Patrick Lamy - 09 Dec 2025 Form 4 Insider Report for Akero Therapeutics, Inc. (AKRO)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
09 Dec 2025, 10:06:21 UTC
Prior SEC filing
03 Jul 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jonathan Young, Attorney-in-Fact

Key filing fact

Patrick Lamy filed Form 4 for Akero Therapeutics, Inc. (AKRO) on 09 Dec 2025.

Key facts

  • This page summarizes Patrick Lamy's Form 4 filing for Akero Therapeutics, Inc. (AKRO).
  • 8 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 09 Dec 2025, 10:06.

Change

  • Previous filing in this sequence was filed on 03 Jul 2025.
  • Current net transaction value: $0.

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

Reporting Owners (1)

CIK 0001961273 Primary reporting owner

Lamy Patrick

Relationship
Senior VP, Commercial Strategy
Address
C/O AKERO THERAPEUTICS, INC., 601 GATEWAY BOULEVARD, SUITE 350, SOUTH SAN FRANCISCO
Signature
/s/ Jonathan Young, Attorney-in-Fact
Signature date
09 Dec 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AKRO transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-3,059
Change %
-100%
Price
Shares after
0
Date
09 Dec 2025
Ownership
Direct
Footnotes
F1
AKRO transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-26,832
Change %
-100%
Price
Shares after
0
Date
09 Dec 2025
Ownership
Direct
Footnotes
F2, F3

Reported derivative securities

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

AKRO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-3,421
Change %
-100%
Price
Shares after
0
Date
09 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,421
Exercise price
$29.23
Footnotes
F4
AKRO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-382
Change %
-100%
Price
Shares after
0
Date
09 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
382
Exercise price
$19.87
Footnotes
F4
AKRO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-11,096
Change %
-100%
Price
Shares after
0
Date
09 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
11,096
Exercise price
$44.37
Footnotes
F4
AKRO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-48,679
Change %
-100%
Price
Shares after
0
Date
09 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
48,679
Exercise price
$29.23
Footnotes
F4
AKRO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-64,182
Change %
-100%
Price
Shares after
0
Date
09 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
64,182
Exercise price
$19.87
Footnotes
F4
AKRO transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-84,904
Change %
-100%
Price
Shares after
0
Date
09 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
84,904
Exercise price
$44.37
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Patrick Lamy is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 9, 2025, among the Issuer, Novo Nordisk A/S, a Danish aktieselskab ("Novo"), and NN Invest Sub, Inc ("Merger Sub"), pursuant to which Merger Sub merged with and into the Issuer (the "Merger"), effective as of December 9, 2025 (such date and time, the "Effective Time"), with the Issuer surviving the Merger as a wholly owned subsidiary of Novo. At the Effective Time, each share of common stock of the Issuer ("Company Common Stock") reported in this Form 4 was cancelled and converted into the right to receive (i) cash in an amount equal to $54.00 (the "Closing Consideration") and (ii) one contractual contingent value right (a "CVR") representing the right to receive $6.00 in cash, if a specified milestone is achieved, pursuant to the CVR Agreement (as defined in the Merger Agreement) ((i) and (ii), together, the "Merger Consideration").

Footnote F2

Represents restricted stock units ("Company RSUs") granted to the Reporting Person. Each RSU represented a contingent right to receive one share of Company Common Stock upon vesting of the Company RSU.

Footnote F3

Pursuant to the Merger Agreement, at the Effective Time, each Company RSU reported in this Form 4 was deemed fully vested and cancelled and was converted into the right of the Reporting Person to receive the Merger Consideration in respect of each such Company RSU.

Footnote F4

Pursuant to the Merger Agreement, at the Effective Time, each compensatory option to purchase shares of Company Common Stock (each, a "Company Option") reported in this Form 4, whether or not vested, was deemed fully vested and was cancelled and converted into the right to receive a cash payment equal to the product of the excess of the Closing Consideration over the per share exercise price of such Company Option, multiplied by the total number of shares of Company Common Stock subject to such Company Option immediately prior to the Effective Time, plus one CVR for each share of Company Common Stock subject to such Company Option immediately prior to the Effective Time.

SEC remarks

Senior VP, Commercial Strategy

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