SCHEDULE: Exicure HiTron Reduces Stake in Exicure, Inc.

Exicure HiTron Inc. has reduced its beneficial ownership in Exicure, Inc. to 29.2% after transferring 734,747 shares for $3.3 million.

Summary

• Exicure HiTron Inc. completed the transfer of 734,747 shares of Exicure, Inc. common stock on January 16, 2026.
• The shares were transferred at a price of $4.50 per share, generating aggregate proceeds of $3,306,361.5 for Exicure HiTron Inc.
• The transferees were Daolam Co., Ltd (246,913 shares), Lee So Jung (243,918 shares), and Kim Jun Sue (243,916 shares).
• Following this transaction, Exicure HiTron Inc.'s beneficial ownership in Exicure, Inc. stands at 1,857,314 shares, representing approximately 29.2% of the outstanding common stock.
• The beneficial ownership percentage is calculated based on 6,373,869 shares of common stock outstanding as of November 3, 2025, as reported in Exicure, Inc.'s Form 10-Q filed on November 7, 2025.

Sentiment

Score: 5

Explanation: The filing reports a significant shareholder's partial divestment, which is a factual transaction disclosure without explicit positive or negative implications for the issuer's operational performance.

Positives

• Exicure HiTron Inc. realized $3,306,361.5 in proceeds from the share transfer.

Negatives

• Exicure HiTron Inc. significantly reduced its beneficial ownership in Exicure, Inc. by transferring 734,747 shares.

Future Outlook

No forward-looking statements or guidance are provided in this filing.

Industry Context

This filing primarily details a change in beneficial ownership by a significant shareholder, Exicure HiTron Inc., in Exicure, Inc. It does not provide information directly related to broader industry trends or competitive landscape for Exicure, Inc.

Related Party Transactions

• The filing discloses the transfer of shares from Exicure HiTron Inc. to three specific transferees: Daolam Co., Ltd, Lee So Jung, and Kim Jun Sue. The nature of the relationship between Exicure HiTron Inc. and these transferees is not detailed, so it cannot be definitively classified as a related party transaction based solely on this document.

Stakeholder Impact

• Shareholders of Exicure, Inc. will see a reduction in the beneficial ownership percentage held by Exicure HiTron Inc., potentially altering the influence dynamics of a major shareholder.
• Exicure HiTron Inc. has monetized a portion of its investment in Exicure, Inc.

Key Dates

Recommendation

Exicure HiTron Inc.'s reduction of its stake in Exicure, Inc. from a higher percentage to 29.2% is a significant ownership change. While the reporting person received substantial proceeds, this partial divestment by a major shareholder warrants a 'hold' recommendation as investors should assess the implications of this reduced institutional backing in conjunction with the issuer's broader financial health and strategic direction before making further investment decisions.

Keywords

Exicure, HiTron, Schedule 13D, share transfer, beneficial ownership, common stock, divestment