HCW BIOLOGICS INC

Ticker: HCWB CUSIP: 40423R204 Class: Common Stock

UBS Group AG's Holding History (CIK: 0001610520)

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

Q4 2025

Shares 1,739 Value ($000) $2 Avg Close $2.83 Range $0.95 - $4.88

Q2 2025

Shares 9,518 Value ($000) $38 Avg Close $7.27 Range $3.55 - $17.80

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,739	$2	$2.83	$0.95 - $4.88
Q2 2025	9,518	$38	$7.27	$3.55 - $17.80