BALLARD PWR SYS INC NEW

Ticker: BLDP CUSIP: 058586108 Class: COM

TWO SIGMA INVESTMENTS, LP's Holding History (CIK: 0001179392)

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

Q4 2025

Shares 6,769,185 Value ($000) $17,194 Avg Close $3.10 Range $2.51 - $4.10

Q3 2025

Shares 6,282,641 Value ($000) $17,089 Avg Close $2.05 Range $1.51 - $3.17

Q2 2025

Shares 5,625,534 Value ($000) $8,945 Avg Close $1.34 Range $1.00 - $1.80

Q1 2025

Shares 2,565,303 Value ($000) $2,822 Avg Close $1.41 Range $1.08 - $2.08

Q4 2024

Shares 1,793,296 Value ($000) $2,977 Avg Close $1.56 Range $1.23 - $1.87

Q3 2024

Shares 1,131,883 Value ($000) $2,037 Avg Close $2.00 Range $1.61 - $2.71

Q2 2024

Shares 1,224,271 Value ($000) $2,755 Avg Close $2.84 Range $2.22 - $3.38

Q1 2024

Shares 885,109 Value ($000) $2,461 Avg Close $3.15 Range $2.66 - $3.79

Q4 2023

Shares 994,231 Value ($000) $3,679 Avg Close $3.56 Range $3.13 - $4.01

Q2 2023

Shares 65,879 Value ($000) $287 Avg Close $4.56 Range $3.98 - $5.68

Q1 2023

Shares 521,586 Value ($000) $2,905 Avg Close $5.77 Range $4.67 - $7.10

Q4 2022

Shares 1,486,151 Value ($000) $7,119 Avg Close $5.68 Range $4.43 - $6.93

Q3 2022

Shares 1,504,079 Value ($000) $9,205 Avg Close $7.48 Range $5.94 - $9.28

Q2 2022

Shares 2,410,633 Value ($000) $15,187 Avg Close $8.00 Range $5.75 - $12.57

Q1 2022

Shares 739,703 Value ($000) $8,610 Avg Close $10.65 Range $8.31 - $12.96

Q4 2021

Shares 992,827 Value ($000) $12,470 Avg Close $15.12 Range $11.73 - $19.66

Q3 2021

Shares 207,704 Value ($000) $2,918 Avg Close $15.84 Range $13.73 - $18.86

Q2 2021

Shares 1,099,587 Value ($000) $19,925 Avg Close $18.59 Range $12.80 - $25.59

Q1 2021

Shares 20,704 Value ($000) $504 Avg Close $29.89 Range $20.25 - $42.28

Q2 2020

Shares 426,003 Value ($000) $6,560 Avg Close $10.94 Range $7.20 - $15.99

Q1 2020

Shares 441,483 Value ($000) $3,360 Avg Close $9.71 Range $6.95 - $14.20

Q4 2019

Shares 185,858 Value ($000) $1,334 Avg Close $6.10 Range $4.57 - $7.30

Q3 2019

Shares 148,483 Value ($000) $726 Avg Close $4.53 Range $3.92 - $5.72

Q3 2017

Shares 60,599 Value ($000) $285 Avg Close $3.30 Range $2.63 - $5.27

Q1 2014

Shares 816,754 Value ($000) $3,594 Avg Close $3.23 Range $1.55 - $8.38

Q4 2013

Shares 27,200 Value ($000) $41 Avg Close $1.42 Range $1.25 - $2.03

Q3 2013

Shares 36,481 Value ($000) $64 Avg Close $1.79 Range $1.42 - $2.36

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,769,185	$17,194	$3.10	$2.51 - $4.10
Q3 2025	6,282,641	$17,089	$2.05	$1.51 - $3.17
Q2 2025	5,625,534	$8,945	$1.34	$1.00 - $1.80
Q1 2025	2,565,303	$2,822	$1.41	$1.08 - $2.08
Q4 2024	1,793,296	$2,977	$1.56	$1.23 - $1.87
Q3 2024	1,131,883	$2,037	$2.00	$1.61 - $2.71
Q2 2024	1,224,271	$2,755	$2.84	$2.22 - $3.38
Q1 2024	885,109	$2,461	$3.15	$2.66 - $3.79
Q4 2023	994,231	$3,679	$3.56	$3.13 - $4.01
Q2 2023	65,879	$287	$4.56	$3.98 - $5.68
Q1 2023	521,586	$2,905	$5.77	$4.67 - $7.10
Q4 2022	1,486,151	$7,119	$5.68	$4.43 - $6.93
Q3 2022	1,504,079	$9,205	$7.48	$5.94 - $9.28
Q2 2022	2,410,633	$15,187	$8.00	$5.75 - $12.57
Q1 2022	739,703	$8,610	$10.65	$8.31 - $12.96
Q4 2021	992,827	$12,470	$15.12	$11.73 - $19.66
Q3 2021	207,704	$2,918	$15.84	$13.73 - $18.86
Q2 2021	1,099,587	$19,925	$18.59	$12.80 - $25.59
Q1 2021	20,704	$504	$29.89	$20.25 - $42.28
Q2 2020	426,003	$6,560	$10.94	$7.20 - $15.99
Q1 2020	441,483	$3,360	$9.71	$6.95 - $14.20
Q4 2019	185,858	$1,334	$6.10	$4.57 - $7.30
Q3 2019	148,483	$726	$4.53	$3.92 - $5.72
Q3 2017	60,599	$285	$3.30	$2.63 - $5.27
Q1 2014	816,754	$3,594	$3.23	$1.55 - $8.38
Q4 2013	27,200	$41	$1.42	$1.25 - $2.03
Q3 2013	36,481	$64	$1.79	$1.42 - $2.36