Insider Cluster (3 insiders) ·Filed Feb 23, 2026

KALV

KalVista Pharmaceuticals, Inc.
BEARISH
Impact 6/10
Horizonweeks Processed7mo ago
Insider cluster: 3 insiders, $0.2M total
Actionable Insight ▼ Bearish

Monitor for upcoming 10-K or 8-K filings for potential disclosures on executive departures, slowed development timelines, or lack of partnership progress. Consider this insider selling as a cautionary signal, especially given the concentration among C-suite executives.

DirectionBearish
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
KALV ▲ +71.98% at T+60d
SHORT call ✗ call lost -71.98% · α vs SPY -63.73% · entry $15.56 → $26.76
Entry anchored
Feb 20, 03:59 PM ET
via exchange tick
T+1d
+1.35%
call -1.35% · α -0.61%
$15.77
settled 7mo ago
T+5d
+3.21%
call -3.21% · α -2.59%
$16.06
settled 7mo ago
T+20d
+6.68%
call -6.68% · α -10.63%
$16.60
settled 7mo ago
T+60d
+71.98%
call -71.98% · α -63.73%
$26.76
settled 5mo ago

Price Chart

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Executive Summary

Multiple C-suite executives at KalVista Pharmaceuticals (KALV) sold shares in a concentrated 7-day window, including the Chief Development Officer, CFO, and Chief Commercial Officer, realizing over $157,000 in total proceeds. The transactions include both cash sales and share movements (M) with no stated value, suggesting possible pre-arranged 10b5-1 plans or equity settlements. The cluster of insider selling by top executives raises caution despite lack of explicit negative filing disclosures.

Key Financial Metrics

Direction
selling
Total Value
$157.1K
Insiders
3

Key Facts

  • Chief Development Officer Christopher Yea sold 4,347 shares for $67,669.
  • CFO Brian Piekos sold 1,767 shares for $27,507.
  • Chief Commercial Officer Nicole Sweeny sold 3,975 shares for $61,878.
  • Total cash proceeds from insider sales: $157,054.
  • All cash sales occurred at $15.5668 per share on 2026-02-23.
  • Additional non-cash 'M' transactions (likely share releases or plan dispositions) totaling 18,125 shares across the three executives.

Financial Impact

$157,054 in insider selling over 7 days

insider ownershipinvestor sentimentpotential dilution signal

Risk Factors

  • Insider selling may indicate lack of confidence in near-term prospects.
  • Potential for negative newsflow ahead (e.g., trial delays, funding concerns) not yet public.
  • Non-cash 'M' transactions could signal broader equity disposition plans.

Market Snapshot

Exchange
Nasdaq

Investment Themes

Biotech & Drug Discovery

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (8 trades, 7d window)cluster-KALV-1771980228290
12 reports for KALV
Performance horizon
60% Hit rate 3 of 5 directional calls best @ T+5▲ +4.15%Apr 17, 2026
Filters
Rows
Reports for KALV — sortable, filterable
TypeNow
Jun 22, 2026
14w ago
15-12G
BEARISH ★ 7/10
—awaiting T+1——
Jun 17, 2026
15w ago
EFFECT
NEUTRAL ★ 3/10
$27.00 awaiting T+1awaiting T+1——
Jun 11, 2026
16w ago
8-K
NEUTRAL ★ 5/10
$26.99 awaiting T+1awaiting T+1——
Jun 11, 2026
16w ago
Institutional Cluster
NEUTRAL ★ 2/10
$27.00 $27.00· 0.00%▼ −0.54%—
May 19, 2026
19w ago
Insider Cluster
BEARISH ★ 5/10
$26.81 $26.77▲ +0.15%▲ +0.34%—
May 19, 2026
19w ago
Insider Cluster
NEUTRAL ★ 2/10
$26.81 $26.77▼ −0.15%▼ −0.34%—
Apr 29, 2026
22w ago
8-K
BULLISH ★ 8/10
$26.67 $26.66▼ −0.04%▼ −1.06%—
Apr 17, 2026
24w ago
Insider Cluster
BEARISH ★ 6/10
$20.48 $20.87▼ −1.90%▼ −2.10%—
Feb 23, 2026
31w ago
Insider Cluster
BEARISH ★ 6/10
$15.56 $15.77▼ −1.35%▼ −0.61%—
Feb 23, 2026
31w ago
Insider Cluster
BEARISH ★ 7/10
$15.56 $15.77▼ −1.35%▼ −0.61%—
Showing 10 of 12

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Report published Feb 25, 2026