SALEM MEDIA GROUP INC

Ticker: SALM CUSIP: 794093104 Class: COM

Mink Brook Asset Management LLC's Holding History (CIK: 0002052205)

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

Q4 2025

Shares 115,705 Value ($000) $51 Avg Close $0.64 Range $0.40 - $0.85

Q3 2025

Shares 115,705 Value ($000) $96 Avg Close $0.88 Range $0.66 - $1.01

Q2 2025

Shares 354,553 Value ($000) $301 Avg Close $1.03 Range $0.42 - $2.09

Q1 2025

Shares 527,004 Value ($000) $279 Avg Close $0.65 Range $0.42 - $0.92

Q4 2024

Shares 527,004 Value ($000) $332 Avg Close $0.24 Range $0.15 - $0.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	115,705	$51	$0.64	$0.40 - $0.85
Q3 2025	115,705	$96	$0.88	$0.66 - $1.01
Q2 2025	354,553	$301	$1.03	$0.42 - $2.09
Q1 2025	527,004	$279	$0.65	$0.42 - $0.92
Q4 2024	527,004	$332	$0.24	$0.15 - $0.70