Krish S. Krishnan - Feb 26, 2025 Form 4 Insider Report for Krystal Biotech, Inc. (KRYS)

Signature
/s/ Krish S. Krishnan
Stock symbol
KRYS
Transactions as of
Feb 26, 2025
Transactions value $
-$7,842,052
Form type
4
Date filed
2/28/2025, 06:58 PM
Previous filing
Dec 13, 2024
Next filing
Mar 13, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KRYS Common Stock Tax liability -$833K -4.72K -0.31% $176.39 1.53M Feb 26, 2025 Direct F1, F2
transaction KRYS Common Stock Options Exercise $0 +12.5K +0.82% $0.00 1.55M Feb 28, 2025 Direct F3
transaction KRYS Common Stock Tax liability -$1.04M -5.79K -0.37% $179.25 1.54M Feb 28, 2025 Direct F4, F5
transaction KRYS Common Stock Options Exercise $0 +8.75K +0.57% $0.00 1.55M Feb 28, 2025 Direct F6
transaction KRYS Common Stock Tax liability -$726K -4.05K -0.26% $179.25 1.54M Feb 28, 2025 Direct F5, F7
transaction KRYS Common Stock Options Exercise $0 +26.3K +1.7% $0.00 1.57M Feb 28, 2025 Direct F8
transaction KRYS Common Stock Tax liability -$2.18M -12.1K -0.77% $179.25 1.56M Feb 28, 2025 Direct F5, F9
transaction KRYS Common Stock Options Exercise $0 +7.5K +0.51% $0.00 1.48M Feb 28, 2025 By Spouse F10, F11, F12
transaction KRYS Common Stock Tax liability -$622K -3.47K -0.23% $179.25 1.48M Feb 28, 2025 By Spouse F5, F11, F12, F13
transaction KRYS Common Stock Options Exercise $0 +22.5K +1.52% $0.00 1.5M Feb 28, 2025 By Spouse F11, F12, F14
transaction KRYS Common Stock Tax liability -$1.87M -10.4K -0.69% $179.25 1.49M Feb 28, 2025 By Spouse F5, F11, F12, F15
transaction KRYS Common Stock Tax liability -$580K -3.29K -0.22% $176.39 1.49M Feb 26, 2025 By Spouse F2, F11, F12, F16
holding KRYS Common Stock 90K Feb 26, 2025 By Krishnan Spousal Trust
holding KRYS Common Stock 50K Feb 26, 2025 By Krishnan Family Trust F17

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KRYS Performance Stock Units Options Exercise $0 -12.5K -100% $0.00 0 Feb 28, 2025 Common Stock 12.5K Direct F3
transaction KRYS Restricted Stock Units Options Exercise $0 -8.75K -25% $0.00 26.3K Feb 28, 2025 Common Stock 8.75K Direct F6
transaction KRYS Performance Stock Units Options Exercise $0 -26.3K -50% $0.00 26.3K Feb 28, 2025 Common Stock 26.3K Direct F8
transaction KRYS Stock Option (Right to Buy) Award $0 +39.3K $0.00 39.3K Feb 28, 2025 Common Stock 39.3K $179.25 Direct F18
transaction KRYS Restricted Stock Units Award $0 +22.9K $0.00 22.9K Feb 28, 2025 Common Stock 22.9K Direct F19, F20, F21
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of common stock surrendered to the Company for tax withholding upon the vesting of 10,200 shares of restricted stock on February 26, 2025. 40,800 Restricted Stock Awards ("RSAs") were granted on February 26, 2021, to the Reporting Person. Each RSA represented a contingent right to receive one share of the Company's common stock, subject to the Reporting Person's continued service to the Company on each applicable vesting date. The RSAs vested in four equal annual installments beginning on February 26, 2022.
F2 The closing price on February 26, 2025 of the Company's common stock on the Nasdaq Global Select Market.
F3 25,000 performance stock units ("PSUs") were granted on February 28, 2023. Each PSU represented a contingent right to receive one share of the Company's common stock, subject to the achievement of certain performance criteria during the year ended December 31, 2023, as approved by the Company's Compensation Committee, and the Reporting Person's continued service to the Company on each applicable vesting date following such achievement. The PSUs vest ratably over a two-year period. All of the performance criteria were achieved and one-half of the PSUs granted, or 12,500 PSUs, vested on February 28, 2024, and the other 12,500 PSUs vested on February 28, 2025.
F4 Represents the number of shares of common stock surrendered to the Company for tax withholding upon the vesting of 12,500 PSUs on February 28, 2025.
F5 The closing price on February 28, 2025 of the Company's common stock on the Nasdaq Global Select Market.
F6 35,000 restricted stock units ("RSUs") were granted on February 29, 2024. Each RSU represented a contingent right to receive one share of the Company's common stock, subject to the Reporting Person's continued service to the Company on each applicable vesting date. The RSUs vest ratably over a four-year period with the first installment, or 8,750 RSUs, vesting on February 28, 2025.
F7 Represents the number of shares of common stock surrendered to the Company for tax withholding upon the vesting of 8,750 RSUs on February 28, 2025.
F8 52,500 performance stock units ("PSUs") were granted on February 29, 2024. Each PSU represented a contingent right to receive one share of the Company's common stock, subject to the achievement of certain performance criteria during the year ended December 31, 2024, as approved by the Company's Compensation Committee, and the Reporting Person's continued service to the Company on each applicable vesting date following such achievement. The PSUs vest ratably over a two-year period. All of the performance criteria were achieved and one-half of the PSUs granted, or 26,250 PSUs, vested on February 28, 2025.
F9 Represents the number of shares of common stock surrendered to the Company for tax withholding upon the vesting of 26,250 PSUs on February 28, 2025.
F10 15,000 PSUs were granted on February 28, 2023, to the Reporting Person's spouse, Suma M. Krishnan. Each PSU represented a contingent right to receive one share of the Company's common stock, subject to the achievement of certain performance criteria during the year ended December 31, 2023, as approved by the Company's Compensation Committee, and the Reporting Person's spouse continued service to the Company on each applicable vesting date following such achievement. All of the performance criteria were achieved and one-half of the PSUs granted, or 7,500 PSUs, vested on February 28, 2024, and the other 7,500 PSUs vested on February 28, 2025.
F11 These same shares are also being reported on a Form 4 by the Reporting Person's spouse, Suma M. Krishnan.
F12 Directly beneficially owned by Suma M. Krishnan, the spouse of the Reporting Person.
F13 Represents number of shares of common stock surrendered to the Company for tax withholding by the Reporting Person's spouse, Suma M. Krishnan, upon the vesting of 7,500 PSUs on February 28, 2025.
F14 45,000 PSUs were granted on February 29, 2024, to the Reporting Person's spouse, Suma M. Krishnan. Each PSU represented a contingent right to receive one share of the Company's common stock, subject to the achievement of certain performance criteria during the year ended December 31, 2024, as approved by the Company's Compensation Committee, and the Reporting Person's spouse continued service to the Company on each applicable vesting date following such achievement. All of the performance criteria were achieved and one-half of the PSUs granted, or 22,500 PSUs, vested on February 28, 2025.
F15 Represents number of shares of common stock surrendered to the Company for tax withholding by the Reporting Person's spouse, Suma M. Krishnan, upon the vesting of 22,500 PSUs on February 28, 2025.
F16 Represents number of shares of common stock surrendered to the Company for tax withholding by the Reporting Person's spouse, Suma M. Krishnan, upon the vesting of 7,100 shares of restricted stock on February 26, 2025. 28,400 RSAs were granted on February 26, 2021, to the Reporting Person's spouse, Suma M. Krishnan. Each RSA represented a contingent right to receive one share of the Company's common stock, subject to the Reporting Person's spouse continued service to the Company on each applicable vesting date. The RSAs vested in four equal annual installments beginning on February 26, 2022.
F17 Directly beneficially owned by the Krishnan Family Trust. The Reporting Person and his spouse are each joint beneficial owners of the trust with joint voting and investment control.
F18 The option vests in four equal annual installments beginning on February 28, 2026.
F19 Each RSU represents a contingent right to receive one share of the Company's common stock, subject to the Reporting Person's continued service to the Company on each applicable vesting date.
F20 The number of RSUs in this column represents the number of shares of common stock the Reporting Person will receive assuming the Reporting Person's continued service to the Company on all applicable vesting dates.
F21 The RSUs vest in four equal annual installments with the first installment vesting on February 28, 2026.