TERNS PHARMACEUTICALS INC

Ticker: TERN CUSIP: 880881107 Class: Common Stock

DARK FOREST CAPITAL MANAGEMENT LP's Holding History (CIK: 0001853322)

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

Q4 2025

Shares 10,369 Value ($000) $419 Avg Close $23.11 Range $6.99 - $48.26

Q3 2024

Shares 26,269 Value ($000) $219 Avg Close $8.23 Range $6.41 - $11.40

Q1 2023

Shares 3,852 Value ($000) $46 Avg Close $9.56 Range $7.42 - $12.42

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	10,369	$419	$23.11	$6.99 - $48.26
Q3 2024	26,269	$219	$8.23	$6.41 - $11.40
Q1 2023	3,852	$46	$9.56	$7.42 - $12.42