Cowen Investment Management’s Trebia Acquisition Corp. Units, each consisting of one Class A Ordinary Share, and one-third of one TREB.U Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2021 Q1	–	Sell	-75,000	Closed	-$867K	–	220
2020 Q4	$867K	Sell	75,000 -75,000	-50%	-$867K	0.4%	87
2020 Q3	$1.62M	Buy	150,000 +50,000	+50%	+$540K	0.68%	37
2020 Q2	$1.05M	Buy	+100,000	New	+$1.05M	0.67%	26