George A. Eldridge - 07 Mar 2024 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
11 Mar 2024, 18:00:20 UTC
Prior SEC filing
24 Jan 2024
Next SEC filing
14 Mar 2024
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 11 Mar 2024.

Key facts

  • This page summarizes George A. Eldridge's Form 4 filing for Aerovate Therapeutics, Inc. (JBIO).
  • 11 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 11 Mar 2024, 18:00.

Change

  • Previous filing in this sequence was filed on 24 Jan 2024.
  • Current net transaction value: -$593,709.

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
$47,906
Shares
+22,386
Change %
+1142%
Price
$2.14
Shares after
24,346
Date
07 Mar 2024
Ownership
Direct
Footnotes
F1
AVTE transaction

Common Stock

Sale

Transaction value
$559,688
Shares
-22,386
Change %
-92%
Price
$25.00
Shares after
1,960
Date
07 Mar 2024
Ownership
Direct
Footnotes
F1, F2
AVTE transaction

Common Stock

Options Exercise

Transaction value
$244
Shares
+114
Change %
+5.8%
Price
$2.14
Shares after
2,074
Date
08 Mar 2024
Ownership
Direct
Footnotes
F1
AVTE transaction

Common Stock

Sale

Transaction value
$2,850
Shares
-114
Change %
-5.5%
Price
$25.00
Shares after
1,960
Date
08 Mar 2024
Ownership
Direct
Footnotes
F1
AVTE transaction

Common Stock

Options Exercise

Transaction value
$7,347
Shares
+3,433
Change %
+175%
Price
$2.14
Shares after
5,393
Date
11 Mar 2024
Ownership
Direct
Footnotes
F1
AVTE transaction

Common Stock

Sale

Transaction value
$86,404
Shares
-3,423
Change %
-63%
Price
$25.24
Shares after
1,970
Date
11 Mar 2024
Ownership
Direct
Footnotes
F1, F3
AVTE transaction

Common Stock

Sale

Transaction value
$263
Shares
-10
Change %
-0.51%
Price
$26.30
Shares after
1,960
Date
11 Mar 2024
Ownership
Direct
Footnotes
F1

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
-1,400
Change %
-4.7%
Price
$0.000000
Shares after
28,263
Date
07 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,400
Exercise price
$2.14
Footnotes
F1, F4
AVTE transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-20,986
Change %
-26%
Price
$0.000000
Shares after
58,877
Date
07 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
20,986
Exercise price
$2.14
Footnotes
F1, F5
AVTE transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-114
Change %
-0.19%
Price
$0.000000
Shares after
58,763
Date
08 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
114
Exercise price
$2.14
Footnotes
F1, F5
AVTE transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-3,433
Change %
-5.8%
Price
$0.000000
Shares after
55,330
Date
11 Mar 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,433
Exercise price
$2.14
Footnotes
F1, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 5 footnotes

Footnote F1

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 17, 2023.

Footnote F2

The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $25.00 to $25.289, 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 $25.00 to $25.88, inclusive. Full information regarding the number of shares sold at each separate price can be furnished to the SEC staff upon request.

Footnote F4

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 F5

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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