Korro Bio holder buys 450,045 shares, warrants
Korro Bio, Inc. reported insider-related purchases of both common stock and pre-funded warrants by an entity associated with major holder Mohamad Makhzoumi.
Rhea-AI Filing Summary
Korro Bio, Inc. reported insider-related purchases of both common stock and pre-funded warrants by an entity associated with major holder Mohamad Makhzoumi. On March 10, 2026, New Enterprise Associates 17, L.P. acquired 242,945 pre-funded warrants at $11.1090 per underlying share and 207,100 shares of common stock at $11.1100 per share in open-market or private transactions pursuant to a Subscription Agreement dated March 9, 2026. The pre-funded warrants are exercisable at $0.0010 per share and include a beneficial ownership cap of 9.99%, which the holder may adjust to as high as 19.99% with 61 days’ prior notice.
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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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Who is the beneficial owner in the Korro Bio (KRRO) Form 4 transactions?
What are the key terms of the Korro Bio (KRRO) pre-funded warrants?
What is the beneficial ownership limitation on Korro Bio (KRRO) pre-funded warrants?
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