SCHEDULE 13G 0002062655 XXXXXXXX LIVE Common Stock 05/28/2025 0001880438 AN2 Therapeutics, Inc. 037326105 1800 EL CAMINO REAL, SUITE D MENLO PARK CA 94027 Rule 13d-1(b) Rule 13d-1(c) Coastlands Capital LP b DE 0.00 2815900.00 0.00 2815900.00 2815900.00 N 9.3 IA PN Percentage calculated based on 30,175,720 shares of Common Stock outstanding on May 5, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended March 31, 2025. Coastlands Capital Partners LP b DE 0.00 2815900.00 0.00 2815900.00 2815900.00 N 9.3 PN Percentage calculated based on 30,175,720 shares of Common Stock outstanding on May 5, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended March 31, 2025. Coastlands Capital GP LLC b DE 2815900.00 0.00 2815900.00 0.00 2815900.00 N 9.3 OO Percentage calculated based on 30,175,720 shares of Common Stock outstanding on May 5, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended March 31, 2025. Coastlands Capital LLC b DE 0.00 2815900.00 0.00 2815900.00 2815900.00 N 9.3 HC OO Percentage calculated based on 30,175,720 shares of Common Stock outstanding on May 5, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended March 31, 2025. Matthew D. Perry b X1 0.00 2815900.00 0.00 2815900.00 2815900.00 N 9.3 HC IN Percentage calculated based on 30,175,720 shares of Common Stock outstanding on May 5, 2025, as reported in the Form 10-Q filed by the Issuer for the quarter ended March 31, 2025. AN2 Therapeutics, Inc. 1800 El Camino Real, Suite D, Menlo Park, CA 94027 Coastlands Capital LP, a Delaware limited partnership ("Coastlands") Coastlands Capital Partners LP, a Delaware limited partnership (the "Partnership") Coastlands Capital GP LLC, a Delaware limited liability company (the "General Partner") Coastlands Capital LLC, a Delaware limited liability company ("Coastlands GP") Matthew D. Perry Coastlands and the General Partner are the investment adviser and general partner, respectively, of the Partnership. Coastlands GP is the general partner of Coastlands. Mr. Perry is the control person of Coastlands, Coastlands GP and the General Partner. The reporting persons are filing this Schedule 13G jointly, but not as members of a group, and each disclaims membership in a group. Each reporting person also disclaims beneficial ownership of Common Stock except to the extent of that person's pecuniary interest therein. In addition, the filing of this Schedule 13G on behalf of the Partnership should not be construed as an admission that it is, and it disclaims that it is, a beneficial owner, as defined in Rule 13d-3 under the Act, of any Common Stock covered by this Schedule 13G. 601 California Street, Suite 1210, San Francisco, CA 94108 See Item 4 of the cover sheet for each reporting person. N IA HC Coastlands: 2,815,900 Partnership: 2,815,900 General Partner: 2,815,900 Coastlands GP: 2,815,900 Matthew D. Perry: 2,815,900 Coastlands: 9.3% Partnership: 9.3% General Partner: 9.3% Coastlands GP: 9.3% Matthew D. Perry: 9.3% Coastlands: 0 Partnership: 0 General Partner: 0 Coastlands GP: 0 Matthew D. Perry: 0 Coastlands: 2,815,900 Partnership: 2,815,900 General Partner: 2,815,900 Coastlands GP: 2,815,900 Matthew D. Perry: 2,815,900 Coastlands: 0 Partnership: 0 General Partner: 0 Coastlands GP: 0 Matthew D. Perry: 0 Coastlands: 2,815,900 Partnership: 2,815,900 General Partner: 2,815,900 Coastlands GP: 2,815,900 Matthew D. Perry: 2,815,900 Y N The Partnership holds Common Stock for the benefit of its investors and has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Common Stock. Y Y Y N 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. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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. Exhibit 99.1 - Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G Coastlands Capital LP /s/ Mark Shamia 06/04/2025 Coastlands Capital Partners LP /s/ Mark Shamia 06/04/2025 Coastlands Capital GP LLC /s/ Mark Shamia 06/04/2025 Coastlands Capital LLC /s/ Mark Shamia 06/04/2025 Matthew D. Perry /s/ Matthew D. Perry 06/04/2025