Andrew Cheng - Mar 4, 2024 Form 4 Insider Report for Akero Therapeutics, Inc. (AKRO)

Role
President and CEO, Director
Signature
/s/ Jonathan Young, Attorney-in-Fact
Stock symbol
AKRO
Transactions as of
Mar 4, 2024
Transactions value $
-$1,177,002
Form type
4
Date filed
3/6/2024, 08:14 PM
Previous filing
Jan 3, 2024
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKRO Common Stock Options Exercise $924K +57.7K +9.76% $16.00 649K Mar 4, 2024 Direct F1, F2
transaction AKRO Common Stock Options Exercise $364K +17.3K +2.66% $21.10 666K Mar 4, 2024 Direct F1
transaction AKRO Common Stock Sale -$1.12M -35.8K -5.38% $31.40 631K Mar 4, 2024 Direct F1, F3
transaction AKRO Common Stock Sale -$219K -6.77K -1.07% $32.28 624K Mar 4, 2024 Direct F1, F4
transaction AKRO Common Stock Sale -$325K -9.61K -1.54% $33.83 614K Mar 4, 2024 Direct F1, F5
transaction AKRO Common Stock Sale -$508K -14.7K -2.39% $34.63 600K Mar 4, 2024 Direct F1, F6
transaction AKRO Common Stock Sale -$284K -8K -1.33% $35.49 592K Mar 4, 2024 Direct F1, F7
transaction AKRO Common Stock Sale -$4.14K -114 -0.02% $36.28 591K Mar 4, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AKRO Stock Option (Right to Buy) Options Exercise $0 -57.7K -85.24% $0.00 10K Mar 4, 2024 Common Stock 57.7K $16.00 Direct F1, F8
transaction AKRO Stock Option (Right to Buy) Options Exercise $0 -17.3K -6.6% $0.00 244K Mar 4, 2024 Common Stock 17.3K $21.10 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported transactions were effected pursuant to a Rule 10b5-1 trading plan dated May 24, 2023, previously adopted by the Reporting Person
F2 Includes 505 shares acquired under the Akero Therapeutics, Inc. 2019 Employee Stock Purchase Plan on June 30, 2023.
F3 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $31.11 to $32.09, 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 ranges set forth in footnotes (3) through (7) to this Form 4.
F4 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $32.12 to $32.85, inclusive.
F5 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $33.19 to $34.18, inclusive.
F6 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $34.19 to $35.18, inclusive.
F7 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $35.245 to $36.16, inclusive.
F8 The options are vested and currently exercisable.