Ghost Tree Capital’s Aravive, Inc. Common Stock ARAV Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-45,833	Closed	-$674K	–	66
2017 Q3	$674K	Buy	+45,833	New	+$674K	0.14%	52
2015 Q3	–	Sell	-16,667	Closed	-$1.52M	–	92
2015 Q2	$1.52M	Buy	+16,667	New	+$1.52M	0.49%	51