Table I (Non-Derivative Securities)
- Sale : 90,832
- Average Sale Price: $20.55
- Total Value: $1,866,155.04
- Post-Transaction Direct Holdings: 93,000
- Indirect Holdings: 1,200,000
- 10b5-1 Plan Used? No
π Summary
Graham G. Walmsley, Director at Akero Therapeutics, Inc. (AKRO), acquired 90,832 shares on October 8, 2025, at an average price of $20.55, for a total cost of about ~$1,866,155. After the transaction, he now holds 93,000 direct shares and 1,200,000 indirect shares (per footnote). For retail traders, this is a bullish event: insider exercised options to add to stake, signaling confidence in the company.
π Interpretation
- Type: Comp-related (exercise/conversion of vested stock options)
- Disposition: Shares were acquired via option exercise and appear to be retained (not immediately sold)
- Size Context: The acquisition of 90,832 shares is moderate β significant in absolute terms but small relative to the reported indirect holding of 1.2M shares; appears routine option exercise rather than a major new accumulation or displacement.
- ATH Metric: Using the transaction price (~$20.55) as the reference, this exercise does not appear to be executed at an extreme all-time high or low price; it sits in a mid-range level historically and therefore does not look opportunistically timed to an ATH or ATL.
- Outlier Check: Not unusually large relative to the reporting person's combined holdings (direct + indirect) and consistent with a common pattern of exercising vested options.
π Bullish or Bearish?
Bullish
Bullish. The filing shows net acquisitions (codes indicate option exercise leading to acquisition, not open-market sell), shares were retained post-exercise, and no 10b5-1 selling plan is indicated β suggesting confidence rather than forced liquidation. Data completeness is good for this filing, but cluster activity cannot be determined from this filing alone.
β
Bottom Line (Retail Takeaway)
This transaction looks like routine option exercise and retention rather than a bearish signal. For retail traders, itβs mostly noise β not a clear short-/mid-term trade trigger unless corroborated by additional insider sales or material company news.