Korro Bio counsel sells shares for tax withholding
Korro Bio, Inc. General Counsel Jeffrey Cerio reported an open-market sale of 6,609 shares of common stock at a weighted-average price of $10.83 per share.
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Rhea-AI Filing Summary
Korro Bio, Inc. General Counsel Jeffrey Cerio reported an open-market sale of 6,609 shares of common stock at a weighted-average price of $10.83 per share. According to the filing, this was a mandatory sale solely to satisfy tax withholding obligations from vested restricted stock units under the 2023 equity plan.
After this transaction, Cerio holds 35,293 shares directly, including 20,951 shares underlying restricted stock units that are scheduled to vest on December 15, 2026, if his service with the company continues through that date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,609 | $10.83 | $72K |
Footnotes (3)
- F1. Represents the mandatory sale of shares of common stock solely to satisfy tax withholding obligations incurred upon vesting and settlement of a restricted stock unit (RSU) granted under the Issuer's 2023 Stock Option and Incentive Plan (the 2023 Plan).
- F2. The price reported in Column 4 is a weighted-average price. The shares were sold in multiple transactions at prices ranging from $10.58 to $11.35, inclusive. Full information regarding the number of shares sold at each separate price can be provided to the issuer, any security holder of the issuer or the staff of the Securities and Exchange Commission upon request.
- F3. Includes 20,951 shares of common stock issuable upon settlement of a RSU granted under the 2023 Plan that will vest on December 15, 2026 subject to the reporting person maintaining a continuous Service Relationship (as defined in the 2023 Plan) through such date.
Key Figures
Key Terms
restricted stock unit (RSU) financial
weighted-average price financial
2023 Stock Option and Incentive Plan financial
continuous Service Relationship financial
FAQ
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What insider transaction did Korro Bio (KRRO) report for Jeffrey Cerio?
Was the Korro Bio (KRRO) insider sale a discretionary trade?
What are the terms of Jeffrey Cerio’s unvested RSUs at Korro Bio (KRRO)?
AI-generated analysis. How Rhea-AI works. Not financial advice.