Andrew Cheng - 10 Sep 2025 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
10 Sep 2025
Net transactions value
-$1,253,663
Form type
4
Filing time
12 Sep 2025, 20:36:05 UTC
Previous filing
13 Aug 2025
Next filing
09 Oct 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cheng Andrew President and CEO, Director C/O AKERO THERAPEUTICS, INC., 601 GATEWAY BOULEVARD, SUITE 350, SOUTH SAN FRANCISCO /s/ Jonathan Young, Attorney-in-Fact 12 Sep 2025 0001778307

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKRO Common Stock Options Exercise $82,872 +13,022 +2.7% $6.36 503,779 10 Sep 2025 Direct F1
transaction AKRO Common Stock Options Exercise $38,131 +1,919 +0.38% $19.87 505,698 10 Sep 2025 Direct F1
transaction AKRO Common Stock Sale $968,440 -22,525 -4.5% $42.99 483,173 10 Sep 2025 Direct F1, F2
transaction AKRO Common Stock Sale $321,911 -7,317 -1.5% $44.00 475,856 10 Sep 2025 Direct F1, F3
transaction AKRO Common Stock Sale $7,050 -158 -0.03% $44.62 475,698 10 Sep 2025 Direct F1
transaction AKRO Common Stock Sale $77,264 -1,796 -0.38% $43.02 473,902 11 Sep 2025 Direct 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 (Right to Buy) Options Exercise $0 -13,022 -100% $0.000000 0 10 Sep 2025 Common Stock 13,022 $6.36 Direct F1, F5
transaction AKRO Stock Option (Right to Buy) Options Exercise $0 -1,919 -0.47% $0.000000 410,017 10 Sep 2025 Common Stock 1,919 $19.87 Direct F1, F6
* 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 August 16, 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 $42.58 to $43.57, 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 $43.58 to $44.33, 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 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. The Issuer has adopted a "sell-to-cover" policy to satisfy the tax withholding obligations of the Reporting Person. Such sales were automatic and not at the discretion of the Reporting Person.
F5 The options are vested and currently exercisable.
F6 This option shall vest and become exercisable in 48 equal monthly installments, commencing on December 8, 2023.