CHOICE HOTELS INTL INC

Ticker: CHH CUSIP: 169905106 Class: Common Stock

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q4 2025

Shares 3,492 Value ($000) $333 Avg Close $94.91 Range $83.79 - $106.81

Q3 2025

Shares 9,274 Value ($000) $991 Avg Close $121.41 Range $105.38 - $135.67

Q1 2025

Shares 2,227 Value ($000) $296 Avg Close $141.11 Range $124.08 - $156.26

Q3 2022

Shares 3,916 Value ($000) $428 Avg Close $110.92 Range $100.74 - $118.91

Q1 2022

Shares 3,155 Value ($000) $447 Avg Close $138.68 Range $123.27 - $151.30

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,492	$333	$94.91	$83.79 - $106.81
Q3 2025	9,274	$991	$121.41	$105.38 - $135.67
Q1 2025	2,227	$296	$141.11	$124.08 - $156.26
Q3 2022	3,916	$428	$110.92	$100.74 - $118.91
Q1 2022	3,155	$447	$138.68	$123.27 - $151.30