U.S. Global Investors (USGI)’s Gol Linhas Aéreas Inteligentes S.A. American Depositary Shares (Each representing Ten Preferred Shares) GOL Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2022 Q3	–	Sell	-2,780,278	Closed	-$9.48M	–	163
2022 Q2	$9.48M	Buy	2,780,278 +118,469	+4%	+$671K	0.45%	29
2022 Q1	$19.2M	Buy	2,661,809 +51,334	+2%	+$327K	0.64%	23
2021 Q4	$15.8M	Buy	2,610,475 +244,542	+10%	+$1.56M	0.58%	25
2021 Q3	$18.1M	Buy	2,365,933 +391,685	+20%	+$3.05M	0.58%	25
2021 Q2	$18.2M	Sell	1,974,248 -3,760,764	-66%	-$35.1M	0.61%	24
2021 Q1	$43.9M	Buy	5,735,012 +2,948,253	+106%	+$24.6M	1.4%	12
2020 Q4	$27.4M	Buy	2,786,759 +479,680	+21%	+$3.89M	1.19%	17
2020 Q3	$14.1M	Buy	2,307,079 +690,301	+43%	+$4.88M	0.98%	20
2020 Q2	$11M	Buy	1,616,778 +839,121	+108%	+$4.39M	1.04%	19
2020 Q1	$3.32M	Buy	777,657 +748,093	+2,530%	+$9.5M	0.9%	18
2019 Q4	$534K	Buy	29,564 +277	+0.9%	+$4.71K	0.24%	95
2019 Q3	$453K	Sell	29,287 -13,366	-31%	-$245K	0.25%	99
2019 Q2	$720K	Sell	42,653 -8,757	-17%	-$116K	0.37%	70
2019 Q1	$671K	Sell	51,410 -24,823	-33%	-$346K	0.32%	70
2018 Q4	$1.03M	Sell	76,233 -97,836	-56%	-$988K	0.6%	48
2018 Q3	$950K	Sell	174,069 -4,249	-2%	-$25.4K	0.46%	66
2018 Q2	$952K	Buy	178,318 +97,184	+120%	+$880K	0.44%	70
2018 Q1	$1.05M	Sell	81,134 -39,817	-33%	-$444K	0.66%	44
2017 Q4	$1.06M	Sell	120,951 -26,772	-18%	-$235K	0.49%	51
2017 Q3	$1.25M	Buy	+147,723	New	+$997K	0.47%	60