William Richard White - Jul 23, 2024 Form 4 Insider Report for Akero Therapeutics, Inc. (AKRO)

Role
Chief Financial Officer
Signature
/s/ Jonathan Young, Attorney-in-Fact
Stock symbol
AKRO
Transactions as of
Jul 23, 2024
Transactions value $
-$3,247,425
Form type
4
Date filed
7/25/2024, 05:54 PM
Previous filing
Jul 18, 2024
Next filing
Aug 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKRO Common Stock Options Exercise $3.5K +500 +1.2% $7.01 42.3K Jul 23, 2024 Direct F1
transaction AKRO Common Stock Sale -$14K -500 -1.18% $28.01 41.8K Jul 23, 2024 Direct F1, F2
transaction AKRO Common Stock Options Exercise $975K +139K +332.81% $7.01 181K Jul 24, 2024 Direct F1
transaction AKRO Common Stock Sale -$1.59M -59.6K -32.97% $26.71 121K Jul 24, 2024 Direct F1, F3
transaction AKRO Common Stock Sale -$2.16M -79.4K -65.53% $27.19 41.8K Jul 24, 2024 Direct F1, F4
transaction AKRO Common Stock Options Exercise $156K +22.3K +53.29% $7.01 64.1K Jul 25, 2024 Direct F1
transaction AKRO Common Stock Sale -$48.4K -1.79K -2.8% $27.00 62.3K Jul 25, 2024 Direct F1, F5
transaction AKRO Common Stock Sale -$566K -20.5K -32.89% $27.66 41.8K Jul 25, 2024 Direct F1, F6

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 -500 -0.26% $0.00 194K Jul 23, 2024 Common Stock 500 $7.01 Direct F1, F7
transaction AKRO Stock Option (Right to Buy) Options Exercise $0 -139K -71.68% $0.00 54.9K Jul 24, 2024 Common Stock 139K $7.01 Direct F1, F7
transaction AKRO Stock Option (Right to Buy) Options Exercise $0 -22.3K -40.54% $0.00 32.7K Jul 25, 2024 Common Stock 22.3K $7.01 Direct F1, F7
* 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 March 13, 2024, previously adopted by the Reporting Person.
F2 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $28.0100 to $28.0101, 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 footnote (2).
F3 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $26.3500 to $26.9200, 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 footnote (3).
F4 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $26.9300 to $27.9200, 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 footnote (4).
F5 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $26.9250 to $27.1200, 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 footnote (5).
F6 The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $27.2100 to $28.1200, 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 footnote (6).
F7 The options are vested and currently exercisable.