What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2026-03-27 compared with 2025-03-28 · 21 added, 18 removed, 0 unchanged (100% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

February 15, 2019, our common stock began trading on The Nasdaq Capital Market under the symbol “HOTH.” Prior to that time,

there was no public market for our common stock.

of March 28, 2025, there were 101 shareholders of record of our common stock.

The actual number of holders of our common stock is greater

than this number of record holders, and includes shareholders who are beneficial owners, but whose shares are held in street name by

brokers or held by other nominees.

This number of holders of record also does not include shareholders whose shares may be held in trust

by other entities.

have never paid or declared any cash dividends on our common stock, and we do not anticipate paying any cash dividends on our common

stock in the foreseeable future.

We intend to retain all available funds and any future earnings to fund the development, operation and

expansion of our business.

Any future determination to pay dividends will be at the discretion of our board of directors and will depend

upon a number of factors, including our results of operations, financial condition, future prospects, contractual restrictions, restrictions

imposed by applicable law and other factors that our board of directors deems relevant.

Sales of Unregistered Securities

Purchases of Equity Securities

MARKET FOR REGISTRANT’S COMMON

EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Market Information

On February 15, 2019, our common stock began trading

on The Nasdaq Capital Market under the symbol “HOTH.” Prior to that time, there was no public market for our common stock.

As of March 26, 2026, there were 88 shareholders of record of our common

The actual number of holders of our common stock is greater than this number of record holders, and includes shareholders who are

beneficial owners, but whose shares are held in street name by brokers or held by other nominees.

This number of holders of record also

does not include shareholders whose shares may be held in trust by other entities.

Dividend Policy

We have never paid or declared any cash dividends

on our common stock, and we do not anticipate paying any cash dividends on our common stock in the foreseeable future.

We intend to retain

all available funds and any future earnings to fund the development, operation and expansion of our business.

Any future determination

to pay dividends will be at the discretion of our board of directors and will depend upon a number of factors, including our results of

operations, financial condition, future prospects, contractual restrictions, restrictions imposed by applicable law and other factors

that our board of directors deems relevant.

Recent Sales of Unregistered Securities

Issuers Purchases of Equity Securities

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity