PROFICIENT AUTO LOGISTICS IN

Ticker: PAL CUSIP: 74317M104 Class: Common Stock

VELA Investment Management, LLC's Holding History (CIK: 0001895612)

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

Q4 2025

Shares 239,980 Value ($000) $2,313 Avg Close $7.85 Range $5.76 - $10.74

Q3 2025

Shares 201,058 Value ($000) $1,385 Avg Close $7.36 Range $5.88 - $8.51

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	239,980	$2,313	$7.85	$5.76 - $10.74
Q3 2025	201,058	$1,385	$7.36	$5.88 - $8.51