Vineet Agarwal - 11 Nov 2024 Form 4 Insider Report for Korro Bio, Inc. (KRRO)

Signature
/s/ Jeffrey Cerio, Attorney-in-fact
Issuer symbol
KRRO
Transactions as of
11 Nov 2024
Net transactions value
-$46,656
Form type
4
Filing time
12 Nov 2024, 19:40:46 UTC
Previous filing
18 Oct 2024
Next filing
05 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KRRO Common Stock Options Exercise $9,344 +800 $11.68 800 11 Nov 2024 Direct F1
transaction KRRO Common Stock Sale $56,000 -800 -100% $70.00 0 11 Nov 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 KRRO Stock Option (Right to Buy) Options Exercise $0 -800 -2.5% $0.000000 30,807 11 Nov 2024 Common Stock 800 $11.68 Direct F1, F2
* 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 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 19, 2024.
F2 The shares subject to the option vest as to 25% of the shares on May 11, 2022, with the remainder vesting in 36 equal monthly installments thereafter, subject to the Reporting Person's continued service on each such vesting date.

Remarks:

Exhibit 24.1 - Power of Attorney