BOSTON BEER INC

Ticker: SAM CUSIP: 100557107 Class: CL A

HORIZON KINETICS ASSET MANAGEMENT LLC's Holding History (CIK: 0001056823)

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

Q4 2019

Shares 778 Value ($000) $294 Avg Close $376.63 Range $345.26 - $405.00

Q3 2019

Shares 873 Value ($000) $318 Avg Close $393.06 Range $336.06 - $444.65

Q2 2019

Shares 938 Value ($000) $354 Avg Close $316.66 Range $258.34 - $379.35

Q1 2019

Shares 1,147 Value ($000) $338 Avg Close $273.54 Range $230.93 - $320.14

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	778	$294	$376.63	$345.26 - $405.00
Q3 2019	873	$318	$393.06	$336.06 - $444.65
Q2 2019	938	$354	$316.66	$258.34 - $379.35
Q1 2019	1,147	$338	$273.54	$230.93 - $320.14