GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

Cambria Investment Management, L.P.'s Holding History (CIK: 0001529389)

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

Q4 2025

Shares 31,611 Value ($000) $153 Avg Close $4.89 Range $4.25 - $5.86

Q3 2025

Shares 28,663 Value ($000) $166 Avg Close $5.43 Range $3.50 - $6.31

Q2 2025

Shares 27,417 Value ($000) $124 Avg Close $3.88 Range $3.13 - $4.77

Q1 2019

Shares 8,868 Value ($000) $189 Avg Close $18.64 Range $14.44 - $23.45

Q4 2018

Shares 11,969 Value ($000) $176 Avg Close $17.36 Range $13.75 - $20.24

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	31,611	$153	$4.89	$4.25 - $5.86
Q3 2025	28,663	$166	$5.43	$3.50 - $6.31
Q2 2025	27,417	$124	$3.88	$3.13 - $4.77
Q1 2019	8,868	$189	$18.64	$14.44 - $23.45
Q4 2018	11,969	$176	$17.36	$13.75 - $20.24