BOSTON BEER INC

Ticker: SAM CUSIP: 100557107 Class: CL A

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

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

Q4 2020

Shares 8,000 Value ($000) $7,954 Avg Close $959.73 Range $865.85 - $1092.80

Q3 2019

Shares 10,115 Value ($000) $3,683 Avg Close $393.06 Range $336.06 - $444.65

Q2 2018

Shares 45,000 Value ($000) $13,487 Avg Close $243.65 Range $185.95 - $307.00

Q4 2014

Shares 26,500 Value ($000) $7,673 Avg Close $253.32 Range $210.03 - $299.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2020	8,000	$7,954	$959.73	$865.85 - $1092.80
Q3 2019	10,115	$3,683	$393.06	$336.06 - $444.65
Q2 2018	45,000	$13,487	$243.65	$185.95 - $307.00
Q4 2014	26,500	$7,673	$253.32	$210.03 - $299.00