Form 4: Equillium Inc. Principal Accounting Officer Tom Penny Reports Sale of Common Stock

Principal Accounting Officer Tom Penny reports selling 38,806 shares of Equillium, Inc. common stock at an average price of $0.85 per share.

Summary

• On September 16, 2024, Tom Penny, Principal Accounting Officer of Equillium, Inc., sold 38,806 shares of common stock.
• The sale was executed at a weighted average price of $0.85 per share, with individual transactions ranging from $0.83 to $0.90.
• The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on June 14, 2024.
• Following the transaction, Penny directly owns 10,051 shares of Equillium, Inc.
• This includes 15,000 shares acquired through the company's 2018 Employee Stock Purchase Plan on June 10, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a stock sale by an officer. It doesn't inherently indicate positive or negative prospects for the company.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider and provides limited insight into broader industry trends.

Stakeholder Impact

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

Key Dates