NOTE Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:NQA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
20 Nov 24	Buy€11,477	Johannes Lind-Widestam	Individual	1,050	€10.93
24 Oct 24	Buy€44,210	Johannes Lind-Widestam	Individual	4,000	€11.05
23 Aug 24	Sell€441,334	Johannes Lind-Widestam	Individual	37,529	€11.79
05 Aug 24	Buy€21,621	Charlotte Stjerngren	Individual	1,959	€11.04
23 Jul 24	Sell€152,108	Johannes Lind-Widestam	Individual	12,000	€12.68
13 Jun 24	Sell€9,762,761	Johan Hagberg	Individual	720,000	€13.56
17 May 24	Sell€226,059	Johannes Lind-Widestam	Individual	18,000	€12.56
17 May 24	Sell€21,746	Kamran Shahabi	Individual	1,728	€12.58
06 May 24	Buy€3,488	Johannes Lind-Widestam	Individual	290	€12.03

Insider Buying: NQA insiders have bought more shares than they have sold in the past 3 months.

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top 25 shareholders own 56.25% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
19%	Johan Hagberg	5,506,343	€61.0m	0%	no data
5.43%	Egil Dahl	1,575,000	€17.4m	0%	no data
4.98%	Nordnet Pensionsförsäkring Ab, Asset Management Arm	1,444,044	€16.0m	0%	3.74%
4.59%	Nordnet AB (publ), Asset Management Arm	1,330,963	€14.7m	-2.99%	2.35%
4.53%	Avanza Fonder AB	1,313,701	€14.5m	0%	0.2%
2.42%	Nordea Investment Management, AB	700,216	€7.8m	0%	0.01%
1.66%	Investeringsradgivningsselskabet MW Compounders ApS	481,000	€5.3m	2.12%	2.59%
1.62%	Tredje AP-fonden	470,761	€5.2m	0%	0.02%
1.44%	Handelsbanken Asset Management	417,664	€4.6m	0%	0.01%
1.36%	Sp-Rahastoyhtiö Oy	394,863	€4.4m	0%	0.19%
1.22%	Lansforsakringar Fondforvaltning AB	352,516	€3.9m	0%	0.01%
1.17%	Joh. Berenberg, Gossler & Co. KG, Asset Management Arm	339,873	€3.8m	0%	0.14%
1.11%	Johannes Lind-Widestam	321,425	€3.6m	1.6%	no data
1.09%	Fondita Rahastoyhtio AB	316,815	€3.5m	0%	0.71%
0.74%	Dimensional Fund Advisors LP	215,906	€2.4m	-1.96%	no data
0.62%	SEB Investment Management AB	181,089	€2.0m	0%	no data
0.62%	Lonvia Capital	178,381	€2.0m	0%	0.82%
0.52%	KBC Asset Management NV	150,915	€1.7m	0%	no data
0.37%	Ålandsbanken Fondbolag AB	108,479	€1.2m	0%	0.05%
0.35%	Skandia Fonder AB	100,456	€1.1m	0%	0.01%
0.34%	Amundi Asset Management SAS	99,061	€1.1m	0%	no data
0.3%	Storebrand Fonder AB,	85,778	€949.5k	0%	no data
0.29%	Norron AB	82,987	€918.6k	0%	0.73%
0.26%	Mandarine Gestion	75,000	€830.2k	0%	0.05%
0.21%	American Century Investment Management Inc	59,874	€662.8k	-1.84%	no data