TELA BIO INC

Ticker: TELA CUSIP: 872381108 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (6)

NINE MASTS CAPITAL Ltd

Value ($000) $19 Shares 16,486

XTX Topco Ltd

Value ($000) $48 Shares 40,955

GREAT VALLEY ADVISOR GROUP, INC.

Value ($000) $23 Shares 19,602

ACADIAN ASSET MANAGEMENT LLC

Value ($000) $0 Shares 20,817

Virtu Financial LLC

Value ($000) $0 Shares 10,663

SIMPLEX TRADING, LLC

Value ($000) $0 Shares 3

Institution	Shares	Value ($000)
NINE MASTS CAPITAL Ltd	16,486	$19
XTX Topco Ltd	40,955	$48
GREAT VALLEY ADVISOR GROUP, INC.	19,602	$23
ACADIAN ASSET MANAGEMENT LLC	20,817	$0
Virtu Financial LLC	10,663	$0
SIMPLEX TRADING, LLC	3	$0

Increased Positions (11)

Essex Woodlands Management, Inc.

Value ($000) $9,103 (+48.6%) Shares 7,714,709 (+87.7%)

Stonepine Capital Management, LLC

Value ($000) $2,775 (-13.6%) Shares 2,352,032 (+9.1%)

PERKINS CAPITAL MANAGEMENT INC

Value ($000) $1,649 (+32.7%) Shares 1,397,418 (+67.6%)

WealthTrust Axiom LLC

Value ($000) $381 (+10.1%) Shares 322,588 (+39.1%)

Embree Financial Group

Value ($000) $131 (+529.7%) Shares 111,318 (+695.1%)

UBS Group AG

Value ($000) $1,771 (+448.1%) Shares 1,500,469 (+592.1%)

RENAISSANCE TECHNOLOGIES LLC

Value ($000) $152 (+59.5%) Shares 128,700 (+101.4%)

VANGUARD GROUP INC

Value ($000) $2,160 (-19.5%) Shares 1,830,550 (+1.7%)

RAYMOND JAMES FINANCIAL INC

Value ($000) $36 (+18.4%) Shares 30,200 (+49.5%)

GEODE CAPITAL MANAGEMENT, LLC

Value ($000) $427 (-19.7%) Shares 361,498 (+1.3%)

BANK OF AMERICA CORP /DE/

Value ($000) $0 (-19.2%) Shares 36 (+2.9%)

Institution	Prev Shares	Curr Shares	Change
Essex Woodlands Management, Inc.	4,110,709	7,714,709	+3,604,000 (+87.7%)
Stonepine Capital Management, LLC	2,155,519	2,352,032	+196,513 (+9.1%)
PERKINS CAPITAL MANAGEMENT INC	833,928	1,397,418	+563,490 (+67.6%)
WealthTrust Axiom LLC	231,938	322,588	+90,650 (+39.1%)
Embree Financial Group	14,000	111,318	+97,318 (+695.1%)
UBS Group AG	216,802	1,500,469	+1,283,667 (+592.1%)
RENAISSANCE TECHNOLOGIES LLC	63,900	128,700	+64,800 (+101.4%)
VANGUARD GROUP INC	1,799,884	1,830,550	+30,666 (+1.7%)
RAYMOND JAMES FINANCIAL INC	20,200	30,200	+10,000 (+49.5%)
GEODE CAPITAL MANAGEMENT, LLC	356,721	361,498	+4,777 (+1.3%)
BANK OF AMERICA CORP /DE/	35	36	+1 (+2.9%)

Decreased Positions (6)

SILVERARC CAPITAL MANAGEMENT, LLC

Value ($000) $3,124 (-24.7%) Shares 2,647,512 (-4.9%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $44 (-65.7%) Shares 37,174 (-56.7%)

CITADEL ADVISORS LLC

Value ($000) $28 (-47.5%) Shares 23,382 (-33.7%)

GSA CAPITAL PARTNERS LLP

Value ($000) $0 (-44.9%) Shares 73,811 (-30.2%)

ROYAL BANK OF CANADA

Value ($000) $0 (-100.0%) Shares 50 (-91.7%)

JPMORGAN CHASE & CO

Value ($000) $0 (-90.9%) Shares 39 (-88.5%)

Institution	Prev Shares	Curr Shares	Change
SILVERARC CAPITAL MANAGEMENT, LLC	2,782,923	2,647,512	-135,411 (-4.9%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	85,763	37,174	-48,589 (-56.7%)
CITADEL ADVISORS LLC	35,281	23,382	-11,899 (-33.7%)
GSA CAPITAL PARTNERS LLP	105,809	73,811	-31,998 (-30.2%)
ROYAL BANK OF CANADA	603	50	-553 (-91.7%)
JPMORGAN CHASE & CO	339	39	-300 (-88.5%)

Exited Positions (5)

Velan Capital Investment Management LP

Value ($000) $1,114 Shares 747,410

Birchview Capital, LP

Value ($000) $231 Shares 155,000

PARADIGM CAPITAL MANAGEMENT INC/NY

Value ($000) $298 Shares 200,000

Pentwater Capital Management LP

Value ($000) $1,080 Shares 724,856

CWM, LLC

Value ($000) $0 Shares 337

Institution	Prev Shares	Prev Value ($000)
Velan Capital Investment Management LP	747,410	$1,114
Birchview Capital, LP	155,000	$231
PARADIGM CAPITAL MANAGEMENT INC/NY	200,000	$298
Pentwater Capital Management LP	724,856	$1,080
CWM, LLC	337	$0