Major Exicure (NASDAQ: XCUR) holder sells $3.3M in stock

Rhea-AI Filing Summary

Exicure HiTron Inc. filed Amendment No. 4 to its Schedule 13D on Exicure, Inc., updating its ownership after a significant share transfer. On January 16, 2026, Exicure HiTron completed the transfer of 734,747 shares of Exicure common stock at $4.50 per share, for total proceeds of $3,306,361.5. The shares were transferred to Daolam Co., Ltd (246,913 shares), Lee So Jung (243,918 shares), and Kim Jun Sue (243,916 shares).

After these transfers, Exicure HiTron reports beneficial ownership of 1,857,314 shares of Exicure common stock, representing approximately 29.2% of the 6,373,869 shares outstanding as reported in Exicure’s Form 10-Q. The filing reflects updated ownership and transaction details but does not change Exicure HiTron’s status as a major shareholder.

Insights

Equity ownership and governance analyst

Large Exicure holder sells 734,747 shares but remains a near-30% owner.

The amendment shows Exicure HiTron Inc. completed a share transfer of 734,747 Exicure shares at $4.50 per share, for aggregate proceeds of $3,306,361.5. These blocks went to three buyers: Daolam Co., Ltd, Lee So Jung, and Kim Jun Sue, each receiving roughly a third of the total.

Following the transaction, Exicure HiTron reports beneficial ownership of 1,857,314 shares, or about 29.2% of Exicure’s 6,373,869 outstanding shares of common stock, using the share count from the Form 10-Q dated November 7, 2025. This indicates a reduced but still substantial position, keeping Exicure HiTron as a major shareholder with meaningful influence potential.

The filing also clarifies that all share numbers are as of January 16, 2026 and give effect to the transfers described. Subsequent ownership changes, if any, would be reflected in later disclosures.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

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)

01/16/2026

(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 1,857,314.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,857,314.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,857,314.00

12

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

13

Percent of class represented by amount in Row (11)

29.2 %

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. 4 (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), filed by Exicure HiTron Inc., a South Korean corporation (the Reporting Person), amends and supplements the statement on Schedule 13D originally filed on November 29, 2024, as amended by Amendment No. 1 filed on November 19, 2024, Amendment No. 2 filed on September 9, 2025, and Amendment No. 3 filed on January 9, 2026 (collectively, the Original Statement), as set forth below. All capitalized terms used herein but not otherwise defined shall have the meanings ascribed to such terms in the Original Statement. Except as specifically amended by this Amendment, 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 16, 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 734,747Shares at a purchase price of $4.50 per Share, or $3,306,361.5 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 734,747 Shares at a price of $4.50 per Share for aggregate proceeds of $3,306,361.5, as follows: Name of Transferee Number of Shares Proceeds Daolam Co,. Ltd 246,913 $1,111,108.5 Lee So Jung 243,918 $1,097,631 Kim Jun Sue 243,916 $1,097,622
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 16, 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 16, 2026. The Reporting Person is the beneficial owner of 1,857,314 shares of Common Stock, representing approximately 29.2% 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 734,747 Shares at a price of $4.50 per Share for aggregate proceeds of $3,306,361.5, as follows: Name of Transferee Number of Shares Proceeds Daolam Co,. Ltd 246,913 $1,111,108.5 Lee So Jung 243,918 $1,097,631 Kim Jun Sue 243,916 $1,097,622

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:	01/20/2026

FAQ

What does Exicure HiTron Inc.'s latest Schedule 13D/A report for XCUR?

The amendment reports that Exicure HiTron Inc. transferred 734,747 Exicure common shares at $4.50 per share and updates its remaining beneficial ownership and percentage of the class.

How many Exicure (XCUR) shares does Exicure HiTron now beneficially own?

As of January 16, 2026, Exicure HiTron beneficially owns 1,857,314 shares of Exicure common stock, representing approximately 29.2% of the outstanding shares.

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

Exicure HiTron transferred an aggregate of 734,747 Exicure shares at a purchase price of $4.50 per share, for total proceeds of $3,306,361.5.

Who were the transferees in Exicure HiTron Inc.'s share transfer of XCUR stock?

The transferees were Daolam Co., Ltd (246,913 shares, $1,111,108.5), Lee So Jung (243,918 shares, $1,097,631), and Kim Jun Sue (243,916 shares, $1,097,622).

What share count did the filing use to calculate Exicure HiTron’s 29.2% ownership in XCUR?

The filing uses 6,373,869 shares of Exicure common stock, the number reported as outstanding on November 3, 2025 in Exicure’s Form 10-Q filed on November 7, 2025.

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

Exicure HiTron Inc. is identified as a South Korean corporation (citizenship or place of organization: Korea, Republic of) and is classified as a CO type of reporting person.