STEMCELLS INC

CUSIP: 85857R204 Class: COM

SABBY MANAGEMENT, LLC's Holding History (CIK: 0001535610)

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

Q4 2015
Shares 184,158 Value ($000) $77 Avg Close — Range —
Q3 2015
Shares 2,039,122 Value ($000) $856 Avg Close — Range —
Q2 2015
Shares 2,117,234 Value ($000) $1,144 Avg Close — Range —
Q1 2015
Shares 4,660,000 Value ($000) $4,753 Avg Close — Range —
Q4 2014
Shares 5,793,994 Value ($000) $5,441 Avg Close — Range —
Q3 2014
Shares 4,826,383 Value ($000) $6,081 Avg Close — Range —
Q4 2013
Shares 846,622 Value ($000) $1,041 Avg Close — Range —