FORWARD AIR CORP

Ticker: FWRD CUSIP: 34986A104 Class: Common Stock

BNP PARIBAS ARBITRAGE, SA's Holding History (CIK: 0001166588)

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

Q4 2025

Shares 404,706 Value ($000) $10,118 Avg Close $22.51 Range $15.75 - $26.70

Q3 2025

Shares 196,610 Value ($000) $5,041 Avg Close $28.77 Range $24.20 - $32.47

Q2 2025

Shares 286,843 Value ($000) $7,039 Avg Close $17.76 Range $9.79 - $25.76

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	404,706	$10,118	$22.51	$15.75 - $26.70
Q3 2025	196,610	$5,041	$28.77	$24.20 - $32.47
Q2 2025	286,843	$7,039	$17.76	$9.79 - $25.76