JBS N.V.

Ticker: JBS CUSIP: N4732M103 Class: Common Stock

Appian Way Asset Management LP's Holding History (CIK: 0001795816)

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

Q3 2025

Shares 310,681 Value ($000) $4,638 Avg Close $14.58 Range $12.83 - $17.80

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	310,681	$4,638	$14.58	$12.83 - $17.80