Home / Restatements / HCW Biologics Inc.
Filed 2026-08-14 路 Form 8-K 路 Accession 0001493152-26-038240 nano
Price before filing: $2.93 (2026-08-13 close, split/dividend-adjusted)
Market cap at flag: $3.0M (2026-08-14) 路 Latest: $433,525 (2026-10-16)
| Window | HCWB | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | -24.9% | -2.2% | -22.7% | 2026-09-14 |
| 90 days | pending | pending | until 2026-11-12 | |
| 180 days | pending | pending | until 2027-02-10 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 4 insiders bought $530K (6 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-05-22 | Byam Rebecca Chief Financial Officer | Purchase | 14,235 | $1.41 | $20K | no | Form 4 |
| 2026-05-22 | GARRETT SCOTT T Director | Purchase | 177,936 | $1.41 | $250K | no | Form 4 |
| 2026-05-22 | Wong Hing C Chief Executive Officer, Director, 10% owner | Purchase | 113,879 | $1.41 | $160K | no | Form 4 |
| 2026-07-29 | Flowers Lee SVP of Business Development | Purchase | 7,736 | $2.58 | $20K | no | Form 4 |
| 2026-07-29 | GARRETT SCOTT T Director | Purchase | 7,736 | $2.58 | $20K | no | Form 4 |
| 2026-07-29 | Wong Hing C Chief Executive Officer, Director, 10% owner | Purchase | 23,210 | $2.58 | $60K | no | Form 4 |
| 2026-08-14: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-05-16 to 2026-09-13. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"(the "Company"), in consultation with management and the Company's independent registered public accounting firm, Crowe LLP, concluded that the Company's previously issued unaudited condensed financial statements as of and for the three months ended March 31, 2026, included in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on May 14, 2026 (the "Original Form..."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Going-concern doubt
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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