BOSTON BEER INC

Ticker: SAM CUSIP: 100557107 Class: CL A

MORGAN STANLEY's Holding History (CIK: 0000895421)

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

Q4 2025

Shares 114,300 Value ($000) $22,304 Avg Close $206.20 Range $189.92 - $243.73

Q3 2025

Shares 233,767 Value ($000) $49,423 Avg Close $212.75 Range $187.00 - $232.00

Q2 2025

Shares 93,287 Value ($000) $17,800 Avg Close $230.18 Range $185.34 - $260.00

Q1 2025

Shares 60,260 Value ($000) $14,393 Avg Close $243.60 Range $215.10 - $302.68

Q4 2024

Shares 64,379 Value ($000) $19,312 Avg Close $301.80 Range $267.74 - $329.55

Q3 2024

Shares 56,602 Value ($000) $16,366 Avg Close $278.81 Range $262.00 - $305.02

Q2 2024

Shares 65,711 Value ($000) $20,045 Avg Close $286.39 Range $254.40 - $339.77

Q1 2024

Shares 66,492 Value ($000) $20,242 Avg Close $333.53 Range $287.33 - $371.65

Q4 2023

Shares 59,993 Value ($000) $20,733 Avg Close $350.71 Range $313.17 - $395.52

Q3 2023

Shares 51,645 Value ($000) $20,118 Avg Close $350.39 Range $296.27 - $392.94

Q2 2023

Shares 63,948 Value ($000) $19,724 Avg Close $321.59 Range $300.68 - $344.03

Q1 2023

Shares 71,961 Value ($000) $23,654 Avg Close $343.94 Range $303.18 - $420.50

Q4 2022

Shares 72,744 Value ($000) $23,971 Avg Close $362.78 Range $322.83 - $422.75

Q3 2022

Shares 87,154 Value ($000) $28,208 Avg Close $345.86 Range $299.26 - $394.34

Q2 2022

Shares 156,785 Value ($000) $47,502 Avg Close $347.95 Range $287.00 - $404.20

Q1 2022

Shares 138,564 Value ($000) $53,829 Avg Close $416.96 Range $342.74 - $535.00

Q4 2021

Shares 127,885 Value ($000) $64,594 Avg Close $499.43 Range $435.12 - $556.68

Q3 2021

Shares 182,280 Value ($000) $92,917 Avg Close $679.74 Range $503.32 - $1017.32

Q2 2021

Shares 87,538 Value ($000) $89,359 Avg Close $1122.26 Range $963.71 - $1349.98

Q1 2021

Shares 40,617 Value ($000) $48,996 Avg Close $1048.96 Range $885.35 - $1256.04

Q4 2020

Shares 97,220 Value ($000) $96,663 Avg Close $959.73 Range $865.85 - $1092.80

Q3 2020

Shares 24,489 Value ($000) $21,633 Avg Close $789.85 Range $534.63 - $935.52

Q2 2020

Shares 23,910 Value ($000) $12,831 Avg Close $484.26 Range $349.11 - $587.85

Q1 2020

Shares 16,645 Value ($000) $6,118 Avg Close $370.86 Range $290.02 - $433.62

Q4 2019

Shares 29,478 Value ($000) $11,138 Avg Close $376.63 Range $345.26 - $405.00

Q3 2019

Shares 20,066 Value ($000) $7,306 Avg Close $393.06 Range $336.06 - $444.65

Q2 2019

Shares 18,749 Value ($000) $7,083 Avg Close $316.66 Range $258.34 - $379.35

Q1 2019

Shares 25,170 Value ($000) $7,418 Avg Close $273.54 Range $230.93 - $320.14

Q4 2018

Shares 47,193 Value ($000) $11,365 Avg Close $279.65 Range $235.58 - $324.93

Q3 2018

Shares 59,557 Value ($000) $17,123 Avg Close $300.25 Range $263.50 - $329.95

Q2 2018

Shares 67,970 Value ($000) $20,370 Avg Close $243.65 Range $185.95 - $307.00

Q1 2018

Shares 84,307 Value ($000) $15,939 Avg Close $183.93 Range $160.40 - $202.35

Q4 2017

Shares 81,018 Value ($000) $15,482 Avg Close $178.64 Range $155.75 - $197.05

Q3 2017

Shares 125,832 Value ($000) $19,655 Avg Close $146.09 Range $128.75 - $165.80

Q2 2017

Shares 132,582 Value ($000) $17,521 Avg Close $139.90 Range $128.70 - $149.70

Q1 2017

Shares 120,618 Value ($000) $17,447 Avg Close $156.51 Range $141.55 - $175.60

Q4 2016

Shares 51,976 Value ($000) $8,828 Avg Close $165.63 Range $145.30 - $180.45

Q3 2016

Shares 28,076 Value ($000) $4,359 Avg Close $174.40 Range $146.87 - $195.35

Q2 2016

Shares 27,111 Value ($000) $4,636 Avg Close $161.90 Range $145.33 - $185.27

Q1 2016

Shares 22,508 Value ($000) $4,165 Avg Close $182.28 Range $160.84 - $202.77

Q4 2015

Shares 31,969 Value ($000) $6,455 Avg Close $219.24 Range $198.68 - $260.51

Q3 2015

Shares 28,761 Value ($000) $6,057 Avg Close $221.14 Range $195.04 - $238.72

Q2 2015

Shares 62,299 Value ($000) $14,453 Avg Close $257.15 Range $231.56 - $273.71

Q1 2015

Shares 38,822 Value ($000) $10,381 Avg Close $289.79 Range $253.01 - $325.00

Q4 2014

Shares 32,969 Value ($000) $9,547 Avg Close $253.32 Range $210.03 - $299.00

Q3 2014

Shares 35,919 Value ($000) $7,965 Avg Close $223.81 Range $213.37 - $233.93

Q2 2014

Shares 50,618 Value ($000) $11,313 Avg Close $227.88 Range $208.82 - $248.00

Q1 2014

Shares 43,829 Value ($000) $10,727 Avg Close $227.93 Range $202.78 - $249.81

Q4 2013

Shares 152,473 Value ($000) $36,865 Avg Close $240.06 Range $223.00 - $265.53

Q3 2013

Shares 240,515 Value ($000) $58,737 Avg Close $206.79 Range $170.39 - $250.34

Q2 2013

Shares 258,373 Value ($000) $44,089 Avg Close $158.63 Range $143.42 - $174.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	114,300	$22,304	$206.20	$189.92 - $243.73
Q3 2025	233,767	$49,423	$212.75	$187.00 - $232.00
Q2 2025	93,287	$17,800	$230.18	$185.34 - $260.00
Q1 2025	60,260	$14,393	$243.60	$215.10 - $302.68
Q4 2024	64,379	$19,312	$301.80	$267.74 - $329.55
Q3 2024	56,602	$16,366	$278.81	$262.00 - $305.02
Q2 2024	65,711	$20,045	$286.39	$254.40 - $339.77
Q1 2024	66,492	$20,242	$333.53	$287.33 - $371.65
Q4 2023	59,993	$20,733	$350.71	$313.17 - $395.52
Q3 2023	51,645	$20,118	$350.39	$296.27 - $392.94
Q2 2023	63,948	$19,724	$321.59	$300.68 - $344.03
Q1 2023	71,961	$23,654	$343.94	$303.18 - $420.50
Q4 2022	72,744	$23,971	$362.78	$322.83 - $422.75
Q3 2022	87,154	$28,208	$345.86	$299.26 - $394.34
Q2 2022	156,785	$47,502	$347.95	$287.00 - $404.20
Q1 2022	138,564	$53,829	$416.96	$342.74 - $535.00
Q4 2021	127,885	$64,594	$499.43	$435.12 - $556.68
Q3 2021	182,280	$92,917	$679.74	$503.32 - $1017.32
Q2 2021	87,538	$89,359	$1122.26	$963.71 - $1349.98
Q1 2021	40,617	$48,996	$1048.96	$885.35 - $1256.04
Q4 2020	97,220	$96,663	$959.73	$865.85 - $1092.80
Q3 2020	24,489	$21,633	$789.85	$534.63 - $935.52
Q2 2020	23,910	$12,831	$484.26	$349.11 - $587.85
Q1 2020	16,645	$6,118	$370.86	$290.02 - $433.62
Q4 2019	29,478	$11,138	$376.63	$345.26 - $405.00
Q3 2019	20,066	$7,306	$393.06	$336.06 - $444.65
Q2 2019	18,749	$7,083	$316.66	$258.34 - $379.35
Q1 2019	25,170	$7,418	$273.54	$230.93 - $320.14
Q4 2018	47,193	$11,365	$279.65	$235.58 - $324.93
Q3 2018	59,557	$17,123	$300.25	$263.50 - $329.95
Q2 2018	67,970	$20,370	$243.65	$185.95 - $307.00
Q1 2018	84,307	$15,939	$183.93	$160.40 - $202.35
Q4 2017	81,018	$15,482	$178.64	$155.75 - $197.05
Q3 2017	125,832	$19,655	$146.09	$128.75 - $165.80
Q2 2017	132,582	$17,521	$139.90	$128.70 - $149.70
Q1 2017	120,618	$17,447	$156.51	$141.55 - $175.60
Q4 2016	51,976	$8,828	$165.63	$145.30 - $180.45
Q3 2016	28,076	$4,359	$174.40	$146.87 - $195.35
Q2 2016	27,111	$4,636	$161.90	$145.33 - $185.27
Q1 2016	22,508	$4,165	$182.28	$160.84 - $202.77
Q4 2015	31,969	$6,455	$219.24	$198.68 - $260.51
Q3 2015	28,761	$6,057	$221.14	$195.04 - $238.72
Q2 2015	62,299	$14,453	$257.15	$231.56 - $273.71
Q1 2015	38,822	$10,381	$289.79	$253.01 - $325.00
Q4 2014	32,969	$9,547	$253.32	$210.03 - $299.00
Q3 2014	35,919	$7,965	$223.81	$213.37 - $233.93
Q2 2014	50,618	$11,313	$227.88	$208.82 - $248.00
Q1 2014	43,829	$10,727	$227.93	$202.78 - $249.81
Q4 2013	152,473	$36,865	$240.06	$223.00 - $265.53
Q3 2013	240,515	$58,737	$206.79	$170.39 - $250.34
Q2 2013	258,373	$44,089	$158.63	$143.42 - $174.59