CARLSMED INC

Ticker: CARL CUSIP: 14280C105 Class: Common Stock

ORBIMED ADVISORS LLC's Holding History (CIK: 0001055951)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 1,252,600 Value ($000) $15,470 Avg Close $13.31 Range $11.55 - $17.19

Q3 2025

Shares 1,252,600 Value ($000) $16,772 Avg Close $13.67 Range $11.81 - $16.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,252,600	$15,470	$13.31	$11.55 - $17.19
Q3 2025	1,252,600	$16,772	$13.67	$11.81 - $16.20