FORWARD PHARMA A/S

CUSIP: 34986J105 Class: COMMON STOCK

SABBY MANAGEMENT, LLC's Holding History (CIK: 0001535610)

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

Q1 2017
Shares 34,000 Value ($000) $733 Avg Close — Range —
Q4 2016
Shares 104,273 Value ($000) $1,565 Avg Close — Range —
Q3 2016
Shares 99,053 Value ($000) $2,080 Avg Close — Range —
Q2 2016
Shares 102,135 Value ($000) $1,856 Avg Close — Range —
Q1 2016
Shares 76,785 Value ($000) $1,305 Avg Close — Range —
Q4 2015
Shares 70,000 Value ($000) $1,330 Avg Close — Range —
Q3 2015
Shares 70,000 Value ($000) $1,649 Avg Close — Range —
Q2 2015
Shares 35,050 Value ($000) $1,334 Avg Close — Range —
Q1 2015
Shares 90,060 Value ($000) $2,550 Avg Close — Range —