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sellModerate

Baker Bros. Advisors LP sold $1.1M of KALA

other at Kala Pharmaceuticals, Inc.. 730,408 shares at an average of $1.45, traded Sep 30, 2025, filed Oct 2, 2025.

Warning score
53
Value
$1.1M
730,408 shares
Holdings after
425,006
-616% from before
From 52-week low
0%
low $76.50, close $76.50
From 52-week high
-92%
high $981.50, as of Sep 30, 2025

Score components

  • Role
    Other
    +8
  • Trade size
    $1.1M at market
    +25
  • Share of holdings sold
    Sold 100% of holdings
    +20
  • Cluster
    No other insider selling within 14 days
    0

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -49.4%, 3m -63.9%, 6m -89.0%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

KALAOct 13, 2026 · close 0.26
Since filing Oct 2, 2025: -99.7%SPY +17.5% · excess -117.2%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001193125-25-228536, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 30, 2025SOpen-market sale
Common Stockindirect: See Footnotes
-21,376$1.60$34k97,120Oct 2, 2025
Sep 30, 2025SOpen-market sale
Common Stockindirect: See Footnotes
-195,425$1.60$312k887,973Oct 2, 2025
Oct 1, 2025SOpen-market sale
Common Stockindirect: See Footnotes
-50,640$1.38$70k46,480Oct 2, 2025
Oct 1, 2025SOpen-market sale
Common Stockindirect: See Footnotes
-462,967$1.38$641k425,006Oct 2, 2025

Related signals

Other insiders at Kala Pharmaceuticals, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
56Moderate
KALAsell 5
Kala Pharmaceuticals, Inc.
Todd Bazemore
SEE REMARKS
$40k
47,768 shares
-57%
56Moderate
KALAsell 5
Kala Pharmaceuticals, Inc.
Romulus K Brazzell
SEE REMARKS
$39k
46,748 shares
-57%
61Notable
KALAsell 5
Kala Pharmaceuticals, Inc.
Mark T Iwicki
CHIEF EXECUTIVE OFFICER
$125k
154,894 shares
-60%
62Notable
KALAsell 5
Kala Pharmaceuticals, Inc.
Mary Reumuth
CHIEF FINANCIAL OFFICER
$28k
33,197 shares
-53%
40Moderate
KALAsell 5
Kala Pharmaceuticals, Inc.
Darius Kharabi
CHIEF BUSINESS OFFICER
$17k
20,806 shares
-33%
10Weak
KALAsell 510b5-1
Kala Pharmaceuticals, Inc.
Todd Bazemore
SEE REMARKS
$16k
4,058 shares
-5%
10Weak
KALAsell 510b5-1
Kala Pharmaceuticals, Inc.
Romulus K Brazzell
SEE REMARKS
$21k
5,251 shares
-6%
17Weak
KALAsell 510b5-1
Kala Pharmaceuticals, Inc.
Mark T Iwicki
CHIEF EXECUTIVE OFFICER
$53k
13,227 shares
-5%
17Weak
KALAsell 510b5-1
Kala Pharmaceuticals, Inc.
Mary Reumuth
CHIEF FINANCIAL OFFICER
$15k
3,631 shares
-6%
10Weak
KALAsell 510b5-1
Kala Pharmaceuticals, Inc.
Darius Kharabi
CHIEF BUSINESS OFFICER
$18k
4,511 shares
-7%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.