FORWARD AIR CORP

Ticker: FWRD CUSIP: 34986A104 Class: Common Stock

Union Square Park Capital Management, LLC's Holding History (CIK: 0001666231)

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

Q3 2025

Shares 150,000 Value ($000) $3,846 Avg Close $28.77 Range $24.20 - $32.47

Q2 2025

Shares 175,000 Value ($000) $4,295 Avg Close $17.76 Range $9.79 - $25.76

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	150,000	$3,846	$28.77	$24.20 - $32.47
Q2 2025	175,000	$4,295	$17.76	$9.79 - $25.76