Akero CSO Sells 1,129 Shares for Tax Obligations, Retains 166K Share Position
Akero Therapeutics Chief Scientific Officer Timothy Rolph executed a non-discretionary sale of 1,129 shares of common stock on June 18, 2025 at a weighted average price of $54.84 per share.
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Rhea-AI Filing Summary
Akero Therapeutics Chief Scientific Officer Timothy Rolph executed a non-discretionary sale of 1,129 shares of common stock on June 18, 2025 at a weighted average price of $54.84 per share.
Key details of the transaction:
- The sale was conducted under a "sell-to-cover" policy to satisfy tax withholding obligations related to vesting restricted stock units
- Transaction prices ranged from $54.33 to $54.84 per share
- Following the transaction, Rolph directly owns 166,234 shares
- The sale was automatic and not at the discretion of the reporting person
This Form 4 filing indicates a routine insider transaction for tax purposes rather than a discretionary sale, suggesting no significant change in the insider's investment outlook.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,129 | $54.84 | $62K |
Footnotes (2)
- F1. Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. The Issuer has adopted a "sell-to-cover" policy to satisfy the tax withholding obligations of the Reporting Person. Such sales were automatic and not at the discretion of the Reporting Person.
- F2. The price reported in Column 4 is a weighted-average price. These shares were sold in multiple transactions at prices ranging from $54.33 to $54.84, inclusive. The Reporting Person undertakes 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 ranges set forth in this footnote.
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