Jean-Pierre Sommadossi - Sep 17, 2024 Form 4 Insider Report for Atea Pharmaceuticals, Inc. (AVIR)

Signature
/s/ Andrea Corcoran, as Attorney-in-Fact for Jean-Pierre Sommadossi
Stock symbol
AVIR
Transactions as of
Sep 17, 2024
Transactions value $
-$234,155
Form type
4
Date filed
9/19/2024, 08:02 PM
Previous filing
Jun 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVIR Common Stock Sale -$137K -33.9K -0.57% $4.05 5.89M Sep 17, 2024 Held by JPM Partners LLC F1
transaction AVIR Common Stock Sale -$89.5K -22.2K -0.38% $4.03 5.87M Sep 18, 2024 Held by JPM Partners LLC F2
transaction AVIR Common Stock Sale -$7.37K -1.84K -0.03% $4.00 5.87M Sep 19, 2024 Held by JPM Partners LLC F3
holding AVIR Common Stock 117K Sep 17, 2024 Direct
* 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.00 to $4.14. The Reporting Person undertakes to provide Atea Pharmaceuticals, Inc. (the "Company"), any security holder of the Company, 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 this footnote.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.00 to $4.0975. The Reporting Person undertakes to provide the Company, any security holder of the Company, 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 this footnote.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.00 to $4.01. The Reporting Person undertakes to provide the Company, any security holder of the Company, 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 this footnote.

Remarks:

All transactions reported herein were made pursuant to a Rule 10b5-1 trading plan dated March 4, 2024.