Patel Sanj K 4
4 · Kiniksa Pharmaceuticals International, plc · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
Kiniksa (KNSA) CEO Sanj K. Patel Exercises Options, Sells 508,339 Shares
What Happened
- Sanj K. Patel, Chairman & CEO of Kiniksa Pharmaceuticals (KNSA), exercised optioned shares and sold the resulting shares across April 28–30, 2026. He exercised a total of 508,339 shares (multiple option tranches) by paying roughly $6.84M and sold the 508,339 shares in multiple block trades for total proceeds of about $26.42M. The net cash from these transactions is approximately $19.58M. The filing shows option exercises (transaction code M) immediately followed by open-market sales (transaction code S).
Key Details
- Dates: Transactions reported for 2026-04-28 through 2026-04-30; Form 4 filed 2026-04-30.
- Exercises (paid): 508,339 shares total — examples: 431,904 @ $10.36 ($4,474,525) and 51,750 + 22,544 + 2,141 @ $30.93 (total $2,364,135); total exercise cost ≈ $6,838,660.
- Sales (proceeds): 508,339 shares total sold in multiple trades — aggregated proceeds ≈ $26,415,227 (per-line weighted averages shown in filing).
- Net proceeds: ≈ $19,576,567 (proceeds minus exercise cost).
- Footnotes: Filing notes at least some transactions were effected pursuant to a 10b5-1 plan executed Oct 31, 2025. Sales were executed in multiple trades at the price ranges reported (per footnotes). The options exercised were fully vested (per filing).
- Shares owned after transaction: not specified in the materials provided in this summary (refer to the Form 4 for the reported post-transaction holdings).
- Transaction codes: M = option exercise/conversion; S = open-market sale.
Context
- The pattern—exercising vested options and immediately selling the resulting shares—functions like a cashless exercise (exercise then sale) and is commonly used to cover exercise cost/taxes or monetize vested equity. This filing is factual reporting of those actions; it does not state the insider’s motives.
Insider Transaction Report
Form 4
Patel Sanj K
DirectorCHAIRMAN & CEO
Transactions
- Exercise/Conversion
Class A Ordinary Share
[F1]2026-04-28$10.36/sh+431,904$4,474,525→ 431,904 total - Exercise/Conversion
Class A Ordinary Share
[F1]2026-04-28$30.93/sh+51,750$1,600,628→ 483,654 total - Sale
Class A Ordinary Share
[F1][F2]2026-04-28$50.43/sh−74,635$3,763,843→ 409,019 total - Sale
Class A Ordinary Share
[F1][F3]2026-04-28$51.47/sh−113,673$5,850,749→ 295,346 total - Sale
Class A Ordinary Share
[F1][F4]2026-04-28$52.02/sh−243,596$12,671,864→ 51,750 total - Sale
Class A Ordinary Share
[F1][F5]2026-04-28$54.02/sh−51,750$2,795,535→ 0 total - Exercise/Conversion
Class A Ordinary Share
[F1]2026-04-29$30.93/sh+22,544$697,286→ 22,544 total - Sale
Class A Ordinary Share
[F1][F6]2026-04-29$54.01/sh−22,544$1,217,601→ 0 total - Exercise/Conversion
Class A Ordinary Share
[F1]2026-04-30$30.93/sh+2,141$66,221→ 2,141 total - Sale
Class A Ordinary Share
[F1][F7]2026-04-30$54.01/sh−2,141$115,635→ 0 total - Exercise/Conversion
Share Option
[F1][F8]2026-04-28−431,904→ 0 totalExercise: $10.36Exp: 2028-02-29→ Class A Ordinary Share (431,904 underlying) - Exercise/Conversion
Share Option
[F1][F8]2026-04-28−51,750→ 73,250 totalExercise: $30.93Exp: 2028-09-19→ Class A Ordinary Share (51,750 underlying) - Exercise/Conversion
Share Option
[F1][F8]2026-04-29−22,544→ 50,706 totalExercise: $30.93Exp: 2028-09-19→ Class A Ordinary Share (22,544 underlying) - Exercise/Conversion
Share Option
[F1][F8]2026-04-30−2,141→ 48,565 totalExercise: $30.93Exp: 2028-09-19→ Class A Ordinary Share (2,141 underlying)
Holdings
- 76,174(indirect: By Trust)
Class A Ordinary Share
- 109,795(indirect: By Trust)
Class A Ordinary Share
- 51,794(indirect: By Trust)
Class A Ordinary Share
Footnotes (8)
- [F1]This transaction was effected pursuant to a 10b5-1 plan executed by the reporting person on October 31, 2025.
- [F2]This transaction was executed in multiple trades through a broker-dealer at prices ranging between $50.00 and $50.985. 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.
- [F3]This transaction was executed in multiple trades through a broker-dealer at prices ranging between $51.00 and $51.99. 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.
- [F4]This transaction was executed in multiple trades through a broker-dealer at prices ranging between $52.00 and $52.58. 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.
- [F5]This transaction was executed in multiple trades through a broker-dealer at prices ranging between $54.00 and $54.22. 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.
- [F6]This transaction was executed in multiple trades through a broker-dealer at prices ranging between $54.00 and $54.225. 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.
- [F7]This transaction was executed in multiple trades through a broker-dealer at prices ranging between $54.00 and $54.03. 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.
- [F8]The option is fully vested and exercisable.
Signature
/s/ Douglas Barry, Attorney-in-Fact|2026-04-30