Lukas Scheibler - Dec 1, 2023 Form 4 Insider Report for Apellis Pharmaceuticals, Inc. (APLS)

Role: Chief Research Officer
Signature: /s/ David Watson, attorney-in-fact for Lukas Scheibler
Stock symbol: APLS
Transactions as of: Dec 1, 2023
Transactions value $: -$461,500
Form type: 4
Date filed: 12/5/2023, 07:40 PM
Previous filing: Sep 7, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	APLS	Common Stock	Options Exercise	$139K	+10K	+14.64%	$13.85	78.3K	Dec 1, 2023	Direct	F1
transaction	APLS	Common Stock	Sale	-$600K	-10K	-12.77%	$60.00	68.3K	Dec 1, 2023	Direct	F1

Showing 1 to 2 of 2 entries

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	-10K	-20.25%	$0.00	39.4K	Dec 1, 2023	Common Stock	10K	$13.85	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	This is a scheduled exercise and sale from 10B5-1 trading plan.
F2	This represents a stock option grant made on 02/08/2019 that vest as to 25% of the shares underlying the options on the first anniversary of the grant, with the remaining 75% of the shares underlying the options vesting in equal monthly installments thereafter through the fourth anniversary of the grant, subject to the satisfaction of a specified performance condition and continued service.