FORWARD AIR CORP

Ticker: FWRD CUSIP: 34986A104 Class: Common Stock

Mill Road Capital Management LLC's Holding History (CIK: 0001512275)

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

Q4 2025

Shares 167,650 Value ($000) $4,191 Avg Close $22.51 Range $15.75 - $26.70

Q3 2025

Shares 127,650 Value ($000) $3,273 Avg Close $28.77 Range $24.20 - $32.47

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	167,650	$4,191	$22.51	$15.75 - $26.70
Q3 2025	127,650	$3,273	$28.77	$24.20 - $32.47