Benjamin T. Dake - Nov 9, 2022 Form 4 Insider Report for Aerovate Therapeutics, Inc. (AVTE)

Role
Officer Title: President, Chief Operating Officer and Secretary
Signature
/s/ George A. Eldridge, Attorney-in-Fact
Stock symbol
AVTE
Transactions as of
Nov 9, 2022
Transactions value $
-$368,009
Form type
4
Date filed
11/14/2022, 04:00 PM
Previous filing
Nov 9, 2022
Next filing
Dec 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVTE Common Stock Options Exercise $30K +14K $2.14* 14K Nov 9, 2022 Direct F1
transaction AVTE Common Stock Sale -$251K -14K -100% $17.91 0 Nov 9, 2022 Direct F1, F2
transaction AVTE Common Stock Options Exercise $3.85K +1.8K $2.14* 1.8K Nov 10, 2022 Direct F1
transaction AVTE Common Stock Sale -$36.2K -1.8K -100% $20.10 0 Nov 10, 2022 Direct F1, F3
transaction AVTE Common Stock Options Exercise $13.3K +6.2K $2.14* 6.2K Nov 11, 2022 Direct F1
transaction AVTE Common Stock Sale -$90.8K -4.45K -71.83% $20.39 1.75K Nov 11, 2022 Direct F1, F4
transaction AVTE Common Stock Sale -$34.8K -1.63K -93.07% $21.41 121 Nov 11, 2022 Direct F1, F5
transaction AVTE Common Stock Sale -$2.69K -121 -100% $22.20 0 Nov 11, 2022 Direct F1, F6

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 AVTE Stock Option (Right to Buy) Options Exercise $0 -14K -5.06% $0.00 263K Nov 9, 2022 Common Stock 14K $2.14 Direct F1, F7
transaction AVTE Stock Option (Right to Buy) Options Exercise $0 -1.8K -0.69% $0.00 261K Nov 10, 2022 Common Stock 1.8K $2.14 Direct F1, F7
transaction AVTE Stock Option (Right to Buy) Options Exercise $0 -6.2K -2.38% $0.00 255K Nov 11, 2022 Common Stock 6.2K $2.14 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 14, 2022.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $17.49 to $18.26, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F3 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $20.02 to $20.406, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $20.00 to $20.965, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $21.02 to $21.96, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F6 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $22.16 to $22.205, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F7 A total of 328,921 shares subject to an employee stock option were granted on April 2, 2021, with the first installment vested on July 4, 2021, and with shares vesting in 48 substantially equal monthly installments.

Remarks:

Officer Title: President, Chief Operating Officer and Secretary