GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

DELPHI MANAGEMENT INC /MA/'s Holding History (CIK: 0000767684)

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

Q4 2021

Shares 51,713 Value ($000) $1,043 Avg Close $22.14 Range $18.31 - $25.24

Q3 2021

Shares 40,080 Value ($000) $915 Avg Close $22.13 Range $20.24 - $24.43

Q2 2021

Shares 41,963 Value ($000) $982 Avg Close $21.70 Range $18.39 - $24.04

Q1 2021

Shares 46,535 Value ($000) $856 Avg Close $18.51 Range $16.30 - $21.22

Q3 2019

Shares 60,609 Value ($000) $989 Avg Close $16.43 Range $13.60 - $18.73

Q2 2019

Shares 61,473 Value ($000) $1,008 Avg Close $19.81 Range $15.77 - $25.31

Q1 2019

Shares 61,162 Value ($000) $1,306 Avg Close $18.64 Range $14.44 - $23.45

Q4 2018

Shares 134,937 Value ($000) $1,989 Avg Close $17.36 Range $13.75 - $20.24

Q3 2018

Shares 142,838 Value ($000) $2,500 Avg Close $16.37 Range $14.60 - $17.90

Q2 2018

Shares 148,293 Value ($000) $2,291 Avg Close $12.00 Range $10.70 - $17.00

Q1 2018

Shares 150,042 Value ($000) $1,906 Avg Close $15.09 Range $11.80 - $17.80

Q4 2017

Shares 46,930 Value ($000) $786 Avg Close $15.62 Range $13.90 - $17.50

Q3 2017

Shares 35,030 Value ($000) $550 Avg Close $14.30 Range $13.30 - $15.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2021	51,713	$1,043	$22.14	$18.31 - $25.24
Q3 2021	40,080	$915	$22.13	$20.24 - $24.43
Q2 2021	41,963	$982	$21.70	$18.39 - $24.04
Q1 2021	46,535	$856	$18.51	$16.30 - $21.22
Q3 2019	60,609	$989	$16.43	$13.60 - $18.73
Q2 2019	61,473	$1,008	$19.81	$15.77 - $25.31
Q1 2019	61,162	$1,306	$18.64	$14.44 - $23.45
Q4 2018	134,937	$1,989	$17.36	$13.75 - $20.24
Q3 2018	142,838	$2,500	$16.37	$14.60 - $17.90
Q2 2018	148,293	$2,291	$12.00	$10.70 - $17.00
Q1 2018	150,042	$1,906	$15.09	$11.80 - $17.80
Q4 2017	46,930	$786	$15.62	$13.90 - $17.50
Q3 2017	35,030	$550	$14.30	$13.30 - $15.75