Aiyar Ram 4
Research Summary
AI-generated summary
Korro Bio (KRRO) President/CEO Aiyar Ram Sells 15,152 Shares
What Happened
Aiyar Ram, President, Chief Executive Officer and a director of Korro Bio (KRRO), sold 15,152 shares of common stock in an open-market transaction on May 29, 2026. The weighted-average sale price was $12.98 per share, resulting in total proceeds of approximately $196,673. The filing indicates the sale was made solely to satisfy tax withholding obligations arising upon vesting/settlement of a performance stock unit, so this was a routine tax-withholding sale rather than a directional investment decision.
Key Details
- Transaction date: 2026-05-29 (filed on 2026-06-02; filing appears to be timely)
- Price: weighted-average $12.98; trades ranged from $12.62 to $13.245 (sold in multiple transactions)
- Shares sold: 15,152; proceeds ≈ $196,673
- Purpose: Tax withholding to satisfy obligations on settlement of a performance stock unit (footnote F1)
- Holdings after transaction: not explicitly stated in this filing; footnotes note inclusion of 40,000 shares issuable upon settlement of a restricted stock unit (F3) and shares held by The Ram Aiyar Irrevocable Trust (F4), for which the reporting person disclaims beneficial ownership except to the extent of pecuniary interest
- Other footnotes: F2 explains weighted-average pricing and availability of per-trade details on request
Context
Sales to cover tax withholding when awards vest/settle are common and typically reflect tax obligations rather than a CEO's view on the company's prospects. The filing’s footnotes clarify that the sale was tied to settlement of equity awards and that some shares are held in a trust (with a disclaimer of beneficial ownership).