Andrew C. Orth - 09 Jun 2023 Form 4 Insider Report for Krystal Biotech, Inc. (KRYS)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
09 Jun 2023, 19:00:15 UTC
Prior SEC filing
28 Feb 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Andrew Orth

Key filing fact

Andrew C. Orth filed Form 4 for Krystal Biotech, Inc. (KRYS) on 09 Jun 2023.

Key facts

  • This page summarizes Andrew C. Orth's Form 4 filing for Krystal Biotech, Inc. (KRYS).
  • 5 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 09 Jun 2023, 19:00.

Change

  • Previous filing in this sequence was filed on 28 Feb 2023.
  • Current net transaction value: -$813,260.

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.

KRYS transaction

Common Stock

Options Exercise

Transaction value
$794,375
Shares
+12,500
Change %
+12500%
Price
$63.55
Shares after
12,600
Date
09 Jun 2023
Ownership
Direct
Footnotes
F1
KRYS transaction

Common Stock

Sale

Transaction value
$673,958
Shares
-5,261
Change %
-42%
Price
$128.10
Shares after
7,339
Date
09 Jun 2023
Ownership
Direct
Footnotes
F1, F2
KRYS transaction

Common Stock

Sale

Transaction value
$890,488
Shares
-6,906
Change %
-94%
Price
$128.94
Shares after
433
Date
09 Jun 2023
Ownership
Direct
Footnotes
F1, F3
KRYS transaction

Common Stock

Sale

Transaction value
$43,189
Shares
-333
Change %
-77%
Price
$129.70
Shares after
100
Date
09 Jun 2023
Ownership
Direct
Footnotes
F1, F4

Reported derivative securities

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

KRYS transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
$0
Shares
-12,500
Change %
-25%
Price
$0.000000
Shares after
37,500
Date
09 Jun 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
12,500
Exercise price
$63.55
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

The option exercise and sale reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person. The Rule 10b5-1 trading plan started on March 10, 2023 and will terminate on March 31, 2024 and contemplates option exercises and sales of 12,500 shares with a limit price of $113.00 per share.

Footnote F2

The transaction was executed in multiple trades ranging from $127.5500 to $128.5400. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth herein.

Footnote F3

The transaction was executed in multiple trades ranging from $128.5600 to $129.5500. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth herein.

Footnote F4

The transaction was executed in multiple trades ranging from $129.5600 to $129.7400. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price within the range set forth herein.

Footnote F5

50,000 options were granted that vest in four equal annual installments beginning on February 28, 2023.

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