SEABRIDGE GOLD INC

Ticker: SA CUSIP: 811916105 Class: Stock-Materials

Waterloo Capital, L.P.'s Holding History (CIK: 0001730942)

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

Q4 2025

Shares 7,000 Value ($000) $207 Avg Close $26.29 Range $21.67 - $31.87

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	7,000	$207	$26.29	$21.67 - $31.87