GRAY TELEVISION INC

Ticker: GTN CUSIP: 389375106 Class: Common Stock

Police & Firemen's Retirement System of New Jersey's Holding History (CIK: 0002040686)

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

Q4 2025

Shares 24,177 Value ($000) $117 Avg Close $4.89 Range $4.25 - $5.86

Q3 2025

Shares 24,177 Value ($000) $140 Avg Close $5.43 Range $3.50 - $6.31

Q2 2025

Shares 16,923 Value ($000) $77 Avg Close $3.88 Range $3.13 - $4.77

Q1 2025

Shares 16,923 Value ($000) $73 Avg Close $3.93 Range $3.15 - $5.29

Q4 2024

Shares 16,923 Value ($000) $53 Avg Close $4.67 Range $2.91 - $6.16

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	24,177	$117	$4.89	$4.25 - $5.86
Q3 2025	24,177	$140	$5.43	$3.50 - $6.31
Q2 2025	16,923	$77	$3.88	$3.13 - $4.77
Q1 2025	16,923	$73	$3.93	$3.15 - $5.29
Q4 2024	16,923	$53	$4.67	$2.91 - $6.16