Alec Machiels - Sep 15, 2023 Form 4 Insider Report for Apellis Pharmaceuticals, Inc. (APLS)

Role
Director
Signature
/s/ David Watson, attorney-in-fact for Alec Machiels
Stock symbol
APLS
Transactions as of
Sep 15, 2023
Transactions value $
-$53,338
Form type
4
Date filed
9/18/2023, 04:24 PM
Previous filing
Jul 24, 2023
Next filing
Sep 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction APLS Common Stock Options Exercise $3.34K +1.25K +0.34% $2.67* 369K Sep 15, 2023 Direct F1
transaction APLS Common Stock Sale -$56.7K -1.25K -0.34% $45.34 367K Sep 15, 2023 Direct F1
holding APLS Common Stock 250K Sep 15, 2023 Indirect Owner (Bauhaus 1 LLC) F2
holding APLS Common Stock 12K Sep 15, 2023 Indirect Owner (Owned by Spouse) F3
holding APLS Common Stock 150K Sep 15, 2023 Indirect Owner (Spouse Trust) 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 APLS Stock Option (Right to Buy) Options Exercise $0 -1.25K -25% $0.00 3.75K Sep 15, 2023 Common Stock 1.25K $2.67 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 This is a scheduled exercise and sale from 10B5-1 trading plan.
F2 The shares are held by Bauhaus 1 LLC, which LLC is held by The Irrevocable Agreement of Trust of Alec Machiels (the "Trust"). The reporting person is the managing member of Bauhaus 1 LLC and the trustee of the Trust.
F3 Owned by spouse.
F4 On September 7, 2021, the reporting person's spouse transferred 150,000 shares of Apellis Pharmaceuticals, Inc. common stock to her trust, of which the reporting person is the trustee.
F5 This option was granted on December 5, 2013 and fully vested.