QUODD

Insider Transactions last 24 months for Aardvark Therapeutics, Inc. - NSDQ: AARD

Transactions
All	Buy	Sell	Option Exercise

Filer's Name	Relationship/ Title	Trans. Date	Trans. Type	Ownership Type	Security Type	Shares	Price	Trans. Value	Total Shares Owned
Lee Tien-Li	Chief Executive Officer	12/11/2025	AP	Direct	COM	7,000	$14.49	$101,395.00	1,551,613
Sun Nelson	Chief Financial Officer	12/11/2025	AP	Direct	COM	3,000	$14.40	$43,200.00	108,484
Jones Bryan	Chief Operating Officer	10/15/2025	AM	Direct	COM	1,250	$4.24	$5,300.00	1,250
Lee Tien-Li	Chief Executive Officer	10/15/2025	AM	Direct	COM	1,229	$4.24	$5,210.96	1,544,613
Lee Tien-Li	Chief Executive Officer	09/15/2025	AP	Direct	COM	3,500	$9.94	$34,804.70	1,543,384
Lee Tien-Li	Chief Executive Officer	09/15/2025	AP	Direct	COM	6,500	$9.51	$61,818.90	1,539,884
Lee Tien-Li	Chief Executive Officer	09/12/2025	AP	Direct	COM	5,000	$8.50	$42,515.50	1,533,384
Lee Tien-Li	Chief Executive Officer	09/11/2025	AP	Direct	COM	6,000	$7.82	$46,926.00	1,528,384
Lee Tien-Li	Chief Executive Officer	09/10/2025	AP	Direct	COM	9,000	$7.91	$71,212.50	1,522,384
Sun Nelson	Chief Financial Officer	09/09/2025	AP	Direct	COM	6,000	$8.07	$48,439.80	105,484
Lee Tien-Li	Chief Executive Officer	08/28/2025	AM	Direct	COM	17,209	$4.24	$72,966.16	1,513,384
Cormorant Asset Management, Lp	Other	02/14/2025	AP	Indirect	COM	187,500	$16.00	$3,000,000.00	987,689
Cormorant Asset Management, Lp	Other	02/14/2025	AC	Indirect	COM	800,189	$0.00	$0.00	800,189
Sun Nelson	Chief Financial Officer	02/14/2025	AP	Direct	COM	10,000	$16.00	$160,000.00	99,484
Sun Nelson	Chief Financial Officer	02/14/2025	AC	Direct	COM	7,001	$0.00	$0.00	89,484
Lee Tien-Li	Chief Executive Officer	02/14/2025	AP	Direct	COM	16,542	$16.00	$264,672.00	1,496,175
Lee Tien-Li	Chief Executive Officer	02/14/2025	AC	Direct	COM	41,303	$0.00	$0.00	1,479,633
Vickers Venture Fund Vi Pte Ltd	Other	02/14/2025	AC	Indirect	COM	413,491	$0.00	$0.00	2,050,902
Vickers Venture Fund Vi Pte Ltd	Other	02/14/2025	AC	Indirect	COM	1,637,411	$0.00	$0.00	1,637,411
Chi Jeffrey	Director	02/14/2025	AC	Indirect	COM	133,364	$0.00	$0.00	133,364
Decheng Capital Global Life Sciences Fund Iv, L.P.	Other	02/14/2025	AP	Indirect	COM	625,000	$16.00	$10,000,000.00	958,412
Decheng Capital Global Life Sciences Fund Iv, L.P.	Other	02/14/2025	AP	Indirect	COM	625,000	$16.00	$10,000,000.00	2,958,887
Decheng Capital Global Life Sciences Fund Iv, L.P.	Other	02/14/2025	AC	Indirect	COM	333,412	$0.00	$0.00	333,412
Decheng Capital Global Life Sciences Fund Iv, L.P.	Other	02/14/2025	AC	Indirect	COM	2,333,887	$0.00	$0.00	2,333,887

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Transaction Type Key First letter: A = Acquired, D = Disposed Second letter: A = Grant, award or other acquisition pursuant to Rule 16b-3(d) C = Conversion of derivative security \| D = Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) \| E = Expiration of short derivative position \| F = Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. \| G = Gift \| H = Expiration (or cancellation) of long derivative position with value received \| I = Discretionary transaction in accordance with Rule 16b-3(f) \| J = Other \| L = Small acquisition under Rule 16a-6 \| M = Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 \| O = Exercise of out-of-the-money derivative security \| P = Open market or private purchase \| S = Open market or private sale \| U = Disposition pursuant to a tender of shares in a change of control transaction \| W = Acquisition or disposition by will or the laws of descent and distribution \| X = Exercise of in-the-money or at-the-money derivative security \| Z = Deposit into or withdrawal from voting trust		Send to Excel

Transaction Type Key
First letter: A = Acquired, D = Disposed
Second letter:
A = Grant, award or other acquisition pursuant to Rule 16b-3(d) C = Conversion of derivative security | D = Disposition to the issuer of issuer equity securities pursuant to Rule 16b-3(e) | E = Expiration of short derivative position | F = Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. | G = Gift | H = Expiration (or cancellation) of long derivative position with value received | I = Discretionary transaction in accordance with Rule 16b-3(f) | J = Other | L = Small acquisition under Rule 16a-6 | M = Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 | O = Exercise of out-of-the-money derivative security | P = Open market or private purchase | S = Open market or private sale | U = Disposition pursuant to a tender of shares in a change of control transaction | W = Acquisition or disposition by will or the laws of descent and distribution | X = Exercise of in-the-money or at-the-money derivative security | Z = Deposit into or withdrawal from voting trust

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