ADAR1 Partners, LP's Form 4 filing
Keros Therapeutics, Inc. (KROS) · filed Apr 11, 2025
- Accession no.
- 0001104659-25-034321
- Filed
- Apr 11, 2025, 9:57 PM ET
- Trade date
- Apr 9, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 5 non-derivative transactions and 3 derivative transactions. Open-market purchases total $9.46M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| ADAR1 Partners, LPCIK 0001758866 | 10% Owner |
| Schneeberger DanielCIK 0001861120 | 10% Owner |
| ADAR1 Capital Management GP, LLCCIK 0001940267 | 10% Owner |
| ADAR1 Capital Management, LLCCIK 0001940272 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Apr 9, 2025 | Common Stock | PPurchaseAcquired | +18,560 | $9.40F2 | +$174,374.91 | 3,493,404 | Indirect | |
| Apr 9, 2025 | Common Stock | PPurchaseAcquired | +16,365 | $9.40F3 | +$153,752.45 | 743,558 | Indirect | |
| Apr 9, 2025 | Common Stock | PPurchaseAcquired | +325,000 | $9.86F4 | +$3,203,525 | 3,818,404 | Indirect | |
| Apr 9, 2025 | Common Stock | PPurchaseAcquired | +500,000 | $10.33 | +$5,165,000 | 4,318,404 | Indirect | |
| Apr 9, 2025 | Common Stock | PPurchaseAcquired | +74,333 | $10.33 | +$767,859.89 | 4,392,737 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
The reported price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.21 to $9.56, inclusive.
Referenced by the price of 1 transaction in Table I.
- F3
The reported price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.21 to $9.56, inclusive.
Referenced by the price of 1 transaction in Table I.
- F4
The reported price is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.13 to $10.60, inclusive.
Referenced by the price of 1 transaction in Table I.
- F5
In connection with the purchase of 325,000 securities reported as being purchased in Table 1, ADAR1 Partners, LP and the counterparty to the cash-settled total equity swaps previously reported agreed to reduce the number of notional shares of Common Stock of the Issuer in the applicable basket by a corresponding number of 325,000 shares. As a result, the aggregate number of notional shares of Common Stock of the Issuer in the applicable basket after giving effect to such transactions is 624,333 shares.
Referenced by the price of 1 transaction in Table II.
- F6
In connection with the purchase of 500,000 securities reported as being purchased in Table 1, ADAR1 Partners, LP and the counterparty to the cash-settled total equity swaps previously reported agreed to reduce the number of notional shares of Common Stock of the Issuer in the applicable basket by a corresponding number of 500,000 shares. As a result, the aggregate number of notional shares of Common Stock of the Issuer in the applicable basket after giving effect to such transactions is 124,333 shares.
Referenced by the price of 1 transaction in Table II.
- F7
In connection with the purchase of 74,333 securities reported as being purchased in Table 1, ADAR1 Partners, LP and the counterparty to the cash-settled total equity swaps previously reported agreed to reduce the number of notional shares of Common Stock of the Issuer in the applicable basket by a corresponding number of 74,333 shares. As a result, the aggregate number of notional shares of Common Stock of the Issuer in the applicable basket after giving effect to such transactions is 50,000 shares.
Referenced by the price of 1 transaction in Table II.