INOVIO PHARMACEUTICALS INC

Ticker: INO CUSIP: 45773H409 Class: Common Stock

STEPHENS INC /AR/'s Holding History (CIK: 0000757657)

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

Q4 2025

Shares 15,500 Value ($000) $27 Avg Close $2.20 Range $1.68 - $2.72

Q3 2025

Shares 13,500 Value ($000) $32 Avg Close $1.91 Range $1.30 - $2.98

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	15,500	$27	$2.20	$1.68 - $2.72
Q3 2025	13,500	$32	$1.91	$1.30 - $2.98