KNSA COO Tessari sells 12,048 shares at $41.56; holding drops 42.0% to 16.7K; stock up 15.4% in 90 days.
Tessari Eben, Chief Operating Officer, sold 12,048 shares at $41.56, reducing his holdings by 42.0% from 28.7K to 16.7K shares. The stock has traded favorably in recent months, up 15.4% over the past 90 days and currently near its 52-week high at $41.47 (down only 2.9% from the peak of $42.71). At the same ticker over 5 prior trades, his prior sells have consistently generated positive 90-day returns (ranging from +12.4% to +14.1% on the two measured sales), indicating his recent sales at KNSA have not preceded declines. His cross-ticker track record shows 16 prior sells with a 0.00% well-timed rate, meaning he did not sell ahead of price drops. The company's fundamentals show strong recent growth—annual revenue is up 56.6% with latest-quarter revenue of $180.9M—though it remains unprofitable on a full-year basis. This sale occurs in a context of appreciating stock price and healthy corporate momentum, without evidence of poor timing on the insider's part.