GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

Gallagher Fiduciary Advisors, LLC's Holding History (CIK: 0001527781)

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

Q4 2025

Shares 87,034 Value ($000) $421 Avg Close $4.89 Range $4.25 - $5.86

Q3 2025

Shares 81,736 Value ($000) $472 Avg Close $5.43 Range $3.50 - $6.31

Q2 2025

Shares 80,133 Value ($000) $363 Avg Close $3.88 Range $3.13 - $4.77

Q1 2025

Shares 65,163 Value ($000) $282 Avg Close $3.93 Range $3.15 - $5.29

Q4 2024

Shares 54,118 Value ($000) $170 Avg Close $4.67 Range $2.91 - $6.16

Q3 2024

Shares 52,169 Value ($000) $280 Avg Close $5.15 Range $4.15 - $6.61

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	87,034	$421	$4.89	$4.25 - $5.86
Q3 2025	81,736	$472	$5.43	$3.50 - $6.31
Q2 2025	80,133	$363	$3.88	$3.13 - $4.77
Q1 2025	65,163	$282	$3.93	$3.15 - $5.29
Q4 2024	54,118	$170	$4.67	$2.91 - $6.16
Q3 2024	52,169	$280	$5.15	$4.15 - $6.61