Walker Paul Edward 4
4 · Korro Bio, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Korro Bio (KRRO) 10% Owner Walker Paul Edward Buys 450,045 Shares
What Happened
Walker Paul Edward, reported as a 10% owner, acquired a total of 450,045 Korro Bio (KRRO) securities on March 10, 2026. He purchased 207,100 shares of common stock at $11.11 each (total $2,300,881) and acquired 242,945 pre-funded warrants at $11.11 each (total $2,698,876), for a combined cash outlay of $4,999,757. These were purchases (acquisitions), which are generally viewed as more informative than routine sales.
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely filing).
- Prices and amounts:
- 207,100 common shares @ $11.11 = $2,300,881 (Acquired).
- 242,945 pre-funded warrants @ $11.11 = $2,698,876 (Acquired; treated as derivative).
- Total acquired: 450,045 units for $4,999,757.
- Shares owned after the transaction: not provided in the summary you supplied.
- Footnotes of note:
- F1: Securities were acquired from the issuer under a Subscription Agreement dated March 9, 2026.
- F2: The reporting person is a manager of NEA 17 GP, LLC (structure indicates holdings are through NEA entities and the reporting person disclaims beneficial ownership of portions where he has no pecuniary interest).
- F3: The pre-funded warrants are exercisable at any time but contain a customary ownership cap — they may not be exercised if doing so would push ownership above 9.99% (holder can adjust this cap to as much as 19.99% with notice).
- Filing timeliness: Reported on March 12 for a March 10 transaction; this meets the usual two-business-day Form 4 deadline.
Context
Pre-funded warrants are a derivative that lets the holder convert to common shares by paying a nominal additional amount; here they were bought rather than immediately converted, and exercise is subject to the ownership cap noted above. As a reported 10% owner and manager of NEA-related entities, this transaction reflects institutional/strategic buying rather than a routine executive sale. Remain factual: acquisitions can signal confidence but do not prove intent or future performance.
Insider Transaction Report
- Purchase
Common Stock
[F1][F2]2026-03-10$11.11/sh+207,100$2,300,881→ 1,297,893 total(indirect: See Note 2) - Purchase
Pre-Funded Warrants
[F1][F3][F2]2026-03-10$11.11/sh+242,945$2,698,876→ 242,945 total(indirect: See Note 2)Exercise: $0.00→ Common Stock (242,945 underlying)
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%.