FRACTYL HEALTH INC

Ticker: GUTS CUSIP: 35168W103 Class: Common Stock

Ikarian Capital, LLC's Holding History (CIK: 0001778253)

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

Q4 2025

Shares 1,100,000 Value ($000) $2,420 Avg Close $1.61 Range $1.06 - $2.44

Q3 2025

Shares 1,800,000 Value ($000) $2,862 Avg Close $1.30 Range $0.82 - $2.10

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,100,000	$2,420	$1.61	$1.06 - $2.44
Q3 2025	1,800,000	$2,862	$1.30	$0.82 - $2.10