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            <issuerName>AN2 THERAPEUTICS INC</issuerName>
            <secFileNumber>001-41331</secFileNumber>
            <issuerAddress>
                <ns2:street1>1800 El Camino Real, Suite D </ns2:street1>
                <ns2:city>Menlo Park</ns2:city>
                <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                <ns2:zipCode>94027</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>6503319090</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>ADJUVANT CAPITAL GP, L.P. </nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
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        <securitiesInformation>
            <securitiesClassTitle>COMMON</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>38th Fl.</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
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            <noOfUnitsSold>86398</noOfUnitsSold>
            <aggregateMarketValue>1378912.08</aggregateMarketValue>
            <noOfUnitsOutstanding>21928452</noOfUnitsOutstanding>
            <approxSaleDate>09/29/2023</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
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        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>11/20/2019</acquiredDate>
            <natureOfAcquisitionTransaction>Investment fund shares</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>86398</amountOfSecuritiesAcquired>
            <paymentDate>11/20/2019</paymentDate>
            <natureOfPayment>N/A</natureOfPayment>
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                <name>10b5-1 Sales for ADJUVANT CAPITAL GP, L.P. ,LP C/OADJUVANT CAPITAL MANAGEMENT, LLCPARTNER</name>
                <address>
                    <ns2:street1>1800 El Camino Real, Suite D </ns2:street1>
                    <ns2:city>Menlo Park</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>94027</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>09/28/2023</saleDate>
            <amountOfSecuritiesSold>8516</amountOfSecuritiesSold>
            <grossProceeds>137152.32</grossProceeds>
        </securitiesSoldInPast3Months>
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            <sellerDetails>
                <name>10b5-1 Sales for ADJUVANT CAPITAL GP, L.P. ,LP C/OADJUVANT CAPITAL MANAGEMENT, LLCPARTNER</name>
                <address>
                    <ns2:street1>1800 El Camino Real, Suite D </ns2:street1>
                    <ns2:city>Menlo Park</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>94027</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>09/27/2023</saleDate>
            <amountOfSecuritiesSold>841</amountOfSecuritiesSold>
            <grossProceeds>13511.73</grossProceeds>
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                <address>
                    <ns2:street1>1800 El Camino Real, Suite D </ns2:street1>
                    <ns2:city>Menlo Park</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>94027</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>09/13/2023</saleDate>
            <amountOfSecuritiesSold>400</amountOfSecuritiesSold>
            <grossProceeds>6400.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for ADJUVANT CAPITAL GP, L.P. ,LP C/OADJUVANT CAPITAL MANAGEMENT, LLCPARTNER</name>
                <address>
                    <ns2:street1>1800 El Camino Real, Suite D </ns2:street1>
                    <ns2:city>Menlo Park</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>94027</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>09/07/2023</saleDate>
            <amountOfSecuritiesSold>3378</amountOfSecuritiesSold>
            <grossProceeds>54230.61</grossProceeds>
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        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for ADJUVANT CAPITAL GP, L.P. ,LP C/OADJUVANT CAPITAL MANAGEMENT, LLCPARTNER</name>
                <address>
                    <ns2:street1>1800 El Camino Real, Suite D </ns2:street1>
                    <ns2:city>Menlo Park</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>94027</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>09/06/2023</saleDate>
            <amountOfSecuritiesSold>3762</amountOfSecuritiesSold>
            <grossProceeds>60285.51</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>10b5-1 Sales for ADJUVANT CAPITAL GP, L.P. ,LP C/OADJUVANT CAPITAL MANAGEMENT, LLCPARTNER</name>
                <address>
                    <ns2:street1>1800 El Camino Real, Suite D </ns2:street1>
                    <ns2:city>Menlo Park</ns2:city>
                    <ns2:stateOrCountry>CA</ns2:stateOrCountry>
                    <ns2:zipCode>94027</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>08/23/2023</saleDate>
            <amountOfSecuritiesSold>400</amountOfSecuritiesSold>
            <grossProceeds>6400.00</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>09/29/2023</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>12/08/2022</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ Kabeer Aziz on behlaf of ADJUVANT CAPITAL GP, L.P. </signature>
        </noticeSignature>
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144
0001935100
XXXXXXXX
LIVE
0001880438
AN2 THERAPEUTICS INC
001-41331
1800 El Camino Real, Suite D
Menlo Park
CA
94027
6503319090
ADJUVANT CAPITAL GP, L.P.
Officer
COMMON
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
38th Fl.
New York
NY
10004
86398
1378912.08
21928452
09/29/2023
NASDAQ
Common
11/20/2019
Investment fund shares
Issuer
N
86398
11/20/2019
N/A
N
10b5-1 Sales for ADJUVANT CAPITAL GP, L.P. ,LP C/OADJUVANT CAPITAL MANAGEMENT, LLCPARTNER
1800 El Camino Real, Suite D
Menlo Park
CA
94027
Common
09/28/2023
8516
137152.32
10b5-1 Sales for ADJUVANT CAPITAL GP, L.P. ,LP C/OADJUVANT CAPITAL MANAGEMENT, LLCPARTNER
1800 El Camino Real, Suite D
Menlo Park
CA
94027
Common
09/27/2023
841
13511.73
10b5-1 Sales for ADJUVANT CAPITAL GP, L.P. ,LP C/OADJUVANT CAPITAL MANAGEMENT, LLCPARTNER
1800 El Camino Real, Suite D
Menlo Park
CA
94027
Common
09/13/2023
400
6400.00
10b5-1 Sales for ADJUVANT CAPITAL GP, L.P. ,LP C/OADJUVANT CAPITAL MANAGEMENT, LLCPARTNER
1800 El Camino Real, Suite D
Menlo Park
CA
94027
Common
09/07/2023
3378
54230.61
10b5-1 Sales for ADJUVANT CAPITAL GP, L.P. ,LP C/OADJUVANT CAPITAL MANAGEMENT, LLCPARTNER
1800 El Camino Real, Suite D
Menlo Park
CA
94027
Common
09/06/2023
3762
60285.51
10b5-1 Sales for ADJUVANT CAPITAL GP, L.P. ,LP C/OADJUVANT CAPITAL MANAGEMENT, LLCPARTNER
1800 El Camino Real, Suite D
Menlo Park
CA
94027
Common
08/23/2023
400
6400.00
09/29/2023
12/08/2022
/s/ Kabeer Aziz on behlaf of ADJUVANT CAPITAL GP, L.P.