SCHEDULE: Nantahala Capital Amends Evolus Stake to 8.85%

Nantahala Capital Management, along with Wilmot B. Harkey and Daniel Mack, filed an amended Schedule 13G disclosing a shared beneficial ownership of 8.85% in Evolus, Inc. common stock.

Summary

• Nantahala Capital Management, LLC, Wilmot B. Harkey, and Daniel Mack (Reporting Persons) filed an Amendment No. 1 to Schedule 13G.
• The filing pertains to their beneficial ownership of Common Stock, par value $0.00001 per share, of Evolus, Inc.
• As of September 30, 2025, the Reporting Persons collectively beneficially own 5,726,857 shares.
• This represents 8.85% of the total class of Evolus, Inc. common stock outstanding.
• The Reporting Persons have shared voting power and shared dispositive power over all 5,726,857 shares.
• They certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Evolus, Inc.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of ownership and does not contain performance or operational updates.

Positives

• Nantahala Capital Management, a significant institutional investor, maintains a substantial stake in Evolus, Inc., indicating continued confidence in the company.

Future Outlook

Not applicable as this filing is an ownership disclosure and does not contain forward-looking statements or guidance from the issuer.

Industry Context

This filing is a routine disclosure of institutional ownership and does not provide specific insights into broader industry trends or competitive landscape for Evolus, Inc. It primarily reflects an investment firm's position in the company.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can be a signal of confidence.

Key Dates

Keywords

Evolus Inc., Nantahala Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, EVOLUS, 30052C107