Avalo Therapeutics director exercises 3,166 RSUs

Avalo Therapeutics director Gilla Kaplan exercised restricted stock units into common shares.

Rhea-AI Filing Summary

Avalo Therapeutics director Gilla Kaplan exercised restricted stock units into common shares. On March 28, 2026, 3,166 restricted stock units converted into 3,166 shares of common stock at a price of $0.00 per share, reflecting a routine compensation-related equity conversion rather than an open-market trade.

Following the transaction, Kaplan directly held 6,333 shares of Avalo Therapeutics common stock and 3,167 restricted stock units. The restricted stock units convert into common stock on a one-for-one basis and were part of a 9,500-unit grant made on August 13, 2024, vesting in three equal annual installments.

Insider Trade Summary

3,166 shares exercised/converted

Exercise 2 txns

Insider KAPLAN GILLA

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,166	$0.00	$0.00
Exercise	Common Stock	3,166	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 3,167 contracts (Direct); Common Stock — 6,333 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. On August 13, 2024, the Reporting Person was granted 9,500 restricted stock units, vesting 1/3 on March 28, 2025, March 28, 2026, and March 28, 2027, subject to the Reporting Person's continued service on such vesting date.

Key Figures

RSUs exercised: 3,166 units Exercise price: $0.00 per share Common shares after: 6,333 shares +3 more

6 metrics

RSUs exercised 3,166 units Restricted stock units converted to common stock on March 28, 2026

Exercise price $0.00 per share Conversion price for 3,166 restricted stock units

Common shares after 6,333 shares Direct common stock holdings following the Form 4 transaction

RSUs remaining 3,167 units Restricted stock units held after the reported conversion

Original RSU grant 9,500 units Granted on August 13, 2024, vesting in three annual installments

Vesting dates March 28, 2025/2026/2027 Scheduled vesting dates for the 9,500-unit RSU grant

Key Terms

Restricted Stock Units, derivative security, vesting, common stock

4 terms

Restricted Stock Units financial

"Restricted stock units convert into common stock on a one-for-one basis."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

derivative security financial

"Exercise or conversion of derivative security."

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vesting financial

"vesting 1/3 on March 28, 2025, March 28, 2026, and March 28, 2027"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

common stock financial

"Restricted stock units convert into common stock on a one-for-one basis."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Gilla Kaplan report at Avalo Therapeutics (AVTX)?

Gilla Kaplan reported exercising 3,166 restricted stock units into 3,166 shares of Avalo Therapeutics common stock. The units converted at $0.00 per share, reflecting equity compensation vesting rather than an open-market purchase or sale, and increased her directly held common stock position.

How many Avalo Therapeutics (AVTX) shares does Gilla Kaplan hold after this Form 4?

After the reported transaction, Gilla Kaplan directly holds 6,333 shares of Avalo Therapeutics common stock. She also holds 3,167 restricted stock units that can convert into common stock on a one-for-one basis, representing additional potential future equity subject to vesting conditions.

What are the terms of Gilla Kaplan’s restricted stock unit grant at Avalo Therapeutics (AVTX)?

On August 13, 2024, Gilla Kaplan was granted 9,500 restricted stock units. These vest in three approximately equal installments on March 28, 2025, March 28, 2026, and March 28, 2027, provided she continues to serve the company through each respective vesting date.

Did Gilla Kaplan buy or sell Avalo Therapeutics (AVTX) shares on the open market?

The Form 4 does not show any open-market purchases or sales by Gilla Kaplan. Instead, it reports a derivative exercise, where 3,166 restricted stock units converted into 3,166 common shares at $0.00 per share as part of her equity compensation vesting.

How do Avalo Therapeutics (AVTX) restricted stock units convert into common shares?

According to the filing, Avalo Therapeutics restricted stock units convert into common stock on a one-for-one basis. When units vest and are exercised, each restricted stock unit becomes one share of common stock, typically at no cash exercise price to the reporting person.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/31/2026 - 04:12 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KAPLAN GILLA

(Last) (First) (Middle)

C/O AVALO THERAPEUTICS, INC.

1500 LIBERTY RIDGE DRIVE, SUITE 321

(Street)

WAYNE PENNSYLVANIA 19087

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Avalo Therapeutics, Inc. [ AVTX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/28/2026		M		3,166	A	(1)	6,333	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/28/2026		M			3,166	(2)	(2)	Common Stock	3,166	$0	3,167	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. On August 13, 2024, the Reporting Person was granted 9,500 restricted stock units, vesting 1/3 on March 28, 2025, March 28, 2026, and March 28, 2027, subject to the Reporting Person's continued service on such vesting date.

	/s/ Christopher Sullivan, Attorney-in-Fact	03/31/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)