Form 4: Avalo Therapeutics Director Gilla Kaplan Acquires Shares Through Restricted Stock Unit Vesting
SEC Form 4
Director Gilla Kaplan acquired 3,167 shares of Avalo Therapeutics common stock through the vesting of restricted stock units on March 28, 2025.
Summary
- On March 28, 2025, Gilla Kaplan, a director of Avalo Therapeutics, acquired 3,167 shares of common stock.
- This acquisition resulted from the vesting of restricted stock units (RSUs).
- The RSUs were granted on August 13, 2024, and vest in three equal installments on March 28, 2025, March 28, 2026, and March 28, 2027.
- Following the transaction, Kaplan directly owns 6,333 shares of Avalo Therapeutics common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine transaction related to previously granted equity compensation.
Positives
- The vesting of RSUs indicates continued service and commitment of the director to the company.
Industry Context
This is a standard Form 4 filing, reflecting a common practice of equity compensation for directors and officers in publicly traded companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| August 13, 2024 | Reporting Person was granted 9,500 restricted stock units |
| March 28, 2025 | Date of transaction; 1/3 of restricted stock units vested |
| March 28, 2026 | Next vesting date for 1/3 of restricted stock units |
| March 28, 2027 | Final vesting date for 1/3 of restricted stock units |
| April 01, 2025 | Date of signature |
Keywords
Avalo Therapeutics, Director, Gilla Kaplan, Restricted Stock Units, RSU, Beneficial Ownership, Form 4, AVTX, Vesting
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