Ralph Niven - Mar 6, 2023 Form 4 Insider Report for Aerovate Therapeutics, Inc. (AVTE)

Role
CHIEF SCIENTIFIC OFFICER
Signature
/s/ George A. Eldridge, Attorney-in-Fact
Stock symbol
AVTE
Transactions as of
Mar 6, 2023
Transactions value $
-$48,885
Form type
4
Date filed
3/8/2023, 05:00 PM
Previous filing
Feb 8, 2023
Next filing
Apr 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVTE Common Stock Options Exercise $1.13K +650 +40.4% $1.74* 2.26K Mar 6, 2023 Direct F1
transaction AVTE Common Stock Options Exercise $3.42K +1.6K +70.83% $2.14* 3.86K Mar 6, 2023 Direct F1
transaction AVTE Common Stock Sale -$52.3K -2.21K -57.14% $23.73 1.65K Mar 6, 2023 Direct F1, F2
transaction AVTE Common Stock Sale -$1.12K -45 -2.72% $24.92 1.61K Mar 6, 2023 Direct F1, F3

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 -450 -2.15% $0.00 20.5K Mar 6, 2023 Common Stock 450 $1.74 Direct F1, F4
transaction AVTE Stock Option (Right to Buy) Options Exercise $0 -200 -1.53% $0.00 12.9K Mar 6, 2023 Common Stock 200 $1.74 Direct F1, F5
transaction AVTE Stock Option (Right to Buy) Options Exercise $0 -200 -1.34% $0.00 14.7K Mar 6, 2023 Common Stock 200 $2.14 Direct F1, F6
transaction AVTE Stock Option (Right to Buy) Options Exercise $0 -650 -1.43% $0.00 44.7K Mar 6, 2023 Common Stock 650 $2.14 Direct F1, F7
transaction AVTE Stock Option (Right to Buy) Options Exercise $0 -750 -1.38% $0.00 53.7K Mar 6, 2023 Common Stock 750 $2.14 Direct F1, F8
* 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 July 6, 2022.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $23.445 to $24.38, 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 $24.755 to $24.96, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.
F4 A total of 24,108 shares subject to an employee stock option were granted on September 4, 2020, with 25% of this option vested on August 1, 2021, and the remainder vesting in 36 substantially equal monthly installments thereafter.
F5 A total of 14,488 shares subject to an employee stock option were granted on September 4, 2020, with 25% of this option vested on June 1, 2021, and the remainder vesting in 36 substantially equal monthly installments thereafter.
F6 A total of 16,294 shares subject to an employee stock option were granted on April 2, 2021, with options vesting in 48 equal monthly installments, with the first installment vested on May 2, 2021.
F7 A total of 49,908 shares subject to an employee stock option were granted on April 2, 2021, with options vesting in 48 equal monthly installments, with the first installment vested on July 4, 2021.
F8 A total of 59,732 shares subject to an employee stock option were granted on April 2, 2021, with options vesting in 48 equal monthly installments, with the first installment vested on July 4, 2021.