GRAY TELEVISION INC

Ticker: GTN/A CUSIP: 389375205 Class: CL A

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (1)

Qube Research & Technologies Ltd

Value ($000) $13 Shares 1,097

Institution	Shares	Value ($000)
Qube Research & Technologies Ltd	1,097	$13

Increased Positions (2)

GEODE CAPITAL MANAGEMENT, LLC

Value ($000) $413 (+90.9%) Shares 34,329 (+54.4%)

Value ($000) $10 (+29.7%) Shares 821 (+4.9%)

Institution	Prev Shares	Curr Shares	Change
GEODE CAPITAL MANAGEMENT, LLC	22,227	34,329	+12,102 (+54.4%)
MORGAN STANLEY	783	821	+38 (+4.9%)

Decreased Positions (5)

Value ($000) $3 (-97.9%) Shares 252 (-98.3%)

HANCOCK WHITNEY CORP

Value ($000) $191 (+11.8%) Shares 15,894 (-9.7%)

RENAISSANCE TECHNOLOGIES LLC

Value ($000) $132 (+11.5%) Shares 11,000 (-9.8%)

Tower Research Capital LLC (TRC)

Value ($000) $4 (-13.5%) Shares 363 (-30.1%)

BANK OF AMERICA CORP /DE/

Value ($000) $0 (-80.0%) Shares 11 (-83.8%)

Institution	Prev Shares	Curr Shares	Change
UBS Group AG	14,631	252	-14,379 (-98.3%)
HANCOCK WHITNEY CORP	17,594	15,894	-1,700 (-9.7%)
RENAISSANCE TECHNOLOGIES LLC	12,200	11,000	-1,200 (-9.8%)
Tower Research Capital LLC (TRC)	519	363	-156 (-30.1%)
BANK OF AMERICA CORP /DE/	68	11	-57 (-83.8%)

Exited Positions (1)

JPMORGAN CHASE & CO

Value ($000) $0 Shares 11

Institution	Prev Shares	Prev Value ($000)
JPMORGAN CHASE & CO	11	$0