MEDIAALPHA INC

Ticker: MAX CUSIP: 58450V104 Class: Common Stock

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q4 2025

Shares 23,427 Value ($000) $303 Avg Close $12.21 Range $10.36 - $13.92

Q2 2025

Shares 41,164 Value ($000) $451 Avg Close $9.65 Range $7.33 - $11.40

Q1 2025

Shares 73,945 Value ($000) $683 Avg Close $10.68 Range $8.21 - $13.24

Q4 2024

Shares 64,251 Value ($000) $725 Avg Close $14.38 Range $10.21 - $20.91

Q3 2024

Shares 31,667 Value ($000) $573 Avg Close $15.94 Range $12.11 - $19.25

Q2 2023

Shares 10,028 Value ($000) $103 Avg Close $9.04 Range $5.08 - $15.40

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	23,427	$303	$12.21	$10.36 - $13.92
Q2 2025	41,164	$451	$9.65	$7.33 - $11.40
Q1 2025	73,945	$683	$10.68	$8.21 - $13.24
Q4 2024	64,251	$725	$14.38	$10.21 - $20.91
Q3 2024	31,667	$573	$15.94	$12.11 - $19.25
Q2 2023	10,028	$103	$9.04	$5.08 - $15.40