Silver Rock Financial LP Diversified Active

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $55,909 (62.0% shares, 38.0% debt)

Holdings (25)

Increased Positions (1)

Value ($000) $4,620 (+59.8%) Shares 2,800,000 (+133.3%) Est. Cost $2.13 Unrealized -4.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OPTU	OPTIMUM COMMUNICATIONS INC	2,800,000 (+133.3%)	$4,620 (+59.8%)	8.3%	$2.13	-4.5%	CL A	02156K103

Exited Positions (4)

— DISH NETWORK CORPORATION 23.8%

Value ($000) $13,302 Shares 13,500,000 Est. Cost $0.64 Unrealized —

RGTIW RIGETTI COMPUTING INC 0.5%

Value ($000) $294 Shares 16,036 Est. Cost $1.31 Unrealized —

SONWQ SONDER HOLDINGS INC 0.0%

Value ($000) $2 Shares 160,000 Est. Cost $0.72 Unrealized —

CEROW CERO THERAPEUTICS HLDGS INC 0.0%

Value ($000) $0 Shares 12,224 Est. Cost $0.04 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	DISH NETWORK CORPORATION	13,500,000	$13,302	23.8%	$0.64	—	—	25470MAF6
RGTIW	RIGETTI COMPUTING INC	16,036	$294	0.5%	$1.31	—	—	76655K111
SONWQ	SONDER HOLDINGS INC	160,000	$2	0.0%	$0.72	—	—	83542D110
CEROW	CERO THERAPEUTICS HLDGS INC	12,224	$0	0.0%	$0.04	—	—	71902K113

Decreased Positions (1)

CYH COMMUNITY HEALTH SYS INC NEW 6.1%

Value ($000) $3,432 (-10.9%) Shares 1,100,000 (-8.3%) Est. Cost $3.38 Unrealized -0.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CYH	COMMUNITY HEALTH SYS INC NEW	1,100,000 (-8.3%)	$3,432 (-10.9%)	6.1%	$3.38	-0.5%	COM	203668108

Unchanged Positions (23)

— ECHOSTAR CORP 38.0%

Value ($000) $21,251 Shares 6,362,522 Est. Cost $1.13 Unrealized —

ACHC ACADIA HEALTHCARE COMPANY IN 9.1%

Value ($000) $5,108 Shares 360,000 Est. Cost $36.10 Unrealized -47.6%

CABO CABLE ONE INC 3.0%

Value ($000) $1,693 Shares 15,000 Est. Cost $350.10 Unrealized -61.0%

CMCSA COMCAST CORP NEW 32.7%

Value ($000) $18,278 Shares 611,500 Est. Cost $37.28 Unrealized -23.5%

SEAT VIVID SEATS INC 0.7%

Value ($000) $411 Shares 56,943 Est. Cost $23.58 Unrealized -58.3%

BRCC BRC INC 1.7%

Value ($000) $955 Shares 859,986 Est. Cost $9.05 Unrealized -85.7%

ARQQW ARQIT QUANTUM INC 0.0%

Value ($000) $7 Shares 42,139 Est. Cost $2.04 Unrealized —

BETRW BETTER HOME & FINANCE HOLDIN 0.0%

Value ($000) $5 Shares 45,085 Est. Cost $0.10 Unrealized —

LZM/WS LIFEZONE METALS LIMITED 0.0%

Value ($000) $19 Shares 47,386 Est. Cost $1.18 Unrealized —

PGYWW PAGAYA TECHNOLOGIES LTD 0.0%

Value ($000) $15 Shares 46,390 Est. Cost $0.39 Unrealized —

DAVEW DAVE INC 0.1%

Value ($000) $37 Shares 40,979 Est. Cost $1.46 Unrealized —

RDZNW ROADZEN INC 0.0%

Value ($000) $10 Shares 39,183 Est. Cost $0.04 Unrealized —

DAICW CID HOLDCO INC 0.0%

Value ($000) $6 Shares 78,411 Est. Cost $0.08 Unrealized —

NRDY NERDY INC 0.0%

Value ($000) $18 Shares 17,668 Est. Cost $4.33 Unrealized -74.0%

BGLWW BLUE GOLD LTD 0.1%

Value ($000) $29 Shares 69,908 Est. Cost $0.19 Unrealized —

BNAIW BRAND ENGAGEMENT NETWORK INC 0.0%

Value ($000) $3 Shares 79,596 Est. Cost $0.12 Unrealized —

CCGWW CHECHE GROUP INC 0.0%

Value ($000) $2 Shares 94,060 Est. Cost $0.20 Unrealized —

CRPWF CARBON REVOLUTION LTD 0.0%

Value ($000) $0 Shares 66,902 Est. Cost $0.04 Unrealized —

ALUR/WS ALLURION TECHNOLOGIES INC 0.0%

Value ($000) $1 Shares 86,285 Est. Cost $0.91 Unrealized —

ZEOWW ZEO ENERGY CORP 0.0%

Value ($000) $2 Shares 48,872 Est. Cost $0.12 Unrealized —

BDMDW BAIRD MED INVT HLDGS LTD 0.0%

Value ($000) $2 Shares 48,891 Est. Cost $0.21 Unrealized —

VEEAW VEEA INC 0.0%

Value ($000) $1 Shares 14,348 Est. Cost $0.24 Unrealized —

COCHW ENVOY MEDICAL INC 0.0%

Value ($000) $3 Shares 81,975 Est. Cost $0.02 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ECHOSTAR CORP	6,362,522	$21,251	38.0%	$1.13	—	NOTE 3.875%11/3	278768AB2
ACHC	ACADIA HEALTHCARE COMPANY IN	360,000	$5,108	9.1%	$36.10	-47.6%	COM	00404A109
CABO	CABLE ONE INC	15,000	$1,693	3.0%	$350.10	-61.0%	COM	12685J105
CMCSA	COMCAST CORP NEW	611,500	$18,278	32.7%	$37.28	-23.5%	CL A	20030N101
SEAT	VIVID SEATS INC	56,943	$411	0.7%	$23.58	-58.3%	COM CL A	92854T209
BRCC	BRC INC	859,986	$955	1.7%	$9.05	-85.7%	COM CL A	05601U105
ARQQW	ARQIT QUANTUM INC	42,139	$7	0.0%	$2.04	—	*W EXP 09/03/202	G0567U119
BETRW	BETTER HOME & FINANCE HOLDIN	45,085	$5	0.0%	$0.10	—	*W EXP 08/22/202	08774B110
LZM/WS	LIFEZONE METALS LIMITED	47,386	$19	0.0%	$1.18	—	*W EXP 07/05/202	G5568L117
PGYWW	PAGAYA TECHNOLOGIES LTD	46,390	$15	0.0%	$0.39	—	*W EXP 99/99/999	M7S64L107
DAVEW	DAVE INC	40,979	$37	0.1%	$1.46	—	*W EXP 01/05/202	23834J110
RDZNW	ROADZEN INC	39,183	$10	0.0%	$0.04	—	*W EXP 11/30/202	G7606H116
DAICW	CID HOLDCO INC	78,411	$6	0.0%	$0.08	—	*W EXP 12/31/202	171756117
NRDY	NERDY INC	17,668	$18	0.0%	$4.33	-74.0%	CL A COM	64081V109
BGLWW	BLUE GOLD LTD	69,908	$29	0.1%	$0.19	—	*W EXP 04/01/203	G1331C112
BNAIW	BRAND ENGAGEMENT NETWORK INC	79,596	$3	0.0%	$0.12	—	*W EXP 03/14/202	104932116
CCGWW	CHECHE GROUP INC	94,060	$2	0.0%	$0.20	—	*W EXP 10/01/203	G20707116
CRPWF	CARBON REVOLUTION LTD	66,902	$0	0.0%	$0.04	—	*W EXP 99/99/999	G1893D110
ALUR/WS	ALLURION TECHNOLOGIES INC	86,285	$1	0.0%	$0.91	—	*W EXP 08/01/203	02008G110
ZEOWW	ZEO ENERGY CORP	48,872	$2	0.0%	$0.12	—	*W EXP 03/13/202	98944F117
BDMDW	BAIRD MED INVT HLDGS LTD	48,891	$2	0.0%	$0.21	—	*W EXP 10/01/202	G0705H111
VEEAW	VEEA INC	14,348	$1	0.0%	$0.24	—	*W EXP 09/13/202	693489114
COCHW	ENVOY MEDICAL INC	81,975	$3	0.0%	$0.02	—	*W EXP 09/29/202	29415V117