Exicure (XCUR) CAO has shares withheld to cover RSU taxes

Rhea-AI Filing Summary

Exicure, Inc. Chief Accounting Officer Josh Miller reported a small tax-related share disposition. On February 16, 2026, 8 shares of common stock at $4.08 per share were withheld by Exicure to cover his tax obligation upon vesting of restricted stock units. After this withholding, Miller directly holds 301 shares of Exicure common stock. This was a tax-withholding disposition under code F, not an open-market sale.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Miller Josh

(Last) (First) (Middle)

C/O EXICURE, INC.

400 SEAPORT COURT, SUITE 102

(Street)

REDWOOD CITY CA 94063

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/16/2026

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/16/2026		F		8(1)	D	$4.08	301	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the number of shares of Common Stock withheld by Exicure, Inc. to cover the reporting person's tax withholding obligation upon the vesting of restricted stock units.

Remarks:

	/s/ Joshua Miller	02/19/2026
	** 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 4 (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).
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FAQ

What insider transaction did Exicure (XCUR) report for Josh Miller?

Exicure reported that Chief Accounting Officer Josh Miller had 8 shares of common stock withheld to satisfy tax obligations on vesting restricted stock units. This tax-withholding disposition is coded F and represents an administrative share reduction rather than an open-market trade.

How many Exicure (XCUR) shares were involved and at what price?

The transaction involved 8 shares of Exicure common stock valued at $4.08 per share. These shares were not sold on the market but withheld by the company to cover Josh Miller’s tax liability tied to vesting restricted stock units.

How many Exicure (XCUR) shares does Josh Miller hold after this transaction?

Following the tax-withholding disposition, Josh Miller directly holds 301 shares of Exicure common stock. The reported change reflects only the 8 shares withheld for taxes on restricted stock unit vesting, leaving his remaining direct ownership at this updated level.

What does transaction code F mean in this Exicure (XCUR) Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, Exicure withheld 8 shares from Josh Miller’s vested restricted stock units to cover his tax withholding obligation instead of him paying cash for the taxes.

Did Exicure (XCUR) Chief Accounting Officer sell shares in the open market?

No, the filing shows a tax-withholding disposition, not an open-market sale. Exicure withheld 8 shares from Josh Miller’s vesting restricted stock units to satisfy tax obligations, meaning the shares went back to the company rather than being sold to outside investors.

Who received the Exicure (XCUR) shares withheld in this Form 4 transaction?

The 8 withheld shares were retained by Exicure, Inc. to cover Josh Miller’s tax withholding obligation related to restricted stock unit vesting. This mechanism reduces his share count while allowing the company to satisfy required tax payments in shares instead of cash.