Home / Auditor changes / KALA BIO, Inc.
Filed 2025-12-29 路 Form 8-K 路 Accession 0001829126-25-010330 nano
Price before filing: $32.5 (2025-12-26 close, split/dividend-adjusted)
Market cap at flag: $4.1M (2025-12-29) 路 Latest: $14,083 (2026-10-16)
| Window | KALA | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -10.8% | +0.7% | -11.6% | 2026-01-28 |
| 90 days | -73.7% | -8.2% | -65.5% | 2026-03-30 |
| 180 days | -93.6% | +7.9% | -101.5% | 2026-06-29 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 6 insiders sold $1.3M (10 sales)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-09-30 | BAKER BROS. ADVISORS LP (+3 joint filers) Former 10% owner | Sale | 21,376 | $1.60 | $34K | no | Form 4 |
| 2025-09-30 | BAKER BROS. ADVISORS LP (+3 joint filers) Former 10% owner | Sale | 195,425 | $1.60 | $312K | no | Form 4 |
| 2025-10-01 | BAKER BROS. ADVISORS LP (+3 joint filers) Former 10% owner | Sale | 50,640 | $1.38 | $70K | no | Form 4 |
| 2025-10-01 | BAKER BROS. ADVISORS LP (+3 joint filers) Former 10% owner | Sale | 462,967 | $1.38 | $641K | no | Form 4 |
| 2025-10-22 | Bazemore Todd Director | Sale | 47,768 | $0.83 | $40K | no | Form 4 |
| 2025-10-22 | Brazzell Romulus K SEE REMARKS | Sale | 46,748 | $0.83 | $39K | no | Form 4 |
| 2025-10-22 | Kharabi Darius CHIEF BUSINESS OFFICER | Sale | 20,806 | $0.83 | $17K | no | Form 4 |
| 2025-10-22 | Reumuth Mary CHIEF FINANCIAL OFFICER | Sale | 32,230 | $0.83 | $27K | no | Form 4 |
| 2025-10-23 | Iwicki Mark T Director | Sale | 154,894 | $0.81 | $125K | no | Form 4 |
| 2025-10-23 | Reumuth Mary CHIEF FINANCIAL OFFICER | Sale | 967 | $0.82 | $793 | no | Form 4 |
| 2025-12-29: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-09-30 to 2026-01-28. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Changes in Registrant's Certifying Accountant As previously disclosed in the Company's Current Report on Form 8-K filed on December 16, 2025, the audit committee of the Company's Board of Directors approved the dismissal of Deloitte & Touche LLP as the Company's independent registered public accounting firm."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: resigned
Disagreements reported: yes
Former auditor: Deloitte & Touche LLP · New auditor: HTL International, LLC
Why this score: auditor resigned; disagreements reported; also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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