SCHEDULE 13G/A

XOMA Royalty Corp

Common Stock · CUSIP: 98419J206

Event date: 2025-12-31

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Morgan Stanley

  Shares: 1,702,545 · Class: 13.7%

• Morgan Stanley Investment Management Inc.

  Shares: 1,700,925 · Class: 13.7%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.