Insider Neil Kumar plans Rule 144 sale for BBIO (NASDAQ: BBIO) stock

Rhea-AI Filing Summary

BBIO insider Neil Kumar has filed a Rule 144 notice to sell 120,000 shares of common stock. The planned sale is to be executed through Morgan Stanley Smith Barney LLC on NASDAQ, with an aggregate market value of $8,912,400.00 based on the figures provided, and is listed against 192,708,813 common shares outstanding.

The 120,000 shares were acquired on 03/26/2016 through the conversion of management incentive units from the issuer, with no separate cash payment noted. The filing also discloses multiple recent Rule 10b5-1 sales over the past three months, including 30,011 shares sold for gross proceeds of $2,239,901.00 on 12/15/2025 for Neil Kumar, and 20,000-share sales by related revocable and irrevocable trusts on several November and December 2025 dates.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	120000	8912400.00	192708813	01/08/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	03/26/2016	Conversion Management Incentive Units	Issuer			120000	03/26/2016	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for NEIL KUMAR 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	12/15/2025	30011	2239901.00
10b5-1 Sales for KUMAR HALDEA REVOCABLE TRUST 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	12/05/2025	20000	1466288.00
10b5-1 Sales for KUMAR HALDEA FAMILY IRREVOCABLE TRUST 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	12/05/2025	20000	1466276.00
10b5-1 Sales for KUMAR HALDEA REVOCABLE TRUST 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	12/04/2025	20000	1487954.00
10b5-1 Sales for KUMAR HALDEA FAMILY IRREVOCABLE TRUST 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	12/04/2025	20000	1487958.00
10b5-1 Sales for NEIL KUMAR 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	11/20/2025	26156	1722223.51
10b5-1 Sales for KUMAR HALDEA REVOCABLE TRUST 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	11/07/2025	20000	1228478.00
10b5-1 Sales for KUMAR HALDEA FAMILY IRREVOCABLE TRUST 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	11/07/2025	20000	1228514.00
10b5-1 Sales for KUMAR HALDEA REVOCABLE TRUST 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	11/06/2025	20000	1263020.00
10b5-1 Sales for KUMAR HALDEA FAMILY IRREVOCABLE TRUST 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	11/06/2025	20000	1263096.00
10b5-1 Sales for KUMAR HALDEA REVOCABLE TRUST 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	10/09/2025	20000	1096046.00
10b5-1 Sales for KUMAR HALDEA FAMILY IRREVOCABLE TRUST 3160 PORTER DRIVE SUITE 250 Palo Alto CA 94304	Common	10/09/2025	20000	1096046.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the BBIO Form 144 filing disclose?

The filing discloses that Neil Kumar, an insider associated with BBIO, has filed a Rule 144 notice to sell 120,000 shares of the company’s common stock through Morgan Stanley Smith Barney LLC on NASDAQ.

How many BBIO shares are planned to be sold under this Rule 144 notice?

The notice covers a proposed sale of 120,000 shares of BBIO common stock, with an indicated aggregate market value of $8,912,400.00.

When and how were the 120,000 BBIO shares originally acquired?

The 120,000 shares were acquired on 03/26/2016 via a Conversion of Management Incentive Units from the issuer, with the nature of payment listed as N/A.

How many BBIO shares are shown as outstanding in this filing?

The securities information section lists 192,708,813 BBIO common shares as outstanding.

What prior BBIO stock sales are disclosed for the past three months?

The filing lists multiple Rule 10b5-1 sales of BBIO common stock in the past three months, including 30,011 shares sold for $2,239,901.00 on 12/15/2025 for Neil Kumar and several 20,000-share sales by the Kumar Haldea revocable and family irrevocable trusts in October, November, and December 2025.

Which broker is handling the planned BBIO share sale under Rule 144?

The proposed sale of BBIO common stock is to be handled by Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004.

On which exchange are the BBIO shares to be sold according to the notice?

The notice identifies NASDAQ as the securities exchange on which the BBIO common shares are to be sold.