DIGIMARC CORP NEW

Ticker: DMRC CUSIP: 25381B101 Class: COM

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

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

Q4 2025

Shares 20,486 Value ($000) $134 Avg Close $8.48 Range $6.35 - $10.43

Q3 2025

Shares 21,262 Value ($000) $208 Avg Close $10.78 Range $7.77 - $14.01

Q2 2025

Shares 21,266 Value ($000) $281 Avg Close $12.83 Range $10.44 - $14.64

Q1 2025

Shares 26,862 Value ($000) $344 Avg Close $28.60 Range $12.63 - $48.32

Q4 2024

Shares 6,872 Value ($000) $257 Avg Close $32.67 Range $26.05 - $39.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	20,486	$134	$8.48	$6.35 - $10.43
Q3 2025	21,262	$208	$10.78	$7.77 - $14.01
Q2 2025	21,266	$281	$12.83	$10.44 - $14.64
Q1 2025	26,862	$344	$28.60	$12.63 - $48.32
Q4 2024	6,872	$257	$32.67	$26.05 - $39.20