ERMENEGILDO ZEGNA N V

Ticker: ZGN CUSIP: N30577105 Class: None

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q1 2025

Shares 142,049 Value ($000) $1,051 Avg Close $8.25 Range $7.07 - $9.68

Q4 2024

Shares 24,460 Value ($000) $202 Avg Close $8.17 Range $7.13 - $9.84

Q3 2024

Shares 40,519 Value ($000) $399 Avg Close $10.36 Range $7.89 - $11.91

Q4 2023

Shares 26,937 Value ($000) $312 Avg Close $11.90 Range $10.88 - $14.23

Q3 2023

Shares 14,018 Value ($000) $195 Avg Close $14.59 Range $12.26 - $16.36

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2025	142,049	$1,051	$8.25	$7.07 - $9.68
Q4 2024	24,460	$202	$8.17	$7.13 - $9.84
Q3 2024	40,519	$399	$10.36	$7.89 - $11.91
Q4 2023	26,937	$312	$11.90	$10.88 - $14.23
Q3 2023	14,018	$195	$14.59	$12.26 - $16.36