FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Ignelzi Troy A.
2. Issuer Name and Ticker or Trading Symbol

Karuna Therapeutics, Inc. [ KRTX ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Financial Officer
(Last)          (First)          (Middle)

C/O KARUNA THERAPEUTICS, INC., 33 ARCH ST STE 3110
3. Date of Earliest Transaction (MM/DD/YYYY)

11/6/2020
(Street)

BOSTON, MA 02110-1424
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/6/2020  M  564 A$9.2 5564 D  
Common Stock 11/6/2020  S  564 D$108.15 5000 D  
Common Stock 11/9/2020  M  8000 A$9.2 13000 D  
Common Stock 11/9/2020  S(1)  8000 D$105.02 5000 D  
Common Stock 11/9/2020  M  1318 A$9.2 6318 D  
Common Stock 11/9/2020  S  1318 D$108.26 (2)5000 D  
Common Stock 11/10/2020  M  118 A$9.2 5118 D  
Common Stock 11/10/2020  S  118 D$103.48 5000 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Option (right to buy) $9.20 11/6/2020  M     564  3/1/2020 3/21/2029 Common Stock 564 $0 235230 D  
Option (right to buy) $9.20 11/9/2020  M     8000  3/1/2020 3/21/2029 Common Stock 8000 $0 227230 D  
Option (right to buy) $9.20 11/9/2020  M     1318  3/1/2020 3/21/2029 Common Stock 1318 $0 225912 D  
Option (right to buy) $9.20 11/10/2020  M     118  3/1/2020 3/21/2029 Common Stock 118 $0 225794 D  

Explanation of Responses:
(1) The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
(2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $108.05 to $109.08, inclusive. The reporting person undertakes to provide to Karuna Therapeutics, Inc., any security holder of Karuna Therapeutics, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (2) to this Form 4.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Ignelzi Troy A.
C/O KARUNA THERAPEUTICS, INC.
33 ARCH ST STE 3110
BOSTON, MA 02110-1424


Chief Financial Officer

Signatures
/s/ Troy Ignelzi11/10/2020
**Signature of Reporting PersonDate

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