Squadron Capital Management LLC

Q4 2025 13F Holdings Report, Options Holdings

Signature - Title: Jared Gandy - COO
Location: Hinsdale, IL
Options holdings as of: 31 Dec 2025
Notional value: $11,874,310
Number of holdings: 4
Filing time: 17 Feb 2026, 16:25:46 UTC
Description: All US holdings of this investor are reported in this report.
Stock holdings: Showing options holdings, see here for stock holdings

Sym	Company	Class	Option	Share Change	Activity	* Price $	Shares	Notional Value

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.

Person Signing this Report on Behalf of Reporting Manager:

Name	Title	City, State	Date
Jared Gandy	COO	Westmont, Illinois	17 Feb 2026