Simons Emmanuel 4
4 · Akouos, Inc. · Filed Jun 30, 2020
Insider Transaction Report
Form 4
Akouos, Inc.AKUS
Simons Emmanuel
DirectorPresident and CEO10% Owner
Transactions
- Conversion
Common Stock
2020-06-26+35,312→ 35,312 total - Conversion
Series Seed-1 Preferred Stock
2020-06-30−35,312→ 0 total→ Common Stock (35,312 underlying) - Award
Stock Option (right to buy)
2020-06-26+838,066→ 838,066 totalExercise: $17.00Exp: 2030-06-17→ Common Stock (838,066 underlying)
Footnotes (2)
- [F1]On June 30, 2020, the Series Seed-1 Preferred Stock converted into Common Stock on a 21.073-for-1 basis upon the closing of the Issuer's initial public offering without payment of consideration. The Series Seed-1 Preferred Stock was convertible at any time at the holder's election and automatically upon the closing of the Issuer's initial public offering. The shares had no expiration date.
- [F2]The option was granted on June 18, 2020, effective as of and contingent upon the commencement of trading of the Issuer's shares of common stock on the Nasdaq Global Select Market, which occurred on June 26, 2020. The shares underlying the option vest over four years in equal monthly installments from June 18, 2020 through June 18, 2024.