Karyopharm (KPTI) CMO logs pre-planned tax-related sale of 449 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Karyopharm Therapeutics EVP & Chief Medical Officer Reshma Rangwala reported a small, non-discretionary sale of common stock tied to taxes on vested equity. On April 21, 2026, a broker-assisted sale of 449 shares of common stock was executed at $8.94 per share.
According to the disclosure, this trade was carried out under a durable automatic sale instruction plan adopted on April 4, 2022 and was used to satisfy withholding tax liability from the vesting of restricted stock units. After this transaction, Rangwala directly holds 56,290 shares of Karyopharm common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 449 shares ($4,014)
Net Sell
1 txn
Insider
Rangwala Reshma
Role
EVP & Chief Medical Officer
Sold
449 shs ($4K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 449 | $8.94 | $4K |
Holdings After Transaction:
Common Stock — 56,290 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares sold: 449 shares
Sale price: $8.94 per share
Shares held after transaction: 56,290 shares
+2 more
5 metrics
Shares sold
449 shares
Open-market broker-assisted sale on April 21, 2026
Sale price
$8.94 per share
Price for common stock sold on April 21, 2026
Shares held after transaction
56,290 shares
Direct ownership following reported sale
Plan adoption date
April 4, 2022
Durable automatic sale instruction plan adoption
Net shares sold
449 shares
Net-sell direction in transaction summary
Key Terms
durable automatic sale instruction plan, withholding tax liability, restricted stock units, broker-assisted sale
4 terms
durable automatic sale instruction plan financial
"This transaction was effected pursuant to a durable automatic sale instruction plan adopted by the reporting person on April 4, 2022"
withholding tax liability financial
"represents a broker-assisted sale of shares to satisfy the payment of withholding tax liability incurred upon the vesting"
restricted stock units financial
"withholding tax liability incurred upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
broker-assisted sale financial
"represents a broker-assisted sale of shares to satisfy the payment of withholding tax liability"
FAQ
What did Karyopharm (KPTI) executive Reshma Rangwala report in this Form 4?
Executive Reshma Rangwala reported a small broker-assisted sale of 449 Karyopharm common shares at $8.94 per share. The transaction was linked to tax withholding obligations arising from the vesting of restricted stock units, rather than a discretionary decision to sell shares.
Why was the Karyopharm (KPTI) insider sale described as non-discretionary?
The sale was executed under a durable automatic sale instruction plan adopted on April 4, 2022. It specifically covered withholding tax liability from restricted stock unit vesting, and the filing notes the trade did not represent a discretionary decision by the reporting person to sell shares.
What is the purpose of the durable automatic sale instruction plan mentioned for Karyopharm (KPTI)?
The durable automatic sale instruction plan, adopted on April 4, 2022, governs pre-arranged broker-assisted sales. In this case, it facilitated selling 449 shares to satisfy withholding tax liabilities triggered when restricted stock units vested, reducing the need for a discretionary trade decision by the executive.