X0508 4 2026-01-01 0001500233 Ironwood Institutional Multi-Strategy Fund LLC N/A 0001749717 Phillips William John ONE MARKET PLAZA STEUART TOWER, SUITE 2500 SAN FRANCISCO, CA 94105 true Officer of Investment Adviser false Units 2026-01-01 4 P 0 139.5423 1289.9317 A 390.7463 D Values are given based on most recent calculated NAV per share (11/30/2025). Values at transaction date are not yet available. Reflects the purchase price on a per share basis. Prior Forms 4 filed by the reporting person on 3/3/2025 and 3/9/2021 reported the purchase price on an aggregate value basis, rather than on a per share basis, which has been adjusted to report such price on a per share basis as of this Form 4. Reflects the amount of securities beneficially owned by the reporting person once adjusted based on the final calculated NAV per share for the reporting person's purchase on 3/1/2025, which was reported on the Form 4 filed on 3/3/2025 based on the most recent calculated NAV per share available as of that date. /s/ William John Phillips 2026-01-15