FORWARD AIR CORP

Ticker: FWRD CUSIP: 34986A104 Class: Common Stock

Penn Capital Management Company, LLC's Holding History (CIK: 0001158202)

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

Q3 2025

Shares 17,374 Value ($000) $445 Avg Close $28.77 Range $24.20 - $32.47

Q2 2025

Shares 10,397 Value ($000) $255 Avg Close $17.76 Range $9.79 - $25.76

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	17,374	$445	$28.77	$24.20 - $32.47
Q2 2025	10,397	$255	$17.76	$9.79 - $25.76