column reflects a weighted average sales price. Upon request, the reporting person will provide to the SEC staff full information regarding the number of Shares sold at each price. The option is fully vested and exercisable.
Key Figures
Options exercised: 6,901 shares
Exercise price: $14.33 per share
Shares sold: 6,901 shares
+3 more
6 metrics
Options exercised
6,901 shares
Share options exercised on April 6, 2026
Exercise price
$14.33 per share
Price paid to exercise options
Shares sold
6,901 shares
Class A Ordinary Shares sold on April 6, 2026
Sale price range
$50.00–$50.015
Prices for broker-executed trades; weighted average about $50.00
Direct shares after sale
12,546 shares
Class A Ordinary Shares directly owned after transactions
Options remaining
26,336 options
Share options outstanding after the derivative transaction
Key Terms
Rule 10b5-1, weighted average sales price, Class A Ordinary Shares, Share Option
4 terms
Rule 10b5-1 regulatory
"This transaction was effected pursuant to a 10b5-1 plan executed by the reporting person"
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.
weighted average sales price financial
"The price reported in this column reflects a weighted average sales price"
FAQ
What did Kiniksa (KNSA) director Barry D. Quart do in this Form 4 filing?
Barry D. Quart exercised options for 6,901 Class A Ordinary Shares at $14.33 and sold the same 6,901 shares around $50.00. This is an exercise-and-sell transaction rather than a fresh market purchase.
Was the KNSA insider sale by Barry D. Quart part of a Rule 10b5-1 plan?
Yes. The filing states the transaction was effected under a Rule 10b5-1 trading plan executed on September 11, 2025. Such plans pre-schedule trades, making the timing more routine and less discretionary.
What prices were involved in Barry D. Quart’s KNSA transactions?
He exercised options at an exercise price of $14.33 per share and sold the resulting 6,901 shares at prices ranging between $50.00 and $50.015, with a reported weighted average sales price near $50.00.
Did Barry D. Quart retain any Kiniksa stock options after this Form 4 event?
Yes. After exercising 6,901 options, the Form 4 shows 26,336 share options following the derivative transaction. The footnotes also note that the option involved was fully vested and exercisable.