Korro Bio holder buys stock and pre-funded warrants
Korro Bio, Inc. reported that investment entity New Enterprise Associates 17, L.P. acquired additional exposure to its stock through a private subscription.
Rhea-AI Filing Summary
Korro Bio, Inc. reported that investment entity New Enterprise Associates 17, L.P. acquired additional exposure to its stock through a private subscription. On March 10, 2026, it bought 207,100 shares of common stock at $11.11 per share and 242,945 pre-funded warrants at $11.109 per warrant. The warrants are exercisable at $0.001 per share but include a 9.99% beneficial ownership cap, which the holder may adjust upon 61 days’ notice, not to exceed 19.99%. Following these purchases, indirect holdings include 1,297,893 shares of common stock and the newly acquired warrants. Forest Baskett is a manager of entities controlling NEA 17 and disclaims beneficial ownership where he has no pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Pre-Funded Warrants | 242,945 | $11.109 | $2.70M |
| Purchase | Common Stock | 207,100 | $11.11 | $2.30M |
Footnotes (3)
- F1. Acquired from the Issuer on March 10, 2026 pursuant to a Subscription Agreement dated March 9, 2026.
- F2. The Reporting Person is a manager of NEA 17 GP, LLC, which is the sole general partner of NEA Partners 17, L.P. ("NEA Partners 17"). NEA Partners 17 is the sole general partner of New Enterprise Associates 17, L.P. ("NEA 17"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 17 in which the Reporting Person has no pecuniary interest.
- F3. The Pre-Funded Warrants are exercisable at any time after their issuance; provided, however, that the Pre-Funded Warrants may not be exercised to the extent such exercise would cause the number of shares of the Issuer's Common Stock owned by the holder (together with its affiliates and certain other related parties) to exceed 9.99% of the total number of shares of the Issuer's Common Stock immediately after giving effect to such exercise, which percentage may be increased or decreased at the option of the holder upon 61 days' prior notice to the Issuer, not to exceed 19.99%.
FAQ
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What insider transactions did Korro Bio (KRRO) disclose in this Form 4?
What are the key terms of the pre-funded warrants bought in Korro Bio (KRRO)?
At what prices were Korro Bio (KRRO) securities acquired in this Form 4?
Who is the actual holder of the Korro Bio (KRRO) securities in this filing?
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