Exicure HiTron trims Exicure (XCUR) holding, sells 258,367 shares

Rhea-AI Filing Summary

Exicure HiTron Inc., a major shareholder of Exicure, Inc., has updated its ownership report after selling part of its stake. On January 21, 2026, Exicure HiTron completed a share transfer of 258,367 common shares at $4.50 per share, for total proceeds of $1,162,651.5. The shares were sold under share transfer agreements dated December 30, 2025 and were transferred to Jeon Sungchan for liquidity purposes.

After this transaction, Exicure HiTron reports beneficial ownership of 1,598,947 Exicure common shares, which represents about 25.1% of the company’s outstanding common stock. The ownership percentages are based on 6,373,869 shares outstanding as of November 3, 2025, as disclosed in Exicure’s Form 10-Q.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

EXICURE, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

30205M309

(CUSIP Number)

Dario Lee
1500 W Georgia st, Suite 1323
Vancouver, A1, V7Y1C6
2368386944

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

01/21/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 30205M309

1

Name of reporting person

Exicure HiTron Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

KOREA, REPUBLIC OF

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,598,947.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,598,947.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,598,947.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

25.1 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: EXICURE, INC.
(c)	Address of Issuer's Principal Executive Offices: 2430 N. HALSTED ST., CHICAGO, ILLINOIS , 60614.
Item 1 Comment: This Amendment No. 5 (this Amendment) to the statement on Schedule 13D with respect to the beneficial ownership of shares of common stock, par value $0.0001 per share (the Shares), of Exicure, Inc., a Delaware corporation (the Issuer), is being filed by Exicure HiTron Inc., a South Korean corporation (the Reporting Person). This Amendment amends and supplements the beneficial ownership statement on Schedule 13D originally filed on November 29, 2024, as amended by Amendment No. 1 filed on March 26, 2025, Amendment No. 2 filed on September 9, 2025, Amendment No. 3 filed on January 9, 2026, and Amendment No. 4 filed on January 16, 2026 (collectively, the Original Statement), as set forth below. All capitalized terms used herein but not otherwise defined shall have the meanings ascribed to them in the Original Statement. Except as expressly amended hereby, the Original Statement remains unchanged.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Original Statement is hereby amended and supplemented as follows: On January 21, 2026, the Reporting Person completed the Share Transfer (as defined in Item 4 of this Amendment), pursuant to which the Reporting Person transferred an aggregate of 258,367 Shares at a purchase price of $4.50 per Share, or $1,162,651.5 in the aggregate.
Item 4.	Purpose of Transaction
	Item 4 of the Original Statement is hereby amended and supplemented as follows: The Reporting Person entered into share transfer agreements dated December 30, 2025 (the Share Transfer Agreements) and agreed to transfer (the Share Transfer) an aggregate of 258,367 Shares at a price of $4.50 per Share for aggregate proceeds of $1,162,651.5 as follows: Name of Transferee Number of Shares Proceeds Jeon Sungchan 258,367 $1,162,651.5 The Shares reported on this Amendment were transferred The Shares were transferred for liquidity purposes.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) of the Original Statement is hereby amended and restated as follows: The percentage of beneficial ownership reported in this Item 5, and on the Reporting Persons cover page to this Amendment, is based on a total of 6,373,869 shares of common stock, which represents the number of shares of common stock reported as outstanding on November 3, 2025, as reported in the Issuers Form 10-Q filed with the Securities and Exchange Commission on November 7, 2025. All share numbers reported herein, and on the Reporting Persons cover page to this Amendment, are as of January 21, 2026, and give effect to the share transfers described herein. The cover page to this Amendment is incorporated by reference in its entirety into this Item 5. As of January 21, 2026, the Reporting Person is the beneficial owner of 1,598,947 shares of Common Stock, representing approximately 25.1% of the outstanding shares of Common Stock.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Original Statement is hereby supplemented as follows: The Reporting Person entered into share transfer agreements and agreed to transfer an aggregate of 258,367 Shares at a price of $4.50 per Share for aggregate proceeds of $1,162,651.5 as follows: Name of Transferee Number of Shares Proceeds Jeon Sungchan 258,367 $1,162,651.5

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.

Exicure HiTron Inc.

Signature:	Young Chul Han
Name/Title:	CEO
Date:	01/21/2026

FAQ

What change in ownership did Exicure HiTron report for XCUR?

Exicure HiTron Inc. reported that after a recent share transfer, it beneficially owns 1,598,947 Exicure common shares, representing approximately 25.1% of the outstanding common stock.

How many Exicure (XCUR) shares did Exicure HiTron sell and at what price?

Exicure HiTron transferred 258,367 Exicure common shares at a price of $4.50 per share, resulting in aggregate proceeds of $1,162,651.5.

Who bought the Exicure (XCUR) shares from Exicure HiTron in this transaction?

The filing states that Jeon Sungchan acquired 258,367 Exicure common shares from Exicure HiTron under share transfer agreements dated December 30, 2025.

What percentage of Exicure’s stock is used to calculate Exicure HiTron’s 25.1% stake?

The 25.1% beneficial ownership is based on 6,373,869 Exicure common shares outstanding as of November 3, 2025, as reported in Exicure’s Form 10-Q filed on November 7, 2025.

Why did Exicure HiTron transfer Exicure (XCUR) shares according to the filing?

The filing explains that the 258,367 Exicure shares were transferred to Jeon Sungchan for liquidity purposes, generating aggregate proceeds of $1,162,651.5.

What type of entity is Exicure HiTron, the reporting person for XCUR?

Exicure HiTron Inc., the reporting person, is described as a South Korean corporation with citizenship or place of organization listed as the Republic of Korea.