HCW BIOLOGICS INC

Ticker: HCWB CUSIP: 40423R204 Class: Common Stock

GEODE CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001214717)

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

Q4 2025

Shares 14,037 Value ($000) $14 Avg Close $2.83 Range $0.95 - $4.88

Q3 2025

Shares 11,001 Value ($000) $41 Avg Close $4.35 Range $2.77 - $7.35

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	14,037	$14	$2.83	$0.95 - $4.88
Q3 2025	11,001	$41	$4.35	$2.77 - $7.35