Korro Bio CSO share sale for tax withholding
Korro Bio, Inc. Chief Scientific Officer Vincent Loic A reported a sale of 3,418 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. Chief Scientific Officer Vincent Loic A reported a sale of 3,418 shares of common stock at a weighted-average price of $10.83 per share. According to the disclosure, this was a mandatory sale solely to satisfy tax withholding obligations from vesting of a restricted stock unit granted under the 2023 Stock Option and Incentive Plan.
After this tax-related transaction, he holds 18,297 shares of common stock, including 10,858 shares issuable upon settlement of an RSU that is scheduled to vest on December 15, 2026, subject to continued service with the company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 3,418 | $10.83 | $37K |
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 10,858 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
2023 Stock Option and Incentive Plan financial
weighted-average price financial
Service Relationship financial
FAQ
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Was the Korro Bio (KRRO) insider sale a discretionary transaction?
What future vesting is disclosed for the Korro Bio (KRRO) Chief Scientific Officer's RSUs?
AI-generated analysis. How Rhea-AI works. Not financial advice.