Company: MBIO
Filing Date: 2025-04-01
Form Type: 424B3
Source: 0001104659-25-030657
Chunk: 171

Company: MUSTANG BIO, INC.
Filing Date: 2025-04-01
Form: 424B3
Chunk 171
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holders:                                         | ​ |            ​ | ​ |                ​ | ​ |            ​ | ​ |             ​ | ​ |
| Fortress Biotech, Inc (4)                                           | ​ |      131,052 | ​ |                — | ​ |      131,052 | ​ |           5.3 | % |
| Intracoastal Capital, LLC (5)                                       | ​ |      186,552 | ​ |                — | ​ |      186,552 | ​ |           7.6 | % |

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* Less than 1% of our common stock outstanding

| (1) | The address of each of the directors and executive officers is c/o Mustang Bio, Inc., 95 Sawyer Road, Suite 110, Waltham, MA 02453, and the address of Fortress Biotech, Inc. is c/o Fortress Biotech, Inc., 1111 Kane Concourse, Suite 301, Bay Harbor Island, FL 33154 |

| (2) | Includes only options exercisable within 60 days of March 26, 2025 and unvested restricted stock units. |

| (3) | Includes 666 warrants issued by Fortress to each of Mr. Weiss and Dr. Rosenwald that cover shares of our common stock that are owned by Fortress. These do not represent equity compensation by us to either Mr. Weiss or Dr. Rosenwald. |

| (4) | Includes shares underlying 666 warrants issued to each of Mr. Weiss and Dr. Rosenwald, and excludes 250,000 of Class A Preferred Stock, which are convertible into 333 shares of Common Stock. |

| (5) | Based solely on information included in a Schedule 13G filed with the SEC on February 11, 2025. The address of Intracoastal Capital, LLC is 245 Palm Trail, Delray Beach, Florida 33483. |

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Table of Contents

The following table shows information, as of March
26, 2025, concerning the beneficial ownership of our Class A Common Stock:

| ​                                       |                                    Class A Common Stock 
                                      Beneficially Owned |                                          |
| Name and Address of Beneficial Owner(1) | Number of Shares and Nature of Beneficial Ownership (2) | Percentage of Total Class A Common Stock |
| City of Hope                            |                                                 845,385 | 100%                                     |

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| (1