Broad Bay is organized as a limited partnership under the laws of the State of Delaware. Richard Greeder, Founding Partner and Portfolio Manager (“PM”), founded Broad Bay in November 2015. Mr. Greeder is the principal owner of both Broad Bay and its general partner, Broad Bay Capital Management GP, LLC. The investment activities of Broad Bay are led by Mr. Greeder. A number of other investment professionals work with Mr. Greeder to execute Broad Bay’s investment strategy. Broad Bay has been registered as an investment adviser with the SEC since August 1, 2016 (the “Effective Date”). Broad Bay provides discretionary investment advice to the following private investment funds (each, a “Fund” and collectively the “Funds”), which are organized as a master- feeder structure: BBCM Master Fund Ltd. (the “Master Fund”) and BBCM Offshore Fund Ltd. (the “Offshore Fund”), each a Cayman Islands exempted company, and BBCM Onshore Fund LP (the “Onshore Fund”), a Delaware limited partnership. The Offshore Fund and Onshore Fund are feeder funds that invest all or substantially all of their assets through the Master Fund. All investment activity with respect to the Funds takes place at the Master Fund level. Broad Bay also provides non-discretionary investment advisory services to a separately managed account (the “Managed Account” and together with the Funds, the “Clients”). BBCM GP LLC, a Delaware limited liability company (the “General Partner”), serves as the general partner to the Onshore Fund. All references herein to Broad Bay are deemed to include the General Partner, as applicable and appropriate. The principal investment objective of the Master Fund is to generate superior, risk-adjusted returns by employing a low net long/short investing strategy focused principally on investments in public equity securities in the consumer, business services, industrial and media sectors, both domestically and in other markets. The Master Fund intends to pursue its investment objective by concentrating its portfolio in a limited number of long and short positions with a gross exposure target between 100% and 200%.

For more information regarding these strategies, see “Item 8. Methods of Analysis, Investment Strategies and Risk of Loss” below. Investment advice will be provided directly to the Funds and not individually to the investors of the Funds. Broad Bay will manage the assets of the Funds in accordance with the terms of each Fund’s confidential offering and/or private placement memoranda, individual limited partnership or shareholder agreements and other governing documents applicable to each Fund (collectively, the “Governing Fund Documents”). Fund investors can not restrict investments by the Funds in any capacity. From time to time, the Master Fund, to the extent permitted by the rules of the U.S. Financial Industry Regulatory Authority (“FINRA”) as may be amended from time to time (the “Rules”), may purchase, and has purchased, equity securities that are part of an initial public offering (sometimes referred to as “IPOs” or “new issues”). Accounts of “restricted persons” as defined under FINRA Rule 5130 and 5131 are prohibited from participating in IPOs, except as permitted by the Rules. The profits and losses with respect to new issues will generally be allocated to investors in the Funds that are not Restricted Persons. The principal investment objective of the Managed Account is to make co-investments in investment ideas generated by Broad Bay and approved by the owner of the Managed Account, as further set forth in the investment management agreement entered into between Broad Bay and the owner of the Managed Account (the “Managed Account Agreement”). As further described below in “Item 8. Methods of Analysis, Investment Strategies and Risk of Loss,” the Managed Account does not have the same investment objective as the Funds, but may invest, and has invested, in select investment opportunities in parallel to the Master Fund. Broad Bay does not participate in wrap fee programs. As of December 31, 2023, Broad Bay had approximately $1,789,578,519 of discretionary regulatory assets under management, and $0 of non-discretionary regulatory assets under management.