EA SERIES TRUST

Ticker: MDLV CUSIP: 02072L482 Class: MORGAN DEMPSEY L

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (2)

OLD MISSION CAPITAL LLC

Value ($000) $228 Shares 8,034

Value ($000) $19 Shares 655

Institution	Shares	Value ($000)
OLD MISSION CAPITAL LLC	8,034	$228
UBS Group AG	655	$19

Increased Positions (3)

MORGAN DEMPSEY CAPITAL MANAGEMENT LLC

Value ($000) $967 (+10.2%) Shares 34,103 (+8.8%)

GTS SECURITIES LLC

Value ($000) $823 (+144.2%) Shares 29,027 (+141.1%)

Beacon Pointe Advisors, LLC

Value ($000) $10,722 (+6.2%) Shares 377,970 (+4.8%)

Institution	Prev Shares	Curr Shares	Change
MORGAN DEMPSEY CAPITAL MANAGEMENT LLC	31,347	34,103	+2,756 (+8.8%)
GTS SECURITIES LLC	12,041	29,027	+16,986 (+141.1%)
Beacon Pointe Advisors, LLC	360,651	377,970	+17,319 (+4.8%)

Decreased Positions (4)

Thrive Wealth Management, LLC

Value ($000) $206 (-46.2%) Shares 7,279 (-46.9%)

Atria Investments, Inc

Value ($000) $513 (-26.6%) Shares 18,087 (-27.6%)

Private Advisor Group, LLC

Value ($000) $286 (-34.0%) Shares 10,091 (-34.8%)

SUSQUEHANNA INTERNATIONAL GROUP, LLP

Value ($000) $237 (-42.6%) Shares 8,342 (-43.4%)

Institution	Prev Shares	Curr Shares	Change
Thrive Wealth Management, LLC	13,710	7,279	-6,431 (-46.9%)
Atria Investments, Inc	24,978	18,087	-6,891 (-27.6%)
Private Advisor Group, LLC	15,488	10,091	-5,397 (-34.8%)
SUSQUEHANNA INTERNATIONAL GROUP, LLP	14,729	8,342	-6,387 (-43.4%)

Exited Positions (2)

ENVESTNET ASSET MANAGEMENT INC

Value ($000) $14,207 Shares 507,384

Value ($000) $192 Shares 6,855

Institution	Prev Shares	Prev Value ($000)
ENVESTNET ASSET MANAGEMENT INC	507,384	$14,207
MORGAN STANLEY	6,855	$192