Form 4: 89bio Executive Quoc Le-Nguyen Reports Stock Transaction

Quoc Le-Nguyen, Chief Technical Operations Officer and Head of Quality at 89bio, Inc., reports the disposal of 1,046 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• On August 17, 2024, Quoc Le-Nguyen, Chief Technical Operations Officer and Head of Quality at 89bio, Inc., disposed of 1,046 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 sold at a price of $8.04 per share.
• Following the transaction, Le-Nguyen directly owns 221,103 shares of 89bio, Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations. It doesn't indicate any significant positive or negative developments for the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, allowing investors to monitor the actions of company executives and major shareholders.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares being sold by an executive to cover tax obligations.

Key Dates