Timothy P. Noyes - 16 May 2024 Form 4 Insider Report for Aerovate Therapeutics, Inc. (JBIO)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
17 May 2024, 19:10:13 UTC
Prior SEC filing
03 May 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ George A. Eldridge, Attorney-in-Fact

Key filing fact

Timothy P. Noyes filed Form 4 for Aerovate Therapeutics, Inc. (JBIO) on 17 May 2024.

Key facts

  • This page summarizes Timothy P. Noyes's Form 4 filing for Aerovate Therapeutics, Inc. (JBIO).
  • 4 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 17 May 2024, 19:10.

Change

  • Previous filing in this sequence was filed on 03 May 2024.
  • Current net transaction value: -$194,355.

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
$21,400
Shares
+10,000
Change %
Price
$2.14*
Shares after
10,000
Date
16 May 2024
Ownership
Direct
Footnotes
F1
AVTE transaction

Common Stock

Sale

Transaction value
$187,410
Shares
-8,707
Change %
-87%
Price
$21.52
Shares after
1,293
Date
16 May 2024
Ownership
Direct
Footnotes
F1, F2
AVTE transaction

Common Stock

Sale

Transaction value
$28,345
Shares
-1,293
Change %
-100%
Price
$21.92
Shares after
0
Date
16 May 2024
Ownership
Direct
Footnotes
F1, F3

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
-10,000
Change %
-2.8%
Price
$0.000000
Shares after
343,381
Date
16 May 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,000
Exercise price
$2.14
Footnotes
F1, F4
* 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 4 footnotes

Footnote F1

This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 27, 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 $20.87 to $21.84, 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 $21.87 to $22.035, 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 493,381 shares subject to an employee stock option were granted on April 2, 2021, with 25% vested on June 4, 2022, with the remainder vesting in 36 substantially equal monthly installments thereafter.

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