Hoyoung Huh - Jun 23, 2023 Form 4 Insider Report for Peak Bio, Inc. (PKBO)

Role: Director, 10%+ Owner
Signature: /s/ Dr. Hoyoung Huh
Stock symbol: PKBO
Transactions as of: Jun 23, 2023
Transactions value $: $400,000
Form type: 4
Date filed: 6/27/2023, 05:00 PM
Previous filing: Jun 8, 2023
Next filing: Jul 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PKBO	Common Stock	Exercise of in-the-money or at-the-money derivative security	$400K	+667K	+10.37%	$0.60	7.09M	Jun 23, 2023	Direct	F1
holding	PKBO	Common Stock						373K	Jun 23, 2023	See footnote	F1, F2

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	PKBO	Warrant (Right to Purchase)	Exercise of in-the-money or at-the-money derivative security	$0	-667K	-35.37%	$0.00	1.22M	Jun 23, 2023	Common Stock	667K	$0.60	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Due to an administrative error in the Reporting Person's previous Form 4, the number of shares beneficially owned is being corrected in this Form 4 to match the Reporting Person's Schedule 13D filed on March 21, 2023.
F2	The securities are held by Hannol Ventures LLC (the "LLC"). The Reporting Person is sole member of the LLC.