[Form 3] EXICURE, INC. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

EXICURE, INC. (XCUR) director Yeo Sangjin filed an Initial Statement of Beneficial Ownership (Form 3) reporting no securities beneficially owned as of the 09/08/2025 event date. The filing was submitted on 09/29/2025 and signed by an attorney-in-fact. The form indicates the report was filed by one reporting person and that the reporting person holds the role of Director with no direct or indirect holdings disclosed.

Positive

• None.

Negative

• Director Yeo Sangjin reports no beneficial ownership of Exicure, Inc. securities as disclosed on the Form 3.
• Filing provides no details on any pending equity awards, options, or compensation that would align director interests with shareholders.

Insights

Financial Analyst

TL;DR: Director reports zero ownership of company stock, a neutral-to-concerning governance signal depending on context.

The Form 3 shows that Yeo Sangjin, identified as a director of Exicure, Inc., disclosed no beneficial ownership of the issuer's securities as of the report date. For investors, a director holding no equity may reduce alignment of interests between management/board and shareholders. However, the filing contains no further context on compensation, restricted stock grants, or timing of potential future holdings, so material implications are limited from this single short filing.

Corporate Governance Expert

TL;DR: Initial filing documents lack holdings; governance implications depend on director appointment timing and compensation structure.

This Form 3 is an initial filing that explicitly states "No securities are beneficially owned." That is factual and must be weighed against when the director joined the board and whether equity awards are pending. Absent additional disclosures (grants, option awards, or deferred compensation), this filing alone does not demonstrate a violation or a clear governance failure, but it is a noteworthy disclosure for oversight and alignment analysis.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Yeo Sangjin

(Last) (First) (Middle)

400 SEAPORT COURT, SUITE 102

(Street)

REDWOOD CITY CA 94063

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/08/2025

3. Issuer Name and Ticker or Trading Symbol
EXICURE, INC. [ XCUR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

No securities are beneficially owned.

	/s/ Andy Yoo, Attorney-in-fact	09/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Yeo Sangjin disclose on the Form 3 for EXICURE, INC. (XCUR)?

The filing states no securities are beneficially owned by Yeo Sangjin as of the 09/08/2025 event date.

When was the Form 3 for XCUR filed and signed?

The event date is 09/08/2025 and the Form 3 was signed and filed on 09/29/2025 by an attorney-in-fact.

What role does the reporting person hold at EXICURE, INC.?

The filing identifies the reporting person, Yeo Sangjin, as a Director of the issuer.

Does the Form 3 disclose any indirect ownership or derivative securities?

No; the filing explicitly states "No securities are beneficially owned" and includes no derivative or indirect ownership entries.

Was the Form 3 filed jointly or by a single person?

The filing indicates it was submitted by one reporting person (not a group filing).