[SCHEDULE 13G/A] FibroGen, Inc SEC Filing

Rhea-AI Filing Summary

Dell Technologies Inc. – Form 144 insider sale notice. Director William D. Green has filed to sell up to 30,000 Class C shares through Fidelity Brokerage Services. At the 07/29/2025 filing date the shares are valued at an estimated $4.05 million, based on an implied $135.00/share price.
• The shares stem from an option granted on 09/14/2016 and will be sold on or about 07/29/2025 on the NYSE.
• Outstanding Class C shares: 339.7 million; the proposed sale equals roughly 0.009 % of the class.

The filing also discloses that Green sold 20,000 Class C shares on 07/18/2025, generating $2.6 million of gross proceeds. Combined, the insider has liquidated or intends to liquidate 50,000 shares worth about $6.65 million over a two-week period.

Positive

• None.

Negative

• Insider selling: Director William D. Green intends to sell 30 k shares (~$4.05 m) after selling 20 k shares earlier, which some investors may view as a bearish signal.

Insights

Portfolio Manager

TL;DR: Director plans additional $4 m share sale after recent $2.6 m sale; minor dilution, may hint at profit-taking, not operations.

Form 144 signals William D. Green, long-time Dell director, intends to sell 30 k Class C shares (~$4.05 m) and has already sold 20 k shares for $2.6 m. The combined 50 k shares equal <0.02 % of Dell’s ~340 m outstanding Class C shares, so market impact should be negligible. The filing provides no information on Dell’s fundamentals; therefore the sale appears to be personal portfolio rebalancing rather than a response to undisclosed adverse news (affirmed by Rule 144 representation). Insider selling can be perceived cautiously by some investors, but the small percentage and routine nature keep the event neutral for valuation.

Corporate Governance Expert

TL;DR: Routine Form 144 from director; volume immaterial, no governance red flags detected.

Rule 144 notices are standard for insiders disposing of restricted stock or options. Green’s planned sale follows SEC rules, identifies broker, and certifies no undisclosed MNPI. Volume is well below the 1 %/90-day safe harbor, indicating compliance. Absence of a 10b5-1 date suggests a discretionary sale, but still within regulatory limits. Governance perspective: transaction size poses no control implications and does not signal strategic shift. Overall governance impact is neutral.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 12)

FibroGen Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

31572Q881

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 31572Q881

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 176,616.00
8	Shared Dispositive Power 1,424.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

178,040.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.40 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FibroGen Inc
(b)	Address of issuer's principal executive offices: 350 Bay St, Ste 100 No 6009, San Francisco, CA, 94133
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd., Malvern, PA 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 31572Q881
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 178040
(b)	Percent of class: 4.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 176616
	(iv) Shared power to dispose or to direct the disposition of: 1424
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	07/29/2025

FAQ

How many Dell (DELL) shares are being sold under this Form 144?

Up to 30,000 Class C shares are proposed for sale.

What is the estimated market value of the shares in Dell's Form 144 filing?

The 30,000 shares are valued at approximately $4.05 million.

Who is the insider selling Dell shares?

William D. Green, a director of Dell Technologies Inc.

When is the approximate sale date for the shares?

On or about 07/29/2025, according to the filing.

How many Dell shares did the insider sell in the past three months?

He sold 20,000 Class C shares on 07/18/2025 for $2.6 million.

What percentage of Dell's outstanding Class C shares does the proposed sale represent?

Roughly 0.009 % of the 339.7 million Class C shares outstanding.