Pontifax Management 4 G.P. (2015) Ltd. - 29 Nov 2022 Form 4 Insider Report for Keros Therapeutics, Inc. (KROS)

Role
10%+ Owner
Signature
/s/ Keith Regnante, Attorney-in-Fact for Pontifax Management 4 G.P. (2015) Ltd.
Issuer symbol
KROS
Transactions as of
29 Nov 2022
Net transactions value
-$0.7176
Form type
4
Filing time
30 Nov 2022, 15:42:36 UTC
Previous filing
17 May 2021
Next filing
11 Sep 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KROS Common Stock Exercise of in-the-money or at-the-money derivative security $0.3539 -3,539 -0.15% $0.000100* 2,284,612 29 Nov 2022 See footnote F1, F2
transaction KROS Common Stock Exercise of in-the-money or at-the-money derivative security $0.1723 -1,723 -0.15% $0.000100* 1,121,045 29 Nov 2022 See footnote F1, F3
transaction KROS Common Stock Exercise of in-the-money or at-the-money derivative security $0.1914 -1,914 -0.16% $0.000100* 1,226,412 29 Nov 2022 See footnote 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 KROS Call Options (obligation to sell) Exercise of in-the-money or at-the-money derivative security $0 -3,539 -100% $0.000000* 0 29 Nov 2022 Common Stock 3,539 $0.000100 See footnote F1, F2, F5
transaction KROS Call Options (obligation to sell) Exercise of in-the-money or at-the-money derivative security $0 -1,723 -100% $0.000000* 0 29 Nov 2022 Common Stock 1,723 $0.000100 See footnote F1, F3, F5
transaction KROS Call Options (obligation to sell) Exercise of in-the-money or at-the-money derivative security $0 -1,914 -100% $0.000000* 0 29 Nov 2022 Common Stock 1,914 $0.000100 See footnote F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an exercise of a call option (obligation to sell), pursuant to a stock option agreement dated January 21, 2016, by and between the Pontifax (Israel) IV, L.P. ("Israel IV"), Pontifax (Cayman) IV, L.P. ("Cayman IV") and Pontifax (China) IV, L.P. ("China IV") and a certain securityholder.
F2 The securities are held by Israel IV. Pontifax Management 4 G.P. (2015) Ltd. ("Management 4") is the ultimate general partner of Israel IV. As a result Management 4 may be deemed to share voting and dispositive power with respect to the shares held by Israel IV. Management 4 disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise.
F3 The securities are held by Cayman IV. Management 4 is the ultimate general partner of Cayman IV. As a result Management 4 may be deemed to share voting and dispositive power with respect to the shares held by Cayman IV. Management 4 disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise.
F4 The securities are held by China IV. Management 4 is the ultimate general partner of China IV. As a result Management 4 may be deemed to share voting and dispositive power with respect to the shares held by China IV. Management 4 disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise.
F5 Fully vested and exercisable.