George A. Eldridge - 09 Dec 2022 Form 4 Insider Report for Aerovate Therapeutics, Inc. (JBIO)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
13 Dec 2022, 17:00:12 UTC
Prior SEC filing
09 Dec 2022
Next SEC filing
08 Feb 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ George A. Eldridge

Key filing fact

George A. Eldridge filed Form 4 for Aerovate Therapeutics, Inc. (JBIO) on 13 Dec 2022.

Key facts

  • This page summarizes George A. Eldridge's Form 4 filing for Aerovate Therapeutics, Inc. (JBIO).
  • 8 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 13 Dec 2022, 17:00.

Change

  • Previous filing in this sequence was filed on 09 Dec 2022.
  • Current net transaction value: -$367,300.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AVTE transaction

Common Stock

Options Exercise

Transaction value
$8,494
Shares
+3,969
Change %
+202%
Price
$2.14*
Shares after
5,929
Date
09 Dec 2022
Ownership
Direct
Footnotes
F1
AVTE transaction

Common Stock

Sale

Transaction value
$82,055
Shares
-3,386
Change %
-57%
Price
$24.23
Shares after
2,543
Date
09 Dec 2022
Ownership
Direct
Footnotes
F1, F2
AVTE transaction

Common Stock

Sale

Transaction value
$14,711
Shares
-583
Change %
-23%
Price
$25.23
Shares after
1,960
Date
09 Dec 2022
Ownership
Direct
Footnotes
F1, F3
AVTE transaction

Common Stock

Options Exercise

Transaction value
$21,400
Shares
+10,000
Change %
+510%
Price
$2.14*
Shares after
11,960
Date
12 Dec 2022
Ownership
Direct
Footnotes
F1
AVTE transaction

Common Stock

Sale

Transaction value
$300,428
Shares
-10,000
Change %
-84%
Price
$30.04
Shares after
1,960
Date
12 Dec 2022
Ownership
Direct
Footnotes
F1, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AVTE transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-3,969
Change %
-9.7%
Price
$0.000000
Shares after
36,757
Date
09 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,969
Exercise price
$2.14
Footnotes
F1, F5
AVTE transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-7,094
Change %
-19%
Price
$0.000000
Shares after
29,663
Date
12 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,094
Exercise price
$2.14
Footnotes
F1, F5
AVTE transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-2,906
Change %
-3.5%
Price
$0.000000
Shares after
79,863
Date
12 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,906
Exercise price
$2.14
Footnotes
F1, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 15, 2022.

Footnote F2

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $24.00 to $25.00, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

Footnote F3

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $25.01 to $25.41, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

Footnote F4

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $30.00 to $30.39, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

Footnote F5

A total of 50,850 shares subject to an employee stock option were granted on April 2, 2021, with 25% of this option vested on March 22, 2022, and the remainder vesting in 36 substantially equal monthly installments thereafter.

Footnote F6

A total of 98,676 shares subject to an employee stock option were granted on April 2, 2021, with 25% of this option vested on June 4, 2022, and the remainder vesting in 36 substantially equal monthly installments thereafter.

SEC remarks

Officer Title: Chief Financial Officer and Treasurer

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