Jonathan Young - 03 Jan 2023 Form 4 Insider Report for Akero Therapeutics, Inc. (AKRO)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
05 Jan 2023, 16:56:15 UTC
Prior SEC filing
28 Dec 2022
Next SEC filing
14 Mar 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jonathan Young

Key filing fact

Jonathan Young filed Form 4 for Akero Therapeutics, Inc. (AKRO) on 05 Jan 2023.

Key facts

  • This page summarizes Jonathan Young's Form 4 filing for Akero Therapeutics, Inc. (AKRO).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 05 Jan 2023, 16:56.

Change

  • Previous filing in this sequence was filed on 28 Dec 2022.
  • Current net transaction value: -$474,163.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AKRO transaction

Common Stock

Options Exercise

Transaction value
$5,398
Shares
+8,777
Change %
+4.7%
Price
$0.6150*
Shares after
193,688
Date
03 Jan 2023
Ownership
Direct
Footnotes
F1, F2
AKRO transaction

Common Stock

Sale

Transaction value
$479,560
Shares
-8,777
Change %
-4.5%
Price
$54.64
Shares after
184,911
Date
03 Jan 2023
Ownership
Direct
Footnotes
F1, F2, F3
AKRO holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
20,000
Date
03 Jan 2023
Ownership
By EA Irrevocable Trust
Footnotes
F4
AKRO holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
20,000
Date
03 Jan 2023
Ownership
By CM Irrevocable Trust
Footnotes
F4
AKRO holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
20,000
Date
03 Jan 2023
Ownership
By JL Irrevocable Trust
Footnotes
F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AKRO transaction Derivative

Employee Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-8,777
Change %
-9.5%
Price
$0.000000
Shares after
83,321
Date
03 Jan 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,777
Exercise price
$0.6150
Footnotes
F1, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The reported transaction was effected pursuant to a Rule 10b5-1 trading plan dated June 9, 2021, previously adopted by the reporting person.

Footnote F2

Includes 2,462 shares that were acquired on December 30, 2022 pursuant to the Akero Therapeutics, Inc. 2019 Employee Stock Purchase Plan in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).

Footnote F3

The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $54.50 to $54.91, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 range set forth in footnote (3) to this Form 4.

Footnote F4

These shares are held in irrevocable trusts for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trusts. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Footnote F5

The options are vested and currently exercisable.

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