1.2 Cobra Trading 2026 1 2026-04-27T00:00:00Z 2026 1 22.31 36.79 34.42 28.79 0.00 INSTINET (INCA) 100.00 36.79 34.42 28.79 0.00 -50.54 -1.8267 -37.53 -1.8267 -10.93 -1.8267 -85.9503 -1.8267 Cobra Trading LLC received an average of $0.0183 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. 10.48 19.21 32.57 48.22 0.00 INSTINET (INCA) 99.99 19.20 32.57 48.22 0.00 -3224.69 -1.8267 -5546.95 -1.8267 -3224.67 -1.8267 -32914.3585 -1.8267 Cobra Trading LLC received an average of $0.0183 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. VIRTU AMERICAS, LLC. (VALR) 0.00 0.00 0.00 0.00 0.00 0.05 5.8224 0.00 5.8224 0.00 5.8224 28.9165 5.8224 Cobra Trading LLC paid an average of $0.0582 per 100 shares to VIRTU AMERICAS, LLC. (VALR) 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. LAMPOST CAPITAL (LAMP) 0.00 0.00 0.00 0.00 0.00 0.00 4.9480 0.00 4.9480 0.00 4.9480 0.1702 4.9480 For Equities, Cobra Trading LLC paid an average of $0.0495 per 100 shares to LAMPOST CAPITAL (LAMP) 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. For Options, Cobra Trading LLC received an average of $6.02 per 100 contracts from LAMPOST CAPITAL (LAMP) 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. 45.69 31.23 25.73 43.03 0.00 LAMPOST CAPITAL (LAMP) 100.00 31.23 25.73 43.03 0.00 -1589.13 -6.0237 -4565.80 -6.0237 -1129.71 -6.0237 -3465.3516 -6.0237 For Equities, Cobra Trading LLC paid an average of $0.0495 per 100 shares to LAMPOST CAPITAL (LAMP) 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. For Options, Cobra Trading LLC received an average of $6.02 per 100 contracts from LAMPOST CAPITAL (LAMP) 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. 2026 2 19.47 37.50 33.99 28.51 0.00 INSTINET (INCA) 99.99 37.50 33.99 28.50 0.00 -28.04 -1.0227 -32.94 -1.0227 -6.92 -1.0227 -132.7018 -1.0227 Cobra Trading LLC received an average of $0.0102 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. VIRTU AMERICAS, LLC. (VALR) 0.01 0.01 0.00 0.00 0.00 0.00 2.6685 0.00 2.6685 0.00 2.6685 0.3831 2.6685 Cobra Trading LLC paid an average of $0.0267 per 100 shares to VIRTU AMERICAS, LLC. (VALR) 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. 5.86 20.96 30.06 48.98 0.00 INSTINET (INCA) 99.99 20.95 30.06 48.98 0.00 -1965.40 -1.0227 -3200.77 -1.0227 -1887.13 -1.0227 -16772.0275 -1.0227 Cobra Trading LLC received an average of $0.0102 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. VIRTU AMERICAS, LLC. (VALR) 0.00 0.00 0.00 0.00 0.00 0.05 2.6685 0.00 2.6685 0.00 2.6685 15.9487 2.6685 Cobra Trading LLC paid an average of $0.0267 per 100 shares to VIRTU AMERICAS, LLC. (VALR) 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. LAMPOST CAPITAL (LAMP) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 For Equities, Cobra Trading LLC paid an average of $0.0711 per 100 shares to LAMPOST CAPITAL (LAMP) 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. For Options, Cobra Trading LLC received an average of $5.68 per 100 contracts from LAMPOST CAPITAL (LAMP) 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. 45.68 32.13 21.94 45.93 0.00 LAMPOST CAPITAL (LAMP) 100.00 32.13 21.94 45.93 0.00 -2830.05 -5.6775 -1897.35 -5.6775 -653.41 -5.6775 -2575.7160 -5.6775 For Equities, Cobra Trading LLC paid an average of $0.0711 per 100 shares to LAMPOST CAPITAL (LAMP) 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. For Options, Cobra Trading LLC received an average of $5.68 per 100 contracts from LAMPOST CAPITAL (LAMP) 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. 2026 3 11.20 48.29 30.89 20.82 0.00 INSTINET (INCA) 99.94 48.27 30.87 20.80 0.00 -28.88 -1.4814 -15.53 -1.4814 -4.49 -1.4814 -252.3055 -1.4814 Cobra Trading LLC received an average of $0.0148 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. VIRTU AMERICAS, LLC. (VALR) 0.02 0.02 0.00 0.00 0.00 0.00 1.7162 0.00 1.7162 0.00 1.7162 0.0355 1.7162 Cobra Trading LLC paid an average of $0.0172 per 100 shares to VIRTU AMERICAS, LLC. (VALR) 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. 18.61 22.50 31.11 46.39 0.00 INSTINET (INCA) 99.96 22.48 31.10 46.38 0.00 -3406.20 -1.4814 -4882.27 -1.4814 -2797.92 -1.4814 -29640.5182 -1.4814 Cobra Trading LLC received an average of $0.0148 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. LAMPOST CAPITAL (LAMP) 0.01 0.01 0.00 0.00 0.00 0.00 4.2210 0.00 4.2210 0.00 4.2210 0.8204 4.2210 For Equities, Cobra Trading LLC paid an average of $0.0422 per 100 shares to LAMPOST CAPITAL (LAMP) 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. For Options, Cobra Trading LLC received an average of $4.84 per 100 contracts from LAMPOST CAPITAL (LAMP) 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. VIRTU AMERICAS, LLC. (VALR) 0.01 0.01 0.00 0.00 0.00 0.01 1.7162 0.00 1.7162 0.00 1.7162 9.5859 1.7162 Cobra Trading LLC paid an average of $0.0172 per 100 shares to VIRTU AMERICAS, LLC. (VALR) 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. 37.65 36.50 22.42 41.08 0.00 LAMPOST CAPITAL (LAMP) 99.98 36.48 22.42 41.08 0.00 -2701.56 -4.8372 -2183.02 -4.8372 -805.84 -4.8372 -1389.7723 -4.8372 For Equities, Cobra Trading LLC paid an average of $0.0422 per 100 shares to LAMPOST CAPITAL (LAMP) 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. For Options, Cobra Trading LLC received an average of $4.84 per 100 contracts from LAMPOST CAPITAL (LAMP) 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.