Major Korro Bio (KRRO) holder adds shares and pre-funded warrants
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 450,045 shares ($4,999,757)
Net Buy
2 txns
Insider
Makhzoumi Mohamad
Role
10% Owner
Bought
450,045 shs ($5.00M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Pre-Funded Warrants | 242,945 | $11.109 | $2.70M |
| Purchase | Common Stock | 207,100 | $11.11 | $2.30M |
Holdings After Transaction:
Pre-Funded Warrants — 242,945 shares (Indirect, See Note 2);
Common Stock — 1,297,893 shares (Indirect, See Note 2)
Footnotes (1)
- Acquired from the Issuer on March 10, 2026 pursuant to a Subscription Agreement dated March 9, 2026. 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. 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
Who is the beneficial owner in the Korro Bio (KRRO) Form 4 transactions?
The securities are directly beneficially owned by New Enterprise Associates 17, L.P. The reporting person, Mohamad Makhzoumi, is a manager of related general partner entities and disclaims beneficial ownership of any portion in which he has no pecuniary interest under Section 16.
What are the key terms of the Korro Bio (KRRO) pre-funded warrants?
The pre-funded warrants cover 242,945 underlying common shares at an exercise price of $0.0010 per share. They are exercisable at any time after issuance, subject to a beneficial ownership limitation and possible future adjustment upon advance notice to the company.
What is the beneficial ownership limitation on Korro Bio (KRRO) pre-funded warrants?
The warrants cannot be exercised if it would cause the holder and affiliates to own over 9.99% of outstanding common stock. This cap can be increased or decreased, at the holder’s option, to no more than 19.99% with 61 days’ prior notice.