Company: KROS
Filing Date: 2025-04-11
Form Type: SCHEDULE 13D
Source: 0001104659-25-034310
Chunk: 1

Company: Keros Therapeutics, Inc.
Filing Date: 2025-04-11
Form: SCHEDULE 13D
Chunk 1
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aded put options, purchased on February 27, 2025 and March 3, 2025, relating to 131,400 shares of Common Stock that expire on May 16, 2025 (the "Short Puts"). ADAR1 Partners, LP holds Long Puts that relate to 1,500 shares of Common Stock and Spearhead Insurance Solutions IDF, LLC holds Long Puts that relate to 200 shares of Common Stock. ADAR1 Partners, LP holds Short Puts that relate to 113,600 shares of Common Stock and Spearhead Insurance Solutions IDF, LLC holds Short Puts that relate to 17,800 shares of Common Stock. The Short Puts have a strike price of $10. The Long Puts have a strike price of $60 for 100 shares of Common Stock and $70 for 1,600 shares of Common Stock. The Long Puts provide the Reporting Persons the right to sell the underlying shares of Common Stock. If exercised by the counter party to the Short Puts, the Short Puts would require the Reporting Persons to purchase the underlying shares of Common Stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
 The Reporting Persons entered into cash-settled equity-based swap agreements between December 26, 2024 and January 16, 2025 with an independent bank counterparty based on the value of a specified number of notional shares of common stock of the Issuer and other issuers (the "Basket"). As of the date of this Schedule 13D, the number of notional shares of Common Stock of the Issuer included in the Basket is 50,000 shares. Pursuant to the terms of each swap contract, if the weighted average price per share is less than the weighted average price per share from the prior month-end (the "Price") as of the payment date, the bank counterparty must pay the respective Reporting Person the product of (a) the number of shares in the Basket on the payment date, multiplied by (b) the current market price per share on the payment date, less the Price per share, subject to set off versus such Reporting Person's payment obligation. In the event that the per share price is more than the Price as of the payment date, the respective Reporting Person must pay the bank counterparty the product of (a) the number of shares in the Basket on the payment date, multiplied by (b) the Price per share, less the current market price per share on the payment date. The Reporting Persons entered into