SABBY MANAGEMENT, LLC Hedge Fund

Location: Miami Beach, FL

CIK: 0001535610 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $69.51M (100.0% shares, 0.0% debt)

Holdings (33)

— SPDR S&P 500 ETF 34.2%

Value $23.8M Shares 349 Share Price $68192.00 Est. Cost/Share — Unrealized @ Report Date —

— ISHARES TR 23.0%

Value $16M Shares 650 Share Price $24616.00 Est. Cost/Share — Unrealized @ Report Date —

— ISHARES TR 20.0%

Value $13.88M Shares 564 Share Price $24616.00 Est. Cost/Share — Unrealized @ Report Date —

— ABIVAX SA 3.1%

Value $2.158M Shares 160 Share Price $13485.50 Est. Cost/Share — Unrealized @ Report Date —

— BIG TREE CLOUD HLDGS LTD 2.3%

Value $1.572M Shares 5,769,988 Share Price $0.27 * Est. Cost/Share $25.60 Unrealized @ Report Date -56.6%

EMPD EMPERY DIGITAL INC 2.2%

Value $1.561M Shares 341,857 Share Price $4.56 * Est. Cost/Share $7.80 Unrealized @ Report Date -25.0%

BLNK BLINK CHARGING CO 2.0%

Value $1.418M Shares 2,125,958 Share Price $0.67 * Est. Cost/Share $1.45 Unrealized @ Report Date 0.0%

— BITCOIN DEPOT INC 1.9%

Value $1.292M Shares 1,001,384 Share Price $1.29 * Est. Cost/Share $15.34 Unrealized @ Report Date 0.0%

— GEVO INC 1.8%

Value $1.255M Shares 6,274 Share Price $200.00 Est. Cost/Share — Unrealized @ Report Date —

ABVX ABIVAX SA 1.4%

Value $947K Shares 7,026 Share Price $134.85 Est. Cost/Share $134.85 Unrealized @ Report Date —

LYRA LYRA THERAPEUTICS INC 0.8%

Value $539K Shares 175,158 Share Price $3.08 * Est. Cost/Share $7.39 Unrealized @ Report Date -32.6%

TPST TEMPEST THERAPEUTICS INC 0.7%

Value $513K Shares 178,592 Share Price $2.87 * Est. Cost/Share $7.07 Unrealized @ Report Date 0.0%

— REVELATION BIOSCIENCES INC 0.7%

Value $484K Shares 605,702 Share Price $0.80 Est. Cost/Share $1.01 Unrealized @ Report Date —

SNES SENESTECH INC 0.6%

Value $451K Shares 210,564 Share Price $2.14 * Est. Cost/Share $3.73 Unrealized @ Report Date -16.3%

BDRX BIODEXA PHARMACEUTICALS PLC 0.6%

Value $433K Shares 190,658 Share Price $2.27 Est. Cost/Share $2.27 Unrealized @ Report Date —

CPOP POP CULTURE GROUP CO LTD 0.6%

Value $402K Shares 956,639 Share Price $0.42 * Est. Cost/Share $1.07 Unrealized @ Report Date -44.0%

ZONE CLEANCORE SOLUTIONS INC 0.5%

Value $377K Shares 1,448,598 Share Price $0.26 * Est. Cost/Share $0.84 Unrealized @ Report Date 0.0%

JZXN JIUZI HOLDINGS INC 0.5%

Value $325K Shares 187,951 Share Price $1.73 Est. Cost/Share $1.73 Unrealized @ Report Date —

— ZEVRA THERAPEUTICS INC 0.4%

Value $293K Shares 327 Share Price $896.00 Est. Cost/Share — Unrealized @ Report Date —

GVH GLOBAVEND HOLDINGS LIMITED 0.4%

Value $257K Shares 178,645 Share Price $1.44 * Est. Cost/Share $4.28 Unrealized @ Report Date 0.0%

SPY SPDR S&P 500 ETF 0.3%

Value $228K Shares 335 Share Price $681.92 Est. Cost/Share $681.92 Unrealized @ Report Date —

TIRX TIAN RUIXIANG HLDGS LTD 0.3%

Value $226K Shares 624,551 Share Price $0.36 Est. Cost/Share $0.36 Unrealized @ Report Date —

INM INMED PHARMACEUTICALS INC 0.3%

Value $214K Shares 201,633 Share Price $1.06 * Est. Cost/Share $2.41 Unrealized @ Report Date -31.1%

NVA NOVA MINERALS LTD 0.3%

Value $182K Shares 29,858 Share Price $6.10 Est. Cost/Share $6.10 Unrealized @ Report Date —

NUWE NUWELLIS INC 0.2%

Value $156K Shares 89,685 Share Price $1.74 * Est. Cost/Share $4.39 Unrealized @ Report Date -37.7%

— EPICQUEST EDUCATN GRP INTL L 0.2%

Value $147K Shares 667,108 Share Price $0.22 Est. Cost/Share $0.44 Unrealized @ Report Date —

— REVIVA PHARMACEUTCLS HLDGS INC 0.2%

Value $115K Shares 4,113 Share Price $27.90 Est. Cost/Share — Unrealized @ Report Date —

BCTXZ BRIACELL THERAPEUTICS CORP 0.1%

Value $77,183 Shares 265,964 Share Price $0.29 Est. Cost/Share $1.06 Unrealized @ Report Date —

PMCB PHARMACYTE BIOTECH INC 0.1%

Value $72,400 Shares 100,000 Share Price $0.72 * Est. Cost/Share $0.90 Unrealized @ Report Date 0.0%

BNBX BNB PLUS CORP 0.1%

Value $66,420 Shares 54,000 Share Price $1.23 * Est. Cost/Share $3.19 Unrealized @ Report Date 0.0%

OGEN ORAGENICS INC 0.1%

Value $48,355 Shares 61,740 Share Price $0.78 * Est. Cost/Share $1.26 Unrealized @ Report Date -13.6%

LMFA LM FDG AMER INC 0.0%

Value $11,745 Shares 26,459 Share Price $0.44 * Est. Cost/Share $1.93 Unrealized @ Report Date -50.5%

— EOS ENERGY ENTERPRISES INC 0.0%

Value $1,626 Shares 3,251 Share Price $0.50 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	SPDR S&P 500 ETF	349	$23.8M	34.2%	$68192.00	—	—	Put	78462F953
—	ISHARES TR	650	$16M	23.0%	$24616.00	—	—	Put	464287955
—	ISHARES TR	564	$13.88M	20.0%	$24616.00	—	—	Call	464287905
—	ABIVAX SA	160	$2.158M	3.1%	$13485.50	—	—	Call	00370M903
—	BIG TREE CLOUD HLDGS LTD	5,769,988	$1.572M	2.3%	$0.27 *	$25.60	-56.6%	SHS	G1263B108
EMPD	EMPERY DIGITAL INC	341,857	$1.561M	2.2%	$4.56 *	$7.80	-25.0%	COM	92864V608
BLNK	BLINK CHARGING CO	2,125,958	$1.418M	2.0%	$0.67 *	$1.45	0.0%	COM	09354A100
—	BITCOIN DEPOT INC	1,001,384	$1.292M	1.9%	$1.29 *	$15.34	0.0%	COM	09174P105
—	GEVO INC	6,274	$1.255M	1.8%	$200.00	—	—	Put	374396956
ABVX	ABIVAX SA	7,026	$947K	1.4%	$134.85	$134.85	—	ADS	00370M103
LYRA	LYRA THERAPEUTICS INC	175,158	$539K	0.8%	$3.08 *	$7.39	-32.6%	COM	55234L204
TPST	TEMPEST THERAPEUTICS INC	178,592	$513K	0.7%	$2.87 *	$7.07	0.0%	COM	87978U207
—	REVELATION BIOSCIENCES INC	605,702	$484K	0.7%	$0.80	$1.01	—	COM	76135L705
SNES	SENESTECH INC	210,564	$451K	0.6%	$2.14 *	$3.73	-16.3%	COM	81720R604
BDRX	BIODEXA PHARMACEUTICALS PLC	190,658	$433K	0.6%	$2.27	$2.27	—	ADS	59564R880
CPOP	POP CULTURE GROUP CO LTD	956,639	$402K	0.6%	$0.42 *	$1.07	-44.0%	SHS	G71700119
ZONE	CLEANCORE SOLUTIONS INC	1,448,598	$377K	0.5%	$0.26 *	$0.84	0.0%	CL B	184492106
JZXN	JIUZI HOLDINGS INC	187,951	$325K	0.5%	$1.73	$1.73	—	SHS	G51400151
—	ZEVRA THERAPEUTICS INC	327	$293K	0.4%	$896.00	—	—	Put	488445956
GVH	GLOBAVEND HOLDINGS LIMITED	178,645	$257K	0.4%	$1.44 *	$4.28	0.0%	SHS	G3R39B116
SPY	SPDR S&P 500 ETF	335	$228K	0.3%	$681.92	$681.92	—	ETF	78462F103
TIRX	TIAN RUIXIANG HLDGS LTD	624,551	$226K	0.3%	$0.36	$0.36	—	CL A	G8884K136
INM	INMED PHARMACEUTICALS INC	201,633	$214K	0.3%	$1.06 *	$2.41	-31.1%	COM	457637700
NVA	NOVA MINERALS LTD	29,858	$182K	0.3%	$6.10	$6.10	—	ADS	66982D104
NUWE	NUWELLIS INC	89,685	$156K	0.2%	$1.74 *	$4.39	-37.7%	COM	67113Y702
—	EPICQUEST EDUCATN GRP INTL L	667,108	$147K	0.2%	$0.22	$0.44	—	COM	G3104J100
—	REVIVA PHARMACEUTCLS HLDGS INC	4,113	$115K	0.2%	$27.90	—	—	Put	76152G950
BCTXZ	BRIACELL THERAPEUTICS CORP	265,964	$77,183	0.1%	$0.29	$1.06	—	*W	107930117
PMCB	PHARMACYTE BIOTECH INC	100,000	$72,400	0.1%	$0.72 *	$0.90	0.0%	COM	71715X203
BNBX	BNB PLUS CORP	54,000	$66,420	0.1%	$1.23 *	$3.19	0.0%	COM	03815U607
OGEN	ORAGENICS INC	61,740	$48,355	0.1%	$0.78 *	$1.26	-13.6%	COM	684023609
LMFA	LM FDG AMER INC	26,459	$11,745	0.0%	$0.44 *	$1.93	-50.5%	COM	502074503
—	EOS ENERGY ENTERPRISES INC	3,251	$1,626	0.0%	$0.50	—	—	Put	29415C951