X0306 4 2022-03-07 0 0001856725 Rani Therapeutics Holdings, Inc. RANI 0001865699 Farquharson Andrew C/O RANI THERAPEUTICS LLC 2051 RINGWOOD AVE. SAN JOSE CA 95131 1 0 0 0 Class B Common Stock 2022-03-07 4 C 0 2309490 0 D 256623 I See footnote. Class A Common Stock 2022-03-07 4 C 0 2309490 0 A 2375617 I See footnote. Class A Common Stock 2022-03-07 4 J 0 2229238 0 D 146379 I See footnote. Class A Common LLC Units 0 2022-03-07 4 C 0 2309490 0 D Class A Common Stock 2309490 256623 I See footnote. Pursuant to the terms of the Fifth Amended and Restated LLC Agreement between Rani Therapeutics, LLC, a direct subsidiary of the Issuer, and the holders of its Common LLC Units ("LLC Units"), InCube Ventures II, L.P. and Rani Investment Corp. elected to exchange on a one-for-one basis the LLC Units and redeem the corresponding number of shares of Class B Common Stock of the Issuer ("Class B Shares") for newly-issued shares of Class A Common Stock of the Issuer ("Class A Shares"). InCube Ventures II, L.P. distributed these shares to its limited partners on a pro rata basis, for no consideration The Reporting Person is a General Partner of InCube Ventures II, L.P. and Rani Investment Corp. Represents 2,229,238 Class B Shares previously held by InCube Ventures II, L.P. and 80,252 Class B Shares previously held by Rani Investment Corp. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The Reporting Person is a General Partner of InCube Ventures II, L.P. and Rani Investment Corp. Represents 2,229,238 Class A Shares held by InCube Ventures II, L.P. and 80,252 Class A Shares held by Rani Investment Corp. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The Reporting Person is a General Partner of InCube Ventures II, L.P. Represents 2,229,238 Class A Shares previously held by InCube Ventures II, L.P. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The Reporting Person is a General Partner of InCube Ventures II, L.P. and Rani Investment Corp. Represents 2,229,238 LLC Units previously held by InCube Ventures II, L.P. and 80,252 LLC Units previously held by Rani Investment Corp. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. /s/Josh Seidenfeld, Attonrey-in-Fact for Andrew Farquharson 2022-03-10