Form 4: 89bio Executive Reports Routine Stock Transaction for Tax Obligations
Insider Transaction Report
Quoc Le-Nguyen, Chief Technical Operations Officer of 89bio, Inc., reported the withholding of shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- Quoc Le-Nguyen, Chief Technical Operations Officer of 89bio, Inc., reported a transaction on June 12, 2025, involving the company's common stock.
- The transaction was a disposition of shares (code 'F') to cover estimated tax withholding obligations arising from the vesting of restricted stock units.
- A total of 8,498 shares were directly withheld, and an additional 534 shares were indirectly withheld through Mr. Le-Nguyen's spouse.
- The value of the shares for this transaction was $9.62 per share.
- Following these transactions, Mr. Le-Nguyen directly beneficially owns 319,825 shares of common stock and indirectly owns 14,216 shares through his spouse.
Sentiment
Score: 5
Explanation: Neutral, as it represents a routine, non-discretionary transaction (tax withholding) related to executive compensation, with no indication of discretionary buying or selling.
Future Outlook
The document, an SEC Form 4, does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically the withholding of shares for tax purposes upon the vesting of restricted stock units. Such transactions are common across all publicly traded companies as part of executive compensation plans and do not typically reflect broader industry trends or competitive positioning.
Related Party Transactions
- The reported transaction is a related party transaction as it involves the disposition of shares by a company officer (insider) to cover tax obligations related to their compensation.
Stakeholder Impact
- Shareholders: Minimal direct impact, as the transaction is a routine tax withholding and does not represent a discretionary sale or purchase by the insider. The number of shares involved is relatively small compared to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 06/12/2025 | Date of transaction where shares were withheld for tax obligations. |
| 06/13/2025 | Date the Form 4 filing was signed. |
Keywords
89bio, ETNB, SEC filing, Form 4, insider transaction, stock ownership, restricted stock units, RSU, tax withholding, beneficial ownership
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