SEC v. Trijya Vakil and Neeraj Visen (insider trading, 2025)

Settled

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In July 2025 the Securities and Exchange Commission charged Trijya Vakil, an Elanco Animal Health senior director on the Kindred Biosciences deal team, and her friend Neeraj Visen with insider trading: Vakil bought 500 Kindred shares for a gain of $2,447.50, and Visen, whom she tipped, bought 38,000 for $109,437. Both consented to judgments, subject to court approval, with injunctions, officer and director bars and monetary relief to be set later; both pleaded guilty in parallel criminal cases.

The record

What was ordered

Civil penalty

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Disgorgement

—

Prejudgment interest

—

Total relief

—

Alleged gain

$112k

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this matter on July 11, 2025 as release LR-26348, filing in the Southern District of New York on July 10, 2025.

The complaint alleges Vakil learned of Elanco's planned acquisition of Kindred in April 2021 when she joined the due diligence team and told Visen on June 15, 2021 that it would be announced within a day or two. Kindred's stock rose about 46 percent. The recorded gain adds the two stated figures.

For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Insider trading — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2025-07-11 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

• SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Same matter

The library links these 2 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.