We are exposed to market risk as the result of changes in interest rates. The JPM Credit Agreement requires monthly payments of interest based on the adjusted Term SOFR plus the applicable margin. We currently do not utilize any derivative financial instruments, such as interest rate swaps or caps, to mitigate this risk. As of June 30, 2026, we had $198.1 million outstanding under our JPM Credit Agreement that was subject to a variable interest rate. The effect of a hypothetical, instantaneous and unfavorable change of 100 basis points in the interest rate would have an approximate $2.0 million annualized negative impact on our earnings and cash flows. 34 Index