Nicholas Grund - Jan 31, 2025 Form 4 Insider Report for Akebia Therapeutics, Inc. (AKBA)

Role
Chief Commercial Officer
Signature
/s/Carolyn Rucci, attorney-in-fact for Nicholas Grund
Stock symbol
AKBA
Transactions as of
Jan 31, 2025
Transactions value $
-$116,804
Form type
4
Date filed
2/4/2025, 05:51 PM
Previous filing
Feb 2, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKBA Common Stock Award $0 +195K +64.26% $0.00 498K Jan 31, 2025 Direct F1
transaction AKBA Common Stock Sale -$117K -55.6K -11.16% $2.10 443K Feb 3, 2025 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AKBA Stock Option (Right to buy) Award $0 +292K $0.00 292K Jan 31, 2025 Common Stock 292K $2.24 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The restricted stock units were granted by the Issuer pursuant to its 2023 Stock Incentive Plan. One third of the restricted stock units will vest on each of the first, second and third anniversaries of the grant date, subject to the reporting person's continued service with the Issuer on each vesting date.
F2 This sale was made automatically by the Issuer to cover tax withholding obligations in connection with the vesting and settlement of one-third of the reporting person's restricted stock units granted on January 31, 2024.
F3 This sale was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 13, 2024.
F4 The options were granted by the Issuer pursuant to its 2023 Stock Incentive Plan. The options will vest over four years: 25% of the options will vest on the first anniversary of the grant date with the remaining 75% vesting in equal quarterly installments thereafter, subject to the reporting person's continued service with the Issuer on each vesting date.