BASKETT FOREST 4
4 · Korro Bio, Inc. · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Korro Bio (KRRO) 10% Holder BASKETT FOREST Buys Stock
What Happened
BASKETT FOREST, reported as a 10% owner, purchased a total of 450,045 shares of Korro Bio (KRRO) on March 10, 2026. The transactions were two purchases at $11.11 per share: 207,100 shares (cash purchase) for $2,300,881 and 242,945 shares (derivative/pre-funded warrants) for $2,698,876 — a combined outlay of $4,999,757. These were purchases (a net buy), which investors often view as more informative than routine sales.
Key Details
- Transaction date: 2026-03-10; Price: $11.11 per share for both lots. Transaction code: P (Purchase).
- Shares acquired: 207,100 (direct) + 242,945 (derivative/pre-funded warrant) = 450,045 shares. Total value ≈ $4.9998M.
- Footnote F1: The direct shares were acquired from the issuer under a Subscription Agreement dated March 9, 2026.
- Footnote F3: The 242,945 derivative shares are pre-funded warrants exercisable any time, subject to an ownership cap that generally prevents exercise if it would push holdings above 9.99% of outstanding shares (holder may elect 61 days’ notice to increase cap up to 19.99%).
- Footnote F2: The filing notes an ownership/management structure (manager of NEA 17 GP, LLC) and disclaims beneficial ownership to the extent the reporting person lacks pecuniary interest in securities held by NEA 17.
- Shares owned after transaction: not specified in the filing excerpt provided.
- Filing timeliness: Report filed 2026-03-12 for a 2026-03-10 transaction — appears timely (no late filing flag).
Context
- The derivative portion represents pre-funded warrants (not a sale); these can be exercised into common stock but include an ownership cap to limit immediate voting/ownership concentration.
- This is an institutional/large-holder purchase (10% owner), not an executive’s personal trade; such buys can indicate institutional commitment but should be considered alongside other data (SEC filings, company news, financials).
- No indication in the filing of immediate resale (cashless exercise) or tax-related transfers.
Insider Transaction Report
Form 4Exit
Korro Bio, Inc.KRRO
BASKETT FOREST
10% Owner
Transactions
- 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%.
Signature
/s/ Zachary Bambach, attorney-in-fact|2026-03-12