INOVIO PHARMACEUTICALS INC

Ticker: INO CUSIP: 45773H409 Class: Common Stock

Hudson Bay Capital Management LP's Holding History (CIK: 0001393825)

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

Q4 2025

Shares 50,677 Value ($000) $88 Avg Close $2.20 Range $1.68 - $2.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	50,677	$88	$2.20	$1.68 - $2.72