Xenetic holder MJL Manager reports 0% stake

Xenetic Biosciences, Inc. (XBIO) is the subject of a Schedule 13G filing by MJL Manager LLC and Michael Liu reporting that they currently hold no beneficial ownership of the company’s common stock.

Rhea-AI Filing Summary

Xenetic Biosciences, Inc. (XBIO) is the subject of a Schedule 13G filing by MJL Manager LLC and Michael Liu reporting that they currently hold no beneficial ownership of the company’s common stock. The filing lists 0 shares beneficially owned, representing 0% of the outstanding common stock, with no sole or shared voting or dispositive power.

Key Figures

Shares beneficially owned by MJL Manager LLC: 0 shares Ownership percentage of MJL Manager LLC: 0% Shares beneficially owned by Michael Liu: 0 shares +3 more

6 metrics

Shares beneficially owned by MJL Manager LLC 0 shares Common stock of Xenetic Biosciences, Inc.

Ownership percentage of MJL Manager LLC 0% Percent of class of Xenetic Biosciences common stock

Shares beneficially owned by Michael Liu 0 shares Common stock of Xenetic Biosciences, Inc.

Ownership percentage of Michael Liu 0% Percent of class of Xenetic Biosciences common stock

Sole voting power (each reporting person) 0 shares Sole power to vote or direct the vote

Shared voting power (each reporting person) 0 shares Shared power to vote or direct the vote

Key Terms

beneficial ownership, Sole Voting Power, Shared Dispositive Power, Schedule 13G, +1 more

5 terms

beneficial ownership financial

"disclaims beneficial ownership except to the extent of such person's actual pecuniary interest"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole Voting Power financial

"5 | Sole Voting Power 0.00 6 | Shared Voting Power 0.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Shared Dispositive Power financial

"8 | Shared Dispositive Power 0.00"

Schedule 13G regulatory

"If a group has filed this schedule pursuant to 1(c) or 1(d)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

percent of class financial

"Percent of class: MJL Manager LLC - 0% Michael Liu - 0%"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Schedule 13G filed for XBIO by MJL Manager LLC and Michael Liu report?

It reports that MJL Manager LLC and Michael Liu beneficially own 0 shares of Xenetic Biosciences common stock, representing 0% of the class, with no sole or shared voting or dispositive power.

How many XBIO shares do MJL Manager LLC and Michael Liu currently beneficially own?

They each report 0 shares of Xenetic Biosciences common stock as beneficially owned and a 0% ownership of the class.

What voting power over XBIO shares do MJL Manager LLC and Michael Liu report?

They report no sole or shared voting power over Xenetic Biosciences common stock, with 0 shares under both sole and shared voting authority.

What dispositive power over XBIO shares is disclosed in this Schedule 13G?

They report no sole or shared dispositive power over Xenetic Biosciences common stock, with 0 shares for both sole and shared disposition.

Do MJL Manager LLC and Michael Liu claim beneficial ownership of any XBIO shares through managed accounts?

They state that Michael Liu controls MJL Manager LLC and can direct voting and disposition of shares in discretionary accounts, but disclaim beneficial ownership except to the extent of any actual pecuniary interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/18/2026 - 02:36 PM Accepted by SEC EDGAR 09/18/2026 - 02:35 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Xenetic Biosciences, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

984015602

(CUSIP Number)

09/16/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 984015602

1

Names of Reporting Persons

MJL Manager LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 984015602

1

Names of Reporting Persons

Michael Liu

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Michael Liu is the sole control person of MJL Manager LLC ("MJL") and, in such capacity, has the authority to direct the voting and disposition of the shares held in discretionary accounts managed by MJL. The reporting of shared power by both reporting persons shall not be construed as an admission that either is the beneficial owner of shares beneficially owned by the other, and each expressly disclaims beneficial ownership except to the extent of such person's actual pecuniary interest therein.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Xenetic Biosciences, Inc.
(b)	Address of issuer's principal executive offices: 945 CONCORD ST., FRAMINGHAM, MASSACHUSETTS, 01701
Item 2.
(a)	Name of person filing: MJL Manager LLC Michael Liu
(b)	Address or principal business office or, if none, residence: 12 Manley Road, Pennington NJ 08534
(c)	Citizenship: MJL Manager LLC - New Jersey Michael Liu - USA
(d)	Title of class of securities: Common Stock, $0.001 par value per share
(e)	CUSIP Number(s): 984015602
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: MJL Manager LLC - 0 Michael Liu - 0
(b)	Percent of class: MJL Manager LLC - 0% Michael Liu - 0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: MJL Manager LLC - 0 Michael Liu - 0
	(ii) Shared power to vote or to direct the vote: MJL Manager LLC - 0 Michael Liu - 0
	(iii) Sole power to dispose or to direct the disposition of: MJL Manager LLC - 0 Michael Liu - 0
	(iv) Shared power to dispose or to direct the disposition of: MJL Manager LLC - 0 Michael Liu - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Item 2(a) in lieu of an Exhibit.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

MJL Manager LLC

Signature:	Michael Liu
Name/Title:	Managing Member
Date:	09/18/2026

Michael Liu

Signature:	Michael Liu
Name/Title:	Individual
Date:	09/18/2026