Freeman Roy Lester Form 4 Inhibikase Therapeutics / Roy Lester Freeman ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Freeman Roy Lester

(Last) (First) (Middle)

3350 RIVERWOOD PARKWAY SE, SUITE 1900

(Street)

ATLANTA GA 30339

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Inhibikase Therapeutics, Inc. [ IKT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$33.43(1)	01/21/2025		D(2)			21,854(1)	(3)	07/28/2026	Common Stock	21,854(1)	$0(2)	0	D
Stock Option (Right to Buy)	$1.26	01/21/2025		A(2)		21,854(1)		(3)	07/28/2026	Common Stock	21,854(1)	$0(2)	21,854(1)	D
Stock Option (Right to Buy)	$60(1)	01/21/2025		D(2)			1,138(1)	(3)	12/22/2027(4)	Common Stock	1,138(1)	$0(2)	0	D
Stock Option (Right to Buy)	$1.26	01/21/2025		A(2)		1,138(1)		(3)	12/22/2027	Common Stock	1,138(1)	$0(2)	1,138(1)	D
Stock Option (Right to Buy)	$17.52(1)	01/21/2025		D(2)			3,780(1)	(3)	06/25/2028	Common Stock	3,780(1)	$0(2)	0	D
Stock Option (Right to Buy)	$1.26	01/21/2025		A(2)		3,780(1)		(3)	06/25/2028	Common Stock	3,780(1)	$0(2)	3,780(1)	D
Stock Option (Right to Buy)	$4.86(1)	01/21/2025		D(2)			6,667(1)	(3)	06/24/2029	Common Stock	6,667(1)	$0(2)	0	D
Stock Option (Right to Buy)	$1.26	01/21/2025		A(2)		6,667(1)		(3)	06/24/2029	Common Stock	6,667(1)	$0(2)	6,667(1)	D
Stock Option (Right to Buy)	$3.61	01/21/2025		D(2)			6,667	(3)	06/30/2030	Common Stock	6,667	$0(2)	0	D
Stock Option (Right to Buy)	$1.26	01/21/2025		A(2)		6,667		(3)	06/30/2030	Common Stock	6,667	$0(2)	6,667	D
Stock Option (Right to Buy)	$1.54	01/21/2025		D(2)			30,000	(3)	07/16/2031	Common Stock	30,000	$0(2)	0	D
Stock Option (Right to Buy)	$1.26	01/21/2025		A(2)		30,000		(3)	07/16/2031	Common Stock	30,000	$0(2)	30,000	D

Explanation of Responses:

1. The number of shares and the exercise price have been adjusted to reflect a one-for-six reverse stock split of the Issuer's common stock effected on June 30, 2023.

2. The transactions reported herein reflect an option repricing (the "Repricing") effective on January 21, 2025. The Repricing was approved by the Issuer's Board of Directors on October 9, 2024 and the Issuer's stockholders on January 3, 2025. All of the other terms of the options remain unchanged. Such transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act, as applicable.

3. This stock option award was issued pursuant to the Inhibikase Therapeutics, Inc. 2011 Equity Incentive Plan or the Inhibikase Therapeutics, Inc. 2020 Equity Incentive Plan, as applicable, and becomes exercisable in accordance with the vesting schedule specified in the award agreement and as previously reported on applicable Form 4, subject to the Reporting Person's continued service with the Issuer as of the applicable vesting date.

4. The acquisition of the reported option was reported in a Form 4 filed on December 29, 2020, which mistakenly reported the expiration date as December 22, 2030.

	/s/ Milton H. Werner, attorney-in-fact	01/22/2025
	** Signature of Reporting Person	Date
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