Brian Lian - Jan 31, 2024 Form 4 Insider Report for Viking Therapeutics, Inc. (VKTX)

Signature
/s/ Michael Morneau, as Attorney-in-Fact
Stock symbol
VKTX
Transactions as of
Jan 31, 2024
Transactions value $
-$1,996,200
Form type
4
Date filed
1/31/2024, 08:39 PM
Previous filing
Jan 30, 2024
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VKTX Common Stock, par value $0.00001 per share Options Exercise $105K +85K +3.75% $1.23* 2.35M Jan 31, 2024 Direct F1
transaction VKTX Common Stock, par value $0.00001 per share Sale -$978K -40K -1.7% $24.45 2.31M Jan 31, 2024 Direct F1
transaction VKTX Common Stock, par value $0.00001 per share Sale -$1.12M -45K -1.95% $24.95 2.26M Jan 31, 2024 Direct F1

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 VKTX Stock Option (right to buy) Options Exercise $0 -85K -85.73% $0.00 14.1K Jan 31, 2024 Common Stock 85K $1.23 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 The transactions reported in this Form 4 were effected pursuant to a Rule10b5-1 trading plan adopted by the Reporting Person on September 29, 2023.
F2 25% of the shares subject to the option vested on each one year anniversary of the grant date.