Korro Bio (KRRO) director-affiliated funds sell 110,023 shares under 10b5-1 plan
Rhea-AI Filing Summary
Korro Bio director-linked funds reported open-market sales of 110,023 shares of Common Stock. The transactions were executed on July 2 and July 6, 2026 at weighted average prices around $14 per share, through entities associated with Atlas Venture funds.
The sales were made pursuant to a Rule 10b5-1 trading plan adopted on April 8, 2026, indicating they were pre-scheduled rather than discretionary market-timed trades. Following these transactions, the reporting entities together continue to hold large indirect positions, including 146,305 and 706,556 shares of Korro Bio common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 817 | $13.96 | $11K |
| Sale | Common Stock | 8,506 | $13.96 | $119K |
| Sale | Common Stock | 85,955 | $14.03 | $1.21M |
| Sale | Common Stock | 14,745 | $14.03 | $207K |
Footnotes (1)
- Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 8, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.95 to $14.16 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 each separate price within the ranges set forth in footnotes (2) and (5). These shares are held directly by Atlas Venture Fund XI, L.P. ("Atlas XI"). Atlas Venture Associates XI, L.P. ("AVA XI LP") is the general partner of Atlas XI. Atlas Venture Associates XI, LLC ("AVA XI LLC") is the general partner of AVA XI LP. The Reporting Person is a member of AVA XI LLC and disclaims Section 16 beneficial ownership of such shares, except to the extent of his pecuniary interest therein, if any. These shares are held directly by Atlas Venture Opportunity Fund II, L.P. ("AVOF II"). Atlas Venture Associates Opportunity II, L.P. ("AVAO II LP") is the general partner of AVOF II. Atlas Venture Associates Opportunity II, LLC ("AVAO II LLC") is the general partner of AVAO II LP. The Reporting Person is a member of AVAO II LLC and disclaims Section 16 beneficial ownership of such shares, except to the extent of his pecuniary interest therein, if any. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.95 to $14.05 inclusive.
Key Figures
Key Terms
Rule 10b5-1 trading plan regulatory
weighted average price financial
Section 16 beneficial ownership regulatory
open-market sale financial
Atlas Venture Fund XI, L.P. financial
Atlas Venture Opportunity Fund II, L.P. financial
FAQ
What insider activity did Korro Bio (KRRO) report in this Form 4?
The filing shows entities associated with director Jean Francois Formela sold 110,023 shares of Korro Bio common stock in open-market transactions. These trades were executed in early July 2026 at prices around $14 per share.
Were the Korro Bio (KRRO) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted on April 8, 2026. Such plans pre-schedule trades, meaning the sale timing was determined in advance rather than chosen in reaction to short-term market movements.
What type of transactions are reported in this Korro Bio (KRRO) Form 4?
All reported transactions are open-market sales of Korro Bio common stock, coded “S” for sale. There are no option exercises, gifts, or tax-withholding entries disclosed, and the derivative securities section shows no remaining derivative positions in this filing.