David S. Grayzel - 09 Apr 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 Apr 2024, 18:00:57 UTC
Prior SEC filing
14 Aug 2024
Next SEC filing
07 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Ommer Chohan, Attorney-in-Fact

Key filing fact

David S. Grayzel filed Form 4 for Aerovate Therapeutics, Inc. (JBIO) on 11 Apr 2024.

Key facts

  • This page summarizes David S. Grayzel's Form 4 filing for Aerovate Therapeutics, Inc. (JBIO).
  • 1 reported transaction and 0 derivative rows are listed below.
  • Accepted by SEC: 11 Apr 2024, 18:00.

Change

  • Previous filing in this sequence was filed on 14 Aug 2024.
  • Current net transaction value: -$334,478.

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

Sale

Transaction value
$334,478
Shares
-11,882
Change %
-45%
Price
$28.15
Shares after
14,502
Date
09 Apr 2024
Ownership
By Atlas Venture Associates XII, L.P.
Footnotes
F1, F2, F3
AVTE holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
1,784,730
Date
09 Apr 2024
Ownership
By Atlas Venture Fund XII, L.P.
Footnotes
F2, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.34 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F2

The shares reported herein give effect to the pro rata distributions of shares by Atlas Venture Fund XII, L.P. ("Atlas Fund XII") for no additional consideration to its limited partners and its general partner, Atlas Venture Associates XII, L.P. ("AVA XII LP"), subsequent to the Reporting Person's last Section 16 filing reporting ownership of the Issuer's Common Stock. As the distributions of such shares constituted only a change in the form of the Reporting Person's indirect ownership in such shares, the Reporting Person was not required to report the distributions pursuant to Section 16.

Footnote F3

The shares are held directly by AVA XII LP. Atlas Venture Associates XII, LLC ("AVA XII LLC") is the general partner of AVA XII LP. The Reporting Person is a member of AVA XII LLC and disclaims beneficial ownership of the securities held by AVA XII LP, except to the extent of his pecuniary interest therein, if any.

Footnote F4

The shares are held directly by Atlas Fund XII. The general partner of Atlas Fund XII is AVA XII LP. AVA XII LLC is the general partner of AVA XII LP. The Reporting Person is a member of AVA XII LLC and disclaims beneficial ownership of the securities held by Atlas Fund XII, except to the extent of his pecuniary interest therein, if any.

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