Form 4: Korro Bio Director Rick Yang Acquires Shares Via Subscription Agreement

Rick Yang, a director at Korro Bio, acquired 17,857 shares of common stock at $56 per share on April 22, 2024, through a subscription agreement.

Summary

• On April 22, 2024, Rick Yang, a director of Korro Bio, acquired 17,857 shares of common stock.
• The shares were purchased at a price of $56 per share.
• The acquisition was made pursuant to a Subscription Agreement dated April 17, 2024.
• Following the transaction, Yang indirectly owns 1,090,793 shares through NEA 17 GP, LLC, the sole general partner of NEA Partners 17, L.P., which is the sole general partner of New Enterprise Associates 17, L.P. ('NEA 17').
• Yang disclaims beneficial ownership of the securities held by NEA 17 in which he has no direct pecuniary interest.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares at $56 can be seen as a positive signal, but it's a routine transaction.

Positives

• A director's purchase of shares can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates