SCHEDULE 13G/A 0000902664-25-003575 0001633313 XXXXXXXX LIVE 1 Class A Ordinary Shares, par value $0.0001 per share 09/30/2025 0001821586 MoonLake Immunotherapeutics 61559X104 DORFSTRASSE 29 ZUG V8 6300 Rule 13d-1(b) Avoro Capital Advisors LLC b DE 2000000.00 0.00 2000000.00 0.00 2000000.00 N 3.15 IA OO Behzad Aghazadeh b X1 2000000.00 0.00 2000000.00 0.00 2000000.00 N 3.15 HC IN MoonLake Immunotherapeutics Dorfstrasse 29, 6300 Zug, Switzerland This statement is filed by: (i) Avoro Capital Advisors LLC, a Delaware limited liability company ("Avoro"), which provides investment advisory and management services and has acquired the Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares") of MoonLake Immunotherapeutics, a Cayman Islands exempted company (the "Issuer"), solely for investment purposes on behalf of Avoro Life Sciences Fund LLC, a Delaware limited liability company, and (ii) Behzad Aghazadeh ("Dr. Aghazadeh," and together with Avoro, the "Reporting Persons"), who serves as the portfolio manager and controlling person of Avoro. The filing of this statement should not be construed as an admission that any Reporting Person is, for purposes of Section 13 of the Act, the beneficial owner of the securities reported herein. The address of the business office of each of the Reporting Persons is 110 Greene Street, Suite 800, New York, NY 10012. Avoro is a Delaware limited liability company. Dr. Aghazadeh is a United States citizen. N IA HC The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G is calculated based upon 63,501,402 Class A Ordinary Shares outstanding as of August 1, 2025 as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025, filed with the Securities and Exchange Commission on August 5, 2025. 3.15% The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference. N Y N See Item 2(a). Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. Avoro Capital Advisors LLC /s/ Scott Epstein 11/14/2025 Behzad Aghazadeh /s/ Behzad Aghazadeh 11/14/2025