FORWARD AIR CORP

Ticker: FWRD CUSIP: 34986A104 Class: Common Stock

BRIGADE CAPITAL MANAGEMENT, LP's Holding History (CIK: 0001421306)

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

Q4 2025

Shares 77,357 Value ($000) $1,934 Avg Close $22.51 Range $15.75 - $26.70

Q3 2025

Shares 220,850 Value ($000) $5,663 Avg Close $28.77 Range $24.20 - $32.47

Q2 2025

Shares 220,850 Value ($000) $5,420 Avg Close $17.76 Range $9.79 - $25.76

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	77,357	$1,934	$22.51	$15.75 - $26.70
Q3 2025	220,850	$5,663	$28.77	$24.20 - $32.47
Q2 2025	220,850	$5,420	$17.76	$9.79 - $25.76