[144] BridgeBio Pharma, Inc. SEC Filing
BridgeBio Pharma, Inc. (BBIO) – Form 144 notice of proposed sale
This filing informs the SEC of an intended insider sale under Rule 144:
- Securities: Common Stock
- Shares to be sold: 100,000
- Aggregate market value: $4,422,803.30
- Portion of outstanding: ≈0.05% of the 189,880,720 shares outstanding
- Broker: Merrill Lynch, 555 California St, 18th Fl, San Francisco, CA 94104
- Planned sale date: 24 Jun 2025 on Nasdaq
- How acquired: 200,000-share stock bonus received 1 Oct 2021 from BridgeBio Pharma
- No sales by the filer during the past three months.
The signer attests that no undisclosed material adverse information is known. The notice authorises—but does not require—sales within the next 90 days.
- None.
- Insider intends to sell 100,000 BBIO shares valued at $4.42 M, potentially signaling reduced executive sentiment.
Insights
TL;DR Insider plans to sell 100k BBIO shares (~$4.4 M), a routine 0.05% of float; market impact likely minimal.
The Form 144 signals an affiliate’s intention to dispose of 100,000 BridgeBio shares at an estimated value of $4.42 million. Relative to the 189.9 million shares outstanding, the stake is de-minimis, representing roughly 0.05% of issued equity. Acquisition via a 200,000-share stock bonus suggests compensation-related ownership rather than a broad strategic divestiture. No prior sales in the last three months temper concerns over persistent selling pressure. Rule 144 filings are procedural; execution may or may not occur, and the window is limited to 90 days. Absent other context, the disclosure is judged neutral for valuation, though investors often monitor insider disposition for sentiment cues.