CDT Equity Inc. — Director's Dealing 2025

Dec 22, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CDT Equity Inc. (CDT)
CIK: 0001896212
Period of Report: 2025-12-08

Reporting Person: Regan Andrew (Director, Chief Executive Officer, 10% Owner)
Reporting Person: Corvus Capital Ltd. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-12-08	Common Stock	A	224800	$1.79	Acquired	227304	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-12-08	Pre-Funded Warrants	$0.0001	A	3685815	Acquired		Common Stock (3685815)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	140005	Direct
Common Stock	19349	Indirect
Common Stock	14	Indirect

Footnotes

F1: On December 8, 2025, CDT Equity Inc. (the "Company") and Corvus Capital Limited ("Corvus") entered into a Sale and Purchase Agreement, pursuant to which the Company issued to Corvus 224,800 shares of common stock, par value $0.0001 per share of the Company, and pre-funded warrants to purchase up to 3,685,815 shares of Common Stock (the "Pre-Funded Warrants"), pursuant to the acquisition of Conduit Pharmaceuticals Limited and its liabilities.

F2: Based on the closing price per share of Common Stock on December 7, 2025.

F3: These shares of Common Stock are owned of record by Corvus.

F4: These shares of Common Stock are owned of record by Manoira Corporation ("Manoira").

F5: These shares of Common Stock are owned of record by Algo Holdings, Inc. ("Algo").

F6: Corvus is the owner of 99.0% of the equity interests of Manoira and Algo is a wholly owned subsidiary of Corvus, and, therefore, may also be deemed to beneficially own the shares of Common Stock held of record by Manoira and Algo. Dr. Regan is the sole director of Manoira and the Chief Executive Officer and sole shareholder of Corvus. By virtue of these relationships, Dr. Regan may be deemed to beneficially own the shares of Common Stock held of record by Manoira, Algo and Corvus. Each of Corvus and Dr. Regan disclaims any such beneficial ownership, including with respect to the Pre-Funded Warrant Shares, except to the extent of its or his pecuniary interest therein.

F7: Until exercised in full.