TENON MEDICAL INC

Ticker: TNONW CUSIP: 88066N113 Class: *W EXP 06/16/202

Holders for Q4 2025 Position Changes for Q4 2025

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

New Positions (2)

Focus Partners Wealth

Value ($000) $52 Shares 61,887

Virtu Financial LLC

Value ($000) $0 Shares 14,651

Institution	Shares	Value ($000)
Focus Partners Wealth	61,887	$52
Virtu Financial LLC	14,651	$0

Decreased Positions (4)

HEIGHTS CAPITAL MANAGEMENT, INC

Value ($000) $1 (-90.6%) Shares 140,236 (-83.4%)

Spectrum Asset Management, Inc. (NB/CA)

Value ($000) $7 (-58.1%) Shares 679,420 (-25.7%)

CITADEL ADVISORS LLC

Value ($000) $1 (+4.8%) Shares 71,533 (-1.1%)

GTS SECURITIES LLC

Value ($000) $0 (-43.4%) Shares 21,044 (-2.0%)

Institution	Prev Shares	Curr Shares	Change
HEIGHTS CAPITAL MANAGEMENT, INC	846,723	140,236	-706,487 (-83.4%)
Spectrum Asset Management, Inc. (NB/CA)	914,314	679,420	-234,894 (-25.7%)
CITADEL ADVISORS LLC	72,330	71,533	-797 (-1.1%)
GTS SECURITIES LLC	21,473	21,044	-429 (-2.0%)

Exited Positions (3)

Kovitz Investment Group Partners, LLC

Value ($000) $93 Shares 62,638

TWO SIGMA SECURITIES, LLC

Value ($000) $1 Shares 39,827

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $0 Shares 10,308

Institution	Prev Shares	Prev Value ($000)
Kovitz Investment Group Partners, LLC	62,638	$93
TWO SIGMA SECURITIES, LLC	39,827	$1
SUSQUEHANNA INTERNATIONAL GROUP, LLP	10,308	$0