BANCO SANTANDER S.A.

Ticker: SAN CUSIP: 05964H105 Class: ADR

FWL INVESTMENT MANAGEMENT, LLC's Holding History (CIK: 0001829231)

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

Q4 2025
Shares 919 Value ($000) $11 Avg Close — Range —
Q3 2025
Shares 1,961 Value ($000) $21 Avg Close — Range —