Brian Lian - 08 Feb 2024 Form 4 Insider Report for Viking Therapeutics, Inc. (VKTX)

Signature
/s/ Michael Morneau, as Attorney-in-Fact
Issuer symbol
VKTX
Transactions as of
08 Feb 2024
Net transactions value
-$6,519,417
Form type
4
Filing time
08 Feb 2024, 19:40:13 UTC
Previous filing
31 Jan 2024
Next filing
09 Feb 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 $60,367 +49,079 +2.2% $1.23* 2,313,961 08 Feb 2024 Direct F1
transaction VKTX Common Stock, par value $0.00001 per share Sale $1,263,784 -49,079 -2.1% $25.75 2,264,882 08 Feb 2024 Direct F1
transaction VKTX Common Stock, par value $0.00001 per share Options Exercise $651,000 +140,000 +6.2% $4.65 2,404,882 08 Feb 2024 Direct F1
transaction VKTX Common Stock, par value $0.00001 per share Sale $1,557,000 -60,000 -2.5% $25.95 2,344,882 08 Feb 2024 Direct F1
transaction VKTX Common Stock, par value $0.00001 per share Sale $2,156,000 -80,000 -3.4% $26.95 2,264,882 08 Feb 2024 Direct F1
transaction VKTX Common Stock, par value $0.00001 per share Sale $1,098,000 -40,000 -1.8% $27.45 2,224,882 08 Feb 2024 Direct F1
transaction VKTX Common Stock, par value $0.00001 per share Sale $1,156,000 -40,000 -1.8% $28.90 2,184,882 08 Feb 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 -14,148 -100% $0.000000* 0 08 Feb 2024 Common Stock 14,148 $1.23 Direct F1, F2
transaction VKTX Stock Option (right to buy) Options Exercise $0 -34,931 -100% $0.000000* 0 08 Feb 2024 Common Stock 34,931 $1.23 Direct F1
transaction VKTX Stock Option (right to buy) Options Exercise $0 -140,000 -100% $0.000000* 0 08 Feb 2024 Common Stock 140,000 $4.65 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.