O'Brien Stephanie Monaghan 4

What Happened

• Stephanie O'Brien (Director) had an "other acquisition or disposition (J)" reported on Form 4: 5,750 Apellis (APLS) shares were transferred at $0.00 on April 6, 2026. The reported dollar value of the transaction is $0.
• This was a distribution from a trust to an account held directly by the reporting person's spouse (see footnote). The filing notes that the reporting person's beneficial ownership is unchanged, so this is an internal transfer, not a market purchase or sale.

Key Details

• Transaction date: 2026-04-06; Filing date: 2026-04-08 (appears timely).
• Transaction type/code: Other acquisition/disposition (J) — reported as acquired 5,750 shares at $0.00.
• Shares owned after transaction: not specified in the filing; footnote states beneficial ownership is unchanged.
• Footnote: F1 — distribution of shares from a trust to an account held by the reporting person's spouse; no change in beneficial ownership.
• No indication of a 10b5-1 plan, exercise, sale, or tax-withholding event in this filing.

Context

• A trust distribution to a spouse's account is an administrative transfer and does not necessarily reflect a change in the insider's view of the company. It is not a purchase (bullish) or a sale (liquidation) in the open market.
• For retail investors: such internal transfers are common and typically less informative about insider sentiment than outright purchases or sales.