Braden Michael Leonard - May 28, 2025 Form 4 Insider Report for AN2 Therapeutics, Inc. (ANTX)

Role: 10%+ Owner
Signature: Braden Michael Leonard
Stock symbol: ANTX
Transactions as of: May 28, 2025
Transactions value $: -$2,872,477
Form type: 4
Date filed: 5/30/2025, 05:40 PM
Previous filing: Apr 24, 2025
Next filing: Jun 16, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Leonard Braden Michael	10%+ Owner	65 E CEDAR - SUITE 2, ZIONSVILLE	Braden Michael Leonard	2025-05-30	0001373603

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ANTX	Common Stock	Sale	-$2.32M	-2M	-34.79%	$1.16	3.75M	May 28, 2025	Holding of BML Investment Partners, L.P.	F1
transaction	ANTX	Common Stock	Sale	-$116K	-100K	-2.67%	$1.16	3.65M	May 28, 2025	Holding of BML Investment Partners, L.P.	F1
transaction	ANTX	Common Stock	Sale	-$429K	-425K	-11.65%	$1.01	3.22M	May 30, 2025	Holding of BML Investment Partners, L.P.	F1
transaction	ANTX	Common Stock	Sale	-$7.23K	-7K	-0.22%	$1.03	3.22M	May 30, 2025	Holding of BML Investment Partners, L.P.	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	BML Capital Management, LLC ("BML Capital") serves as the general partner of BML Investment Partners, L.P., a Delaware limited partnership (the "Fund"), which is the direct owner of the subject shares. Mr. Leonard is the managing member of BML Capital, and exercises investment and voting control over the subject shares. Accordingly, shares owned directly by the Fund may be regarded as being beneficially owned by Mr. Leonard. Notwithstanding, Mr. Leonard disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F2	The shares were sold in multiple transactions at an average price of $1.0324.

Content

BML Capital Management, LLC ("BML Capital") serves as the general partner of BML Investment Partners, L.P., a Delaware limited partnership (the "Fund"), which is the direct owner of the subject shares. Mr. Leonard is the managing member of BML Capital, and exercises investment and voting control over the subject shares. Accordingly, shares owned directly by the Fund may be regarded as being beneficially owned by Mr. Leonard. Notwithstanding, Mr. Leonard disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

The shares were sold in multiple transactions at an average price of $1.0324.