PENN NATL GAMING INC

Ticker: PENN CUSIP: 707569109 Class: Common Stock

III Capital Management's Holding History (CIK: 0001783139)

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

Q4 2025

Shares 20,000 Value ($000) $295 Avg Close $15.60 Range $13.24 - $19.54

Q4 2023

Shares 50,000 Value ($000) $1,301 Avg Close $23.19 Range $18.35 - $27.21

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	20,000	$295	$15.60	$13.24 - $19.54
Q4 2023	50,000	$1,301	$23.19	$18.35 - $27.21