Andrew Cheng - 16 Oct 2024 Form 4 Insider Report for Akero Therapeutics, Inc. (AKRO)

Role
President and CEO, Director
Signature
/s/ Jonathan Young, Attorney-in-Fact
Issuer symbol
AKRO
Transactions as of
16 Oct 2024
Net transactions value
-$944,561
Form type
4
Filing time
18 Oct 2024, 20:57:33 UTC
Previous filing
13 Sep 2024
Next filing
05 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKRO Common Stock Options Exercise $527,331 +24,992 +4.1% $21.10 630,409 16 Oct 2024 Direct F1
transaction AKRO Common Stock Sale $778,151 -24,992 -4% $31.14 605,417 16 Oct 2024 Direct F1, F2
transaction AKRO Common Stock Options Exercise $65,473 +3,103 +0.51% $21.10 608,520 17 Oct 2024 Direct F1
transaction AKRO Common Stock Sale $96,559 -3,103 -0.51% $31.12 605,417 17 Oct 2024 Direct F1, F2
transaction AKRO Common Stock Options Exercise $1,340,673 +63,539 +10% $21.10 668,956 18 Oct 2024 Direct F1
transaction AKRO Common Stock Sale $1,996,069 -63,313 -9.5% $31.53 605,643 18 Oct 2024 Direct F1, F3
transaction AKRO Common Stock Sale $7,259 -226 -0.04% $32.12 605,417 18 Oct 2024 Direct F1, F4

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 (Righto Buy) Options Exercise $0 -24,992 -13% $0.000000 160,351 16 Oct 2024 Common Stock 185,343 $21.10 Direct F1, F5
transaction AKRO Stock Option (Righto Buy) Options Exercise $0 -3,103 -1.9% $0.000000 157,248 17 Oct 2024 Common Stock 185,343 $21.10 Direct F1, F5
transaction AKRO Stock Option (Righto Buy) Options Exercise $0 -63,539 -40% $0.000000 93,709 18 Oct 2024 Common Stock 185,343 $21.10 Direct F1, F5
* 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 25, 2023, 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 $31.10 to $31.22, 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 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 $31.10 to $32.07, 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 this Footnote.
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 $32.13, 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 this Footnote.
F5 The options are vested and currently exercisable.