CARDLYTICS INC

CUSIP: 14161WAD7 Class: NOTE 4.250% 4/0

Holders for Q4 2025 Position Changes for Q4 2025

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

Increased Positions (2)

PenderFund Capital Management Ltd.

Value ($000) $19,358 (+31.9%) Shares 47,710,000 (+72.8%)

Context Capital Management, LLC

Value ($000) $6,176 (-25.7%) Shares 15,636,000 (+99900.0%)

Institution	Prev Shares	Curr Shares	Change
PenderFund Capital Management Ltd.	27,610,000	47,710,000	+20,100,000 (+72.8%)
Context Capital Management, LLC	15,636	15,636,000	+15,620,364 (+99900.0%)

Decreased Positions (4)

WHITEBOX ADVISORS LLC

Value ($000) $2,888 (-54.6%) Shares 7,404,000 (-38.7%)

DeepCurrents Investment Group LLC

Value ($000) $1,826 (-48.6%) Shares 4,435,000 (-32.9%)

Value ($000) $12,145 (-33.3%) Shares 31,141,000 (-10.0%)

CAPSTONE INVESTMENT ADVISORS, LLC

Value ($000) $3,612 (-33.0%) Shares 9,145,000 (-9.9%)

Institution	Prev Shares	Curr Shares	Change
WHITEBOX ADVISORS LLC	12,079,000	7,404,000	-4,675,000 (-38.7%)
DeepCurrents Investment Group LLC	6,610,000	4,435,000	-2,175,000 (-32.9%)
FMR LLC	34,591,000	31,141,000	-3,450,000 (-10.0%)
CAPSTONE INVESTMENT ADVISORS, LLC	10,145,000	9,145,000	-1,000,000 (-9.9%)

Exited Positions (1)

GABELLI FUNDS LLC

Value ($000) $4,553 Shares 8,525,000

Institution	Prev Shares	Prev Value ($000)
GABELLI FUNDS LLC	8,525,000	$4,553