Form 4: 89bio Officer Le-Nguyen Quoc Reports Sale of Common Stock

Quoc Le-Nguyen, Chief Technical Operations Officer of 89bio, Inc., reported the sale of 15,329 shares of common stock on April 15, 2025, according to a Form 4 filing with the SEC.

Summary

• On April 15, 2025, Quoc Le-Nguyen, Chief Technical Operations Officer of 89bio, Inc. (ETNB), sold 15,329 shares of common stock.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on July 1, 2024.
• The shares were sold at a weighted average price of $5.95, with individual transaction prices ranging from $5.87 to $6.09.
• Following the transaction, Le-Nguyen directly owns 328,323 shares of 89bio, Inc.
• Le-Nguyen also indirectly owns 14,750 shares through a spouse.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider stock sale. The sale was conducted under a pre-arranged trading plan, which mitigates concerns about opportunistic trading. Therefore, the sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company officers and directors.

Stakeholder Impact

• The sale of shares by a company officer could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates this concern.

Key Dates

Keywords

Form 4, 89bio, ETNB, Insider Trading, Stock Sale, Le-Nguyen Quoc, Rule 10b5-1