1.2 COBRA TRADING, INC. 2026 2 2026-07-23T08:05:50Z 2026 4 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2026 5 0.00 0.00 0.00 0.00 0.00 26.67 25.00 25.00 50.00 0.00 INSTINET, LLC INCA 50.00 0.00 0.00 100.00 0.00 0 -0.0113 0 -0.0113 0 -0.0113 0 -0.0113 Cobra Trading LLC received an average of $-0.0113 per 100 shares from INSTINET (INCA) in connection with orders routed by the firm to that venue. The amount reflects the net economic benefit to Cobra Trading in connection with the routing of customer orders to that venue. Payment levels may have varied during the period depending on order volume, order type, pricing tier, or other commercially negotiated terms that may have influenced routing decisions. MURIEL SIEBERT & CO., LLC STOX 50.00 50.00 50.00 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 No payment for order flow, profit sharing, or fee or payment arrangement with this venue. 0.00 0.00 0.00 0.00 0.00 2026 6 77.12 6.41 7.08 86.45 0.07 MURIEL SIEBERT & CO., LLC STOX 50.64 7.06 7.72 85.09 0.13 0 0.0000 0 0.0000 0 0.0000 0 0.0000 No payment for order flow, profit sharing, or fee or payment arrangement with this venue. INSTINET, LLC INCA 49.36 5.74 6.42 87.84 0.00 0 -0.0139 0 -0.0139 0 -0.0139 0 -0.0139 Cobra Trading LLC received an average of $-0.0139 per 100 shares from INSTINET (INCA) in connection with orders routed by the firm to that venue. The amount reflects the net economic benefit to Cobra Trading in connection with the routing of customer orders to that venue. Payment levels may have varied during the period depending on order volume, order type, pricing tier, or other commercially negotiated terms that may have influenced routing decisions. 89.48 5.41 30.70 63.75 0.14 MURIEL SIEBERT & CO., LLC STOX 48.63 5.44 31.00 63.44 0.13 0 0.0000 0 0.0000 0 0.0000 0 0.0000 No payment for order flow, profit sharing, or fee or payment arrangement with this venue. INSTINET, LLC INCA 51.37 5.39 30.41 64.05 0.14 -75 -0.0139 -192 -0.0139 -273 -0.0139 0 -0.0139 Cobra Trading LLC received an average of $-0.0139 per 100 shares from INSTINET (INCA) in connection with orders routed by the firm to that venue. The amount reflects the net economic benefit to Cobra Trading in connection with the routing of customer orders to that venue. Payment levels may have varied during the period depending on order volume, order type, pricing tier, or other commercially negotiated terms that may have influenced routing decisions. 95.55 27.60 10.93 61.47 0.00 MURIEL SIEBERT & CO., LLC STOX 0.36 0.00 0.00 100.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 No payment for order flow, profit sharing, or fee or payment arrangement with this venue. INSTINET, LLC INCA 49.46 27.17 9.78 63.04 0.00 0 -0.0139 0 -0.0139 0 -0.0139 0 -0.0139 Cobra Trading LLC received an average of $-0.0139 per 100 shares from INSTINET (INCA) in connection with orders routed by the firm to that venue. The amount reflects the net economic benefit to Cobra Trading in connection with the routing of customer orders to that venue. Payment levels may have varied during the period depending on order volume, order type, pricing tier, or other commercially negotiated terms that may have influenced routing decisions. DASH FINANCIAL TECHNOLOGIES LLC DFIN 50.18 28.21 12.14 59.64 0.00 5 1.9800 6 1.9800 30 1.9800 0 1.9800 Cobra Trading LLC paid an average of $1.98 per 100 shares to DASH FINANCIAL TECHNOLOGIES LLC(DFIN) in connection with orders routed by the firm to that venue. The amount reflects the net economic cost to Cobra Trading of accessing that venue's order execution services. Payment levels may have varied during the period depending on order volume, order type, pricing tier, or other commercially negotiated terms that may have influenced routing decisions.