Robert Alexander - 06 Jan 2023 Form 4 Insider Report for Allakos Inc. (ALLK)

Role
Chief Executive Officer, Director
Signature
/s/ H. Baird Radford, III, by power of attorney
Issuer symbol
ALLK
Transactions as of
06 Jan 2023
Net transactions value
$0
Form type
4
Filing time
09 Jan 2023, 17:15:10 UTC
Previous filing
05 Dec 2022
Next filing
09 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALLK Common Stock Award $0 +301,575 +40% $0.000000 1,056,694 06 Jan 2023 Direct F1, F2, F3
holding ALLK Common Stock 320,300 06 Jan 2023 See footnote 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 ALLK Stock Option (Right to buy) Award $0 +462,325 $0.000000 462,325 06 Jan 2023 Common Stock 462,325 $7.20 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Alexander was awarded 301,575 restricted stock units ("RSUs") pursuant to the Company's 2018 Equity Incentive Plan on January 6, 2023, of which, 25% will vest on March 1, 2024, and the remainder of the RSUs will vest in 12 equal installments on each three month anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F2 Each RSU represents a contingent right to receive one share of Common Stock of the Issuer.
F3 Includes 7,905 shares received as a pro-rata in-kind distribution of Common Stock of the Issuer by Alta Partners Management VIII, LLC (APM VIII), without consideration, to the Reporting Person as a non-managing member of APM VIII.
F4 The shares are held by Mr. Alexander and Stacey Lee Alexander, as Trustees of the Alexander 2018 Irrevocable Descendants' Trust.
F5 The option was granted on January 6, 2023. The option vests as to one-fourth of the shares on January 6, 2024, and one forty-eighth of the shares subject to the option vest each month thereafter, subject to the Reporting Person continuing as a service provider through each such date.