FORWARD AIR CORP

Ticker: FWRD CUSIP: 34986A104 Class: Common Stock

Shay Capital LLC's Holding History (CIK: 0001723643)

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

Q4 2025

Shares 194,300 Value ($000) $4,858 Avg Close $22.51 Range $15.75 - $26.70

Q3 2025

Shares 159,193 Value ($000) $4,082 Avg Close $28.77 Range $24.20 - $32.47

Q2 2025

Shares 48,500 Value ($000) $1,190 Avg Close $17.76 Range $9.79 - $25.76

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	194,300	$4,858	$22.51	$15.75 - $26.70
Q3 2025	159,193	$4,082	$28.77	$24.20 - $32.47
Q2 2025	48,500	$1,190	$17.76	$9.79 - $25.76