BOSTON BEER INC

Ticker: SAM CUSIP: 100557107 Class: CL A

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

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

Q4 2025

Shares 7,990 Value ($000) $1,559 Avg Close $206.20 Range $189.92 - $243.73

Q3 2025

Shares 6,760 Value ($000) $1,429 Avg Close $212.75 Range $187.00 - $232.00

Q2 2025

Shares 7,175 Value ($000) $1,369 Avg Close $230.18 Range $185.34 - $260.00

Q1 2025

Shares 7,375 Value ($000) $1,761 Avg Close $243.60 Range $215.10 - $302.68

Q4 2024

Shares 7,445 Value ($000) $2,233 Avg Close $301.80 Range $267.74 - $329.55

Q3 2024

Shares 8,565 Value ($000) $2,476 Avg Close $278.81 Range $262.00 - $305.02

Q2 2024

Shares 8,878 Value ($000) $2,708 Avg Close $286.39 Range $254.40 - $339.77

Q1 2024

Shares 10,106 Value ($000) $3,322 Avg Close $333.53 Range $287.33 - $371.65

Q4 2023

Shares 11,363 Value ($000) $3,927 Avg Close $350.71 Range $313.17 - $395.52

Q3 2023

Shares 10,914 Value ($000) $4,251 Avg Close $350.39 Range $296.27 - $392.94

Q2 2023

Shares 9,494 Value ($000) $2,928 Avg Close $321.59 Range $300.68 - $344.03

Q1 2023

Shares 10,106 Value ($000) $3,322 Avg Close $343.94 Range $303.18 - $420.50

Q4 2022

Shares 11,496 Value ($000) $3,788 Avg Close $362.78 Range $322.83 - $422.75

Q3 2022

Shares 16,816 Value ($000) $5,442 Avg Close $345.86 Range $299.26 - $394.34

Q2 2022

Shares 14,796 Value ($000) $4,483 Avg Close $347.95 Range $287.00 - $404.20

Q1 2022

Shares 12,777 Value ($000) $4,963 Avg Close $416.96 Range $342.74 - $535.00

Q4 2021

Shares 12,687 Value ($000) $6,408 Avg Close $499.43 Range $435.12 - $556.68

Q3 2021

Shares 13,287 Value ($000) $6,773 Avg Close $679.74 Range $503.32 - $1017.32

Q2 2021

Shares 13,590 Value ($000) $13,873 Avg Close $1122.26 Range $963.71 - $1349.98

Q1 2021

Shares 13,080 Value ($000) $15,778 Avg Close $1048.96 Range $885.35 - $1256.04

Q4 2020

Shares 11,338 Value ($000) $11,273 Avg Close $959.73 Range $865.85 - $1092.80

Q3 2020

Shares 9,494 Value ($000) $8,387 Avg Close $789.85 Range $534.63 - $935.52

Q2 2020

Shares 9,247 Value ($000) $4,962 Avg Close $484.26 Range $349.11 - $587.85

Q1 2020

Shares 4,175 Value ($000) $1,535 Avg Close $370.86 Range $290.02 - $433.62

Q4 2019

Shares 4,175 Value ($000) $1,578 Avg Close $376.63 Range $345.26 - $405.00

Q3 2019

Shares 4,175 Value ($000) $1,520 Avg Close $393.06 Range $336.06 - $444.65

Q2 2019

Shares 4,206 Value ($000) $1,589 Avg Close $316.66 Range $258.34 - $379.35

Q1 2019

Shares 3,856 Value ($000) $1,136 Avg Close $273.54 Range $230.93 - $320.14

Q4 2018

Shares 5,119 Value ($000) $1,233 Avg Close $279.65 Range $235.58 - $324.93

Q3 2018

Shares 4,146 Value ($000) $1,192 Avg Close $300.25 Range $263.50 - $329.95

Q2 2018

Shares 4,996 Value ($000) $1,497 Avg Close $243.65 Range $185.95 - $307.00

Q1 2018

Shares 3,606 Value ($000) $682 Avg Close $183.93 Range $160.40 - $202.35

Q4 2017

Shares 4,537 Value ($000) $867 Avg Close $178.64 Range $155.75 - $197.05

Q3 2017

Shares 3,897 Value ($000) $609 Avg Close $146.09 Range $128.75 - $165.80

Q2 2017

Shares 3,747 Value ($000) $495 Avg Close $139.90 Range $128.70 - $149.70

Q1 2017

Shares 3,621 Value ($000) $524 Avg Close $156.51 Range $141.55 - $175.60

Q4 2016

Shares 3,981 Value ($000) $676 Avg Close $165.63 Range $145.30 - $180.45

Q3 2016

Shares 4,031 Value ($000) $626 Avg Close $174.40 Range $146.87 - $195.35

Q2 2016

Shares 4,631 Value ($000) $792 Avg Close $161.90 Range $145.33 - $185.27

Q1 2016

Shares 4,569 Value ($000) $846 Avg Close $182.28 Range $160.84 - $202.77

Q4 2015

Shares 5,338 Value ($000) $1,078 Avg Close $219.24 Range $198.68 - $260.51

Q3 2015

Shares 3,436 Value ($000) $724 Avg Close $221.14 Range $195.04 - $238.72

Q2 2015

Shares 3,436 Value ($000) $797 Avg Close $257.15 Range $231.56 - $273.71

Q1 2015

Shares 3,436 Value ($000) $919 Avg Close $289.79 Range $253.01 - $325.00

Q4 2014

Shares 3,436 Value ($000) $995 Avg Close $253.32 Range $210.03 - $299.00

Q3 2014

Shares 3,436 Value ($000) $762 Avg Close $223.81 Range $213.37 - $233.93

Q2 2014

Shares 2,206 Value ($000) $493 Avg Close $227.88 Range $208.82 - $248.00

Q1 2014

Shares 6,193 Value ($000) $1,516 Avg Close $227.93 Range $202.78 - $249.81

Q4 2013

Shares 9,982 Value ($000) $2,414 Avg Close $240.06 Range $223.00 - $265.53

Q3 2013

Shares 9,982 Value ($000) $2,438 Avg Close $206.79 Range $170.39 - $250.34

Q2 2013

Shares 9,862 Value ($000) $1,683 Avg Close $158.63 Range $143.42 - $174.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	7,990	$1,559	$206.20	$189.92 - $243.73
Q3 2025	6,760	$1,429	$212.75	$187.00 - $232.00
Q2 2025	7,175	$1,369	$230.18	$185.34 - $260.00
Q1 2025	7,375	$1,761	$243.60	$215.10 - $302.68
Q4 2024	7,445	$2,233	$301.80	$267.74 - $329.55
Q3 2024	8,565	$2,476	$278.81	$262.00 - $305.02
Q2 2024	8,878	$2,708	$286.39	$254.40 - $339.77
Q1 2024	10,106	$3,322	$333.53	$287.33 - $371.65
Q4 2023	11,363	$3,927	$350.71	$313.17 - $395.52
Q3 2023	10,914	$4,251	$350.39	$296.27 - $392.94
Q2 2023	9,494	$2,928	$321.59	$300.68 - $344.03
Q1 2023	10,106	$3,322	$343.94	$303.18 - $420.50
Q4 2022	11,496	$3,788	$362.78	$322.83 - $422.75
Q3 2022	16,816	$5,442	$345.86	$299.26 - $394.34
Q2 2022	14,796	$4,483	$347.95	$287.00 - $404.20
Q1 2022	12,777	$4,963	$416.96	$342.74 - $535.00
Q4 2021	12,687	$6,408	$499.43	$435.12 - $556.68
Q3 2021	13,287	$6,773	$679.74	$503.32 - $1017.32
Q2 2021	13,590	$13,873	$1122.26	$963.71 - $1349.98
Q1 2021	13,080	$15,778	$1048.96	$885.35 - $1256.04
Q4 2020	11,338	$11,273	$959.73	$865.85 - $1092.80
Q3 2020	9,494	$8,387	$789.85	$534.63 - $935.52
Q2 2020	9,247	$4,962	$484.26	$349.11 - $587.85
Q1 2020	4,175	$1,535	$370.86	$290.02 - $433.62
Q4 2019	4,175	$1,578	$376.63	$345.26 - $405.00
Q3 2019	4,175	$1,520	$393.06	$336.06 - $444.65
Q2 2019	4,206	$1,589	$316.66	$258.34 - $379.35
Q1 2019	3,856	$1,136	$273.54	$230.93 - $320.14
Q4 2018	5,119	$1,233	$279.65	$235.58 - $324.93
Q3 2018	4,146	$1,192	$300.25	$263.50 - $329.95
Q2 2018	4,996	$1,497	$243.65	$185.95 - $307.00
Q1 2018	3,606	$682	$183.93	$160.40 - $202.35
Q4 2017	4,537	$867	$178.64	$155.75 - $197.05
Q3 2017	3,897	$609	$146.09	$128.75 - $165.80
Q2 2017	3,747	$495	$139.90	$128.70 - $149.70
Q1 2017	3,621	$524	$156.51	$141.55 - $175.60
Q4 2016	3,981	$676	$165.63	$145.30 - $180.45
Q3 2016	4,031	$626	$174.40	$146.87 - $195.35
Q2 2016	4,631	$792	$161.90	$145.33 - $185.27
Q1 2016	4,569	$846	$182.28	$160.84 - $202.77
Q4 2015	5,338	$1,078	$219.24	$198.68 - $260.51
Q3 2015	3,436	$724	$221.14	$195.04 - $238.72
Q2 2015	3,436	$797	$257.15	$231.56 - $273.71
Q1 2015	3,436	$919	$289.79	$253.01 - $325.00
Q4 2014	3,436	$995	$253.32	$210.03 - $299.00
Q3 2014	3,436	$762	$223.81	$213.37 - $233.93
Q2 2014	2,206	$493	$227.88	$208.82 - $248.00
Q1 2014	6,193	$1,516	$227.93	$202.78 - $249.81
Q4 2013	9,982	$2,414	$240.06	$223.00 - $265.53
Q3 2013	9,982	$2,438	$206.79	$170.39 - $250.34
Q2 2013	9,862	$1,683	$158.63	$143.42 - $174.59