Korro Bio, Inc. (KRRO) awards 7,500 RSUs to Chief Operating Officer
Rhea-AI Filing Summary
Chappell Todd reported acquisition or exercise transactions in this Form 4 filing.
Korro Bio, Inc. reported that Chief Operating Officer Todd Chappell received a grant of restricted stock units representing 7,500 shares of common stock under its 2023 Stock Option and Incentive Plan. These RSUs vest 50% on July 15, 2027 and 50% on July 15, 2028, subject to a continuous Service Relationship.
After this award, Chappell beneficially owns 24,464 shares of common stock, including 17,566 shares underlying unvested RSUs scheduled to vest in 2026, 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chappell Todd
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,500 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 24,464 shares (Direct)
Footnotes (1)
- Represents shares of common stock issuable upon settlement of a restricted stock unit (RSU) granted under the Issuer's 2023 Stock Option and Incentive Plan (the 2023 Plan) that will vest as follows: 50% on July 15, 2027 and 50% on July 15, 2028, in each case subject to the reporting person maintaining a continuous Service Relationship (as defined in the 2023 Plan) through each such date. Includes 17,566 shares of common stock issuable upon settlement of restricted stock units (RSUs) that remain unvested, consisting of 10,066 shares that will vest on December 15, 2026, 3,750 shares that will vest on July 15, 2027, and 3,750 shares that will vest on July 15, 2028, in each case subject to the reporting person maintaining a continuous Service Relationship (as defined in the 2023 Plan) through each such date.
Key Figures
RSUs granted: 7,500 shares
Shares owned after grant: 24,464 shares
Unvested RSU-linked shares: 17,566 shares
+3 more
6 metrics
RSUs granted
7,500 shares
Restricted stock units granted to COO Todd Chappell on July 15, 2026
Shares owned after grant
24,464 shares
Amount of Korro Bio common stock beneficially owned following the reported transaction
Unvested RSU-linked shares
17,566 shares
Shares of common stock issuable upon settlement of unvested RSUs included in post-transaction holdings
RSUs vesting 12/15/2026
10,066 shares
Portion of unvested RSUs scheduled to vest on December 15, 2026
RSUs vesting 07/15/2027
3,750 shares
Unvested RSUs scheduled to vest on July 15, 2027
RSUs vesting 07/15/2028
3,750 shares
Unvested RSUs scheduled to vest on July 15, 2028
Key Terms
restricted stock unit (RSU), 2023 Stock Option and Incentive Plan, Service Relationship
3 terms
restricted stock unit (RSU) financial
"common stock issuable upon settlement of a restricted stock unit (RSU) granted under the 2023 Plan"
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
2023 Stock Option and Incentive Plan financial
"granted under the Issuer's 2023 Stock Option and Incentive Plan (the 2023 Plan)"
Service Relationship financial
"subject to the reporting person maintaining a continuous Service Relationship through each such date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity award did Korro Bio (KRRO) grant to Todd Chappell?
Korro Bio granted Chief Operating Officer Todd Chappell 7,500 restricted stock units (RSUs) representing common stock. The RSUs were issued under the 2023 Stock Option and Incentive Plan and vest in two equal installments in 2027 and 2028, contingent on continued service.
When will Todd Chappell's 7,500 RSUs at Korro Bio (KRRO) vest?
Chappell’s 7,500 RSUs vest in two tranches: 50% on July 15, 2027 and 50% on July 15, 2028. Each vesting date requires him to maintain a continuous Service Relationship as defined in Korro Bio’s 2023 Stock Option and Incentive Plan.
How many unvested RSUs does Todd Chappell hold in Korro Bio (KRRO) and what is their vesting schedule?
Chappell holds 17,566 unvested RSU-linked shares. Of these, 10,066 vest on December 15, 2026, 3,750 vest on July 15, 2027, and another 3,750 vest on July 15, 2028, all subject to a continuous Service Relationship.
Was Todd Chappell’s Korro Bio (KRRO) equity grant made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked, indicating this RSU award is not reported as made under a Rule 10b5-1 trading plan. It is reported as an RSU grant under Korro Bio’s 2023 Stock Option and Incentive Plan.