Company: HCWB
Filing Date: 2025-04-16
Form Type: 424B3
Source: 0001193125-25-082835
Chunk: 90

Company: HCW Biologics Inc.
Filing Date: 2025-04-16
Form: 424B3
Chunk 90
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       |     |              | 142,858 |     | $              |   200,001.20 |

| * | Beneficial owner of more than 5% of the Common Stock |

The shares have not been registered and will not be sold or transferred except as permitted under law and pursuant to registration or exemption therefrom. The Board of Directors and Audit Committee of the Board of Directors reviewed the transaction under the policy for Related Party Transactions and determined that the transaction was in compliance with such policy. Secured Note Financing As of October 31, 2024, we received approximately $6.9 million from the issuance of senior secured notes to certain accredited investors (the “Secured Notes”). Of the total issuance of Secured Notes, the Company issued $2.9 million to members of the Company’s board of directors and officers, including $2.4 million purchased by Dr. Hing C. Wong, Founder and CEO, $220,000 purchased by Rebecca Byam, Chief Financial Officer, $140,000 purchased by Scott T. Garrett, Chairman of the board of directors, $60,000 purchased by Gary M. Winer, member of the board of directors, $25,000 purchased by Lee Flowers, Senior Vice President for Business Development, and $25,000 purchased by Rick S. Greene, member of the board of directors. The following table summarizes the aggregate principal amounts of Secured Notes purchased by our directors, executive officers, and beneficial owners of more than 5% of Common Stock at par.

| Name and Title                                              |     | Aggregate Principal     
 Amount of Secured Notes |           |
|:------------------------------------------------------------|:----|:------------------------|----------:|
| Dr. Hing C. Wong, Chief Executive Officer*                  |     | $                       | 2,400,000 |
| Rebecca Byam, Chief Financial Officer                       |     | $                       |   220,000 |
| Scott T. Garrett, Chairman of the board of directors        |     | $                       |   140,000 |
| Gary M. Winer, Director                                     |     | $                       |    60,000 |
| Lee Flowers, Senior Vice President for Business Development |     | $                       |    25,000 |
| Rick S. Greene, Director                                    |     | $                       |    25,000 |

| * | Beneficial owner of more than 5% of our Common Stock |

60

The Senior Notes bear interest at a rate of 9