SCHEDULE 13G/A 0001844818 XXXXXXXX LIVE 1 Common Stock, par value $0.00001 per share 02/04/2026 0001572616 Fractyl Health, Inc. 35168W103 3 Van de Graaff Drive Suite 200 Burlington MA 01803 Rule 13d-1(c) CVF, LLC DE 4673870.00 0.00 4673870.00 0.00 4673870.00 N 3.4 OO HCC Manager LLC IL 0.00 4673870.00 0.00 4673870.00 4673870.00 N 3.4 HC Fractyl Health, Inc. 3 Van de Graaff Drive, Suite 200, Burlington, MA 01803 This Schedule 13G is being filed on behalf of each of the following persons: CVF, LLC HCC Manager LLC 222 N. LaSalle Street, Suite 200, Chicago, Illinois 60601 CVF, LLC is a limited liability company formed in Delaware. HCC Manager LLC is a limited liability company formed in Illinois. Y The ownership percentages are based on (i) the number of shares of Common Stock that may be deemed to be beneficially owned by CVF, LLC and (ii) the 137,044,440 shares of Common Stock outstanding as of October 31, 2025, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2025. CVF, LLC: 3.4%; HCC Manager LLC: 3.4% CVF, LLC: 0; HCC Manager LLC: 0 CVF, LLC: 4,673,870; HCC Manager LLC: 4,673,870 CVF, LLC: 0; HCC Manager LLC: 0 CVF, LLC: 4,673,870; HCC Manager LLC: 4,673,870 N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. CVF, LLC /s/ Richard Robb 02/04/2026 HCC Manager LLC /s/ Richard Robb 02/04/2026