BANCO SANTANDER S.A.

Ticker: SAN CUSIP: 05964H105 Class: ADR

Gladstone Institutional Advisory LLC's Holding History (CIK: 0001766530)

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

Q4 2025
Shares 36,227 Value ($000) $425 Avg Close — Range —
Q3 2025
Shares 37,331 Value ($000) $391 Avg Close — Range —