Form 4: 89bio Executive Quoc Le-Nguyen Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Quoc Le-Nguyen, Chief Technical Operations Officer and Head of Quality at 89bio, Inc., disposed of 5,352 shares of common stock on September 9, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On September 9, 2024, Quoc Le-Nguyen, Chief Technical Operations Officer and Head of Quality at 89bio, Inc., disposed of 5,352 shares of common stock.
- The transaction was executed to cover the estimated tax withholding obligation associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $8.46 per share.
- Following the transaction, Le-Nguyen directly owns 215,751 shares of 89bio, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction to cover tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Executives often sell shares to cover tax obligations or diversify their holdings.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of transaction: Quoc Le-Nguyen disposed of 5,352 shares of common stock. |
| 09/10/2024 | Date of signature: Ryan A. Murr, as attorney-in-fact for Quoc Le-Nguyen, signed the Form 4. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.