ZOVIO INC

Ticker: ZVOI CUSIP: 98979V102 Class: COMMON STOCK

Madison Avenue Partners, LP's Holding History (CIK: 0001801265)

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

Q1 2022

Shares 122,429 Value ($000) $100,404 Avg Close $1.13 Range $0.80 - $1.47

Q4 2021

Shares 300,000 Value ($000) $381 Avg Close $1.75 Range $1.18 - $2.48

Q3 2021

Shares 123,727 Value ($000) $296 Avg Close $2.47 Range $2.13 - $3.00

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2022	122,429	$100,404	$1.13	$0.80 - $1.47
Q4 2021	300,000	$381	$1.75	$1.18 - $2.48
Q3 2021	123,727	$296	$2.47	$2.13 - $3.00