FORWARD AIR CORP

Ticker: FWRD CUSIP: 34986A104 Class: Common Stock

ROYCE & ASSOCIATES LP's Holding History (CIK: 0000906304)

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

Q4 2025

Shares 281,553 Value ($000) $7,039 Avg Close $22.51 Range $15.75 - $26.70

Q3 2025

Shares 175,189 Value ($000) $4,492 Avg Close $28.77 Range $24.20 - $32.47

Q2 2025

Shares 65,014 Value ($000) $1,595 Avg Close $17.76 Range $9.79 - $25.76

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	281,553	$7,039	$22.51	$15.75 - $26.70
Q3 2025	175,189	$4,492	$28.77	$24.20 - $32.47
Q2 2025	65,014	$1,595	$17.76	$9.79 - $25.76