AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

HOWARD FINANCIAL SERVICES, LTD.'s Holding History (CIK: 0001768130)

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

Q4 2025

Shares 916 Value ($000) $236 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 812 Value ($000) $238 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 800 Value ($000) $247 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 1,735 Value ($000) $530 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 1,697 Value ($000) $497 Avg Close $287.90 Range $266.14 - $301.35

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	916	$236	$264.83	$245.59 - $291.75
Q3 2025	812	$238	$297.80	$280.46 - $312.33
Q2 2025	800	$247	$302.36	$268.13 - $324.50
Q1 2025	1,735	$530	$295.41	$279.29 - $315.84
Q4 2024	1,697	$497	$287.90	$266.14 - $301.35