ADVANCED EMISSIONS SOLUTS IN

Ticker: ARQ CUSIP: 00770C101 Class: COM

Gladstone Institutional Advisory LLC's Holding History (CIK: 0001766530)

Note: Option positions (PUT/CALL) are excluded.

Q4 2019

Shares 10,621 Value ($000) $112 Avg Close $11.53 Range $8.78 - $14.69

Q3 2019

Shares 17,892 Value ($000) $266 Avg Close $12.28 Range $10.78 - $14.34

Q2 2019

Shares 18,349 Value ($000) $232 Avg Close $11.51 Range $9.98 - $12.43

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	10,621	$112	$11.53	$8.78 - $14.69
Q3 2019	17,892	$266	$12.28	$10.78 - $14.34
Q2 2019	18,349	$232	$11.51	$9.98 - $12.43