Exicure (XCUR) 10% owner Exicure HiTron Inc. sells 734,747 shares

Rhea-AI Filing Summary

Exicure HiTron Inc., a 10% owner of Exicure, Inc. (XCUR), reported an open market sale of 734,747 shares of common stock on January 16, 2026 at a price of $4.5 per share. After this transaction, Exicure HiTron Inc. beneficially owned 1,857,314 shares of Exicure common stock, held in direct ownership form.

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^*

Exicure HiTron Inc.

(Last) (First) (Middle)

99-13 MASAN-GIL, MIYANG-MYEON

(Street)

ANSEONG-SI, GYEONGGI-DO MA 17601

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

3. Date of Earliest Transaction (Month/Day/Year)
01/16/2026

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	01/16/2026		S		734,747	D	$4.5	1,857,314	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:

	Young Chul Han	01/20/2026
	** 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).
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 insider transaction did Exicure (XCUR) report in this Form 4?

The filing reports that Exicure HiTron Inc., a 10% owner of Exicure, Inc., sold 734,747 shares of common stock in an open market transaction coded as S on January 16, 2026 at $4.5 per share.

Who is the reporting person in this Exicure (XCUR) Form 4 filing?

The reporting person is Exicure HiTron Inc., which is identified in the filing as a 10% owner of Exicure, Inc. and is the entity that made the reported transaction.

How many Exicure (XCUR) shares did Exicure HiTron Inc. own after the sale?

Following the reported sale, Exicure HiTron Inc. beneficially owned 1,857,314 shares of Exicure, Inc. common stock, with the ownership form listed as direct (D).

What was the price per share in the Exicure HiTron Inc. sale?

The Form 4 states that the 734,747 common shares were sold at a transaction price of $4.5 per share.

Does this Exicure (XCUR) Form 4 include any derivative security transactions?

The section for derivative securities in the filing does not list any acquired or disposed derivative instruments; only a non-derivative common stock sale is reported.

Is the ownership reported by Exicure HiTron Inc. direct or indirect?

The Form 4 indicates that Exicure HiTron Inc.'s ownership of the 1,857,314 Exicure common shares after the transaction is direct (D), with no nature of indirect beneficial ownership described.