Company: MBIO
Filing Date: 2025-03-03
Form Type: DEF 14C
Source: 0001104659-25-019831
Chunk: 8

Company: MUSTANG BIO, INC.
Filing Date: 2025-03-03
Form: DEF 14C
Chunk 8
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<div align='center'>INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON</div>

None of our directors, executive
officers or any associate of a director or executive officer has a substantial interest, direct or indirect, by security holdings or otherwise,
in any matter described in this Information Statement.

<div align='center'>SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</div>

The following table shows
information, as of February 19, 2025, concerning the beneficial ownership of our common stock by:

| · | each person we know to be the beneficial owner of more than 5% of our common stock; |
| · | each of our current directors;                                                      |
| · | each of our Named Executive Officers (“NEOs”); and                                  |
| · | all current directors and NEOs as a group.                                          |

As of February 19, 2025, there
were 1,910,131 shares of our common stock, 845,385 shares of our Class A Common Stock, and 250,000 shares of our Class A Preferred Stock
outstanding. In order to calculate a stockholder’s percentage of beneficial ownership, we include in the calculation those shares
underlying options or warrants beneficially owned by that stockholder that are vested or that will vest within 60 days of February 19,
2025. Shares of restricted stock are deemed to be outstanding. Options or warrants held by other stockholders that are not attributed
to the named beneficial owner are disregarded in this calculation. Beneficial ownership is determined in accordance with the rules of
the SEC and includes voting or investment power with respect to the shares of our common stock. Unless we have indicated otherwise, each
person named in the table below has sole voting power and investment power for the shares listed opposite such person’s name, except
to the extent authority is shared by spouses under community property laws.

|                                                                     |     | Shares |         |     | Shares      
 Under       
 Exercisable 
 Options     
 and         
 Unvested    
 Restricted  
 Stock       |       |     | Total        
 Shares       
 Beneficially |         |     | % of total |     |   |
| Name of Beneficial Owner (1)                                        |     | owned  |         |     | Units (2)   |       |     | Owned        |         |     | CS         |     |   |
| Michael S. Weiss (3)                                                |