KALA BIO (KALA) Proxy Filing summary

Related party transactions

• Entered into a settlement with Baker Bros. Advisors LP, issuing 900,000 shares to resolve claims related to participation rights under prior financing arrangements; Baker Bros. now beneficially owns 5,407,359 shares as of December 30, 2025.

• Baker Bros. granted an irrevocable proxy to vote settlement and specified shares in line with board recommendations for six months.

• Settled payment obligations to LifeSci Capital LLC by issuing 2,200,000 shares of Common Stock for financial advisory services.

Shareholder rights and capital structure

• Number of outstanding shares updated to 27,849,725 as of December 30, 2025, reflecting new issuances and settlements.

Voting matters and shareholder proposals

• Supplement deemed solicitation material for votes on matters described in the Proxy Statement for the 2025 Annual Meeting.

• Directors, executive officers, and employees may be considered participants in proxy solicitation for stockholder approvals.