VALVOLINE INC

Ticker: VVV CUSIP: 92047W101 Class: Common Stock

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

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

Q4 2025

Shares 133,756 Value ($000) $3,887 Avg Close $32.11 Range $29.04 - $36.31

Q3 2025

Shares 217,728 Value ($000) $7,819 Avg Close $38.17 Range $34.46 - $41.33

Q2 2025

Shares 208,970 Value ($000) $7,914 Avg Close $34.96 Range $31.02 - $38.40

Q1 2025

Shares 115,392 Value ($000) $4,017 Avg Close $36.50 Range $33.90 - $40.34

Q4 2024

Shares 84,273 Value ($000) $3,049 Avg Close $40.01 Range $35.79 - $43.74

Q3 2024

Shares 60,272 Value ($000) $2,522 Avg Close $42.49 Range $37.89 - $48.27

Q2 2024

Shares 42,704 Value ($000) $1,845 Avg Close $41.98 Range $39.45 - $45.01

Q1 2024

Shares 42,704 Value ($000) $1,903 Avg Close $39.87 Range $33.86 - $45.37

Q4 2023

Shares 61,567 Value ($000) $2,314 Avg Close $33.48 Range $29.15 - $38.49

Q3 2023

Shares 61,567 Value ($000) $1,985 Avg Close $35.15 Range $31.83 - $39.66

Q2 2023

Shares 44,969 Value ($000) $1,687 Avg Close $36.31 Range $33.33 - $39.67

Q1 2023

Shares 38,970 Value ($000) $1,362 Avg Close $34.78 Range $32.55 - $37.33

Q4 2022

Shares 24,070 Value ($000) $786 Avg Close $30.25 Range $24.40 - $34.23

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	133,756	$3,887	$32.11	$29.04 - $36.31
Q3 2025	217,728	$7,819	$38.17	$34.46 - $41.33
Q2 2025	208,970	$7,914	$34.96	$31.02 - $38.40
Q1 2025	115,392	$4,017	$36.50	$33.90 - $40.34
Q4 2024	84,273	$3,049	$40.01	$35.79 - $43.74
Q3 2024	60,272	$2,522	$42.49	$37.89 - $48.27
Q2 2024	42,704	$1,845	$41.98	$39.45 - $45.01
Q1 2024	42,704	$1,903	$39.87	$33.86 - $45.37
Q4 2023	61,567	$2,314	$33.48	$29.15 - $38.49
Q3 2023	61,567	$1,985	$35.15	$31.83 - $39.66
Q2 2023	44,969	$1,687	$36.31	$33.33 - $39.67
Q1 2023	38,970	$1,362	$34.78	$32.55 - $37.33
Q4 2022	24,070	$786	$30.25	$24.40 - $34.23