BOSTON BEER INC

Ticker: SAM CUSIP: 100557107 Class: CL A

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM's Holding History (CIK: 0001081019)

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

Q4 2025

Shares 7,876 Value ($000) $1,537 Avg Close $206.20 Range $189.92 - $243.73

Q3 2025

Shares 7,911 Value ($000) $1,673 Avg Close $212.75 Range $187.00 - $232.00

Q2 2025

Shares 8,414 Value ($000) $1,605 Avg Close $230.18 Range $185.34 - $260.00

Q1 2025

Shares 8,357 Value ($000) $1,996 Avg Close $243.60 Range $215.10 - $302.68

Q4 2024

Shares 8,538 Value ($000) $2,561 Avg Close $301.80 Range $267.74 - $329.55

Q3 2024

Shares 24,852 Value ($000) $7,186 Avg Close $278.81 Range $262.00 - $305.02

Q2 2024

Shares 13,208 Value ($000) $4,029 Avg Close $286.39 Range $254.40 - $339.77

Q1 2024

Shares 13,602 Value ($000) $4,141 Avg Close $333.53 Range $287.33 - $371.65

Q4 2023

Shares 14,163 Value ($000) $4,895 Avg Close $350.71 Range $313.17 - $395.52

Q3 2023

Shares 50,661 Value ($000) $19,734 Avg Close $350.39 Range $296.27 - $392.94

Q2 2023

Shares 51,691 Value ($000) $15,944 Avg Close $321.59 Range $300.68 - $344.03

Q1 2023

Shares 21,670 Value ($000) $7,123 Avg Close $343.94 Range $303.18 - $420.50

Q4 2022

Shares 12,245 Value ($000) $4,035 Avg Close $362.78 Range $322.83 - $422.75

Q3 2022

Shares 12,102 Value ($000) $3,917 Avg Close $345.86 Range $299.26 - $394.34

Q2 2022

Shares 12,339 Value ($000) $3,738 Avg Close $347.95 Range $287.00 - $404.20

Q1 2022

Shares 11,839 Value ($000) $4,599 Avg Close $416.96 Range $342.74 - $535.00

Q4 2021

Shares 12,861 Value ($000) $6,496 Avg Close $499.43 Range $435.12 - $556.68

Q3 2021

Shares 16,194 Value ($000) $8,255 Avg Close $679.74 Range $503.32 - $1017.32

Q2 2021

Shares 16,827 Value ($000) $17,177 Avg Close $1122.26 Range $963.71 - $1349.98

Q1 2021

Shares 15,947 Value ($000) $19,237 Avg Close $1048.96 Range $885.35 - $1256.04

Q4 2020

Shares 16,044 Value ($000) $15,952 Avg Close $959.73 Range $865.85 - $1092.80

Q3 2020

Shares 15,706 Value ($000) $13,874 Avg Close $789.85 Range $534.63 - $935.52

Q2 2020

Shares 14,924 Value ($000) $8,009 Avg Close $484.26 Range $349.11 - $587.85

Q1 2020

Shares 12,700 Value ($000) $4,668 Avg Close $370.86 Range $290.02 - $433.62

Q4 2019

Shares 12,763 Value ($000) $4,822 Avg Close $376.63 Range $345.26 - $405.00

Q3 2019

Shares 13,021 Value ($000) $4,741 Avg Close $393.06 Range $336.06 - $444.65

Q2 2019

Shares 12,865 Value ($000) $4,860 Avg Close $316.66 Range $258.34 - $379.35

Q1 2019

Shares 12,647 Value ($000) $3,727 Avg Close $273.54 Range $230.93 - $320.14

Q4 2018

Shares 13,030 Value ($000) $3,138 Avg Close $279.65 Range $235.58 - $324.93

Q3 2018

Shares 12,899 Value ($000) $3,708 Avg Close $300.25 Range $263.50 - $329.95

Q2 2018

Shares 12,859 Value ($000) $3,854 Avg Close $243.65 Range $185.95 - $307.00

Q1 2018

Shares 12,683 Value ($000) $2,398 Avg Close $183.93 Range $160.40 - $202.35

Q4 2017

Shares 13,128 Value ($000) $2,509 Avg Close $178.64 Range $155.75 - $197.05

Q3 2017

Shares 13,719 Value ($000) $2,143 Avg Close $146.09 Range $128.75 - $165.80

Q2 2017

Shares 15,735 Value ($000) $2,079 Avg Close $139.90 Range $128.70 - $149.70

Q1 2017

Shares 17,403 Value ($000) $2,517 Avg Close $156.51 Range $141.55 - $175.60

Q4 2016

Shares 18,203 Value ($000) $3,092 Avg Close $165.63 Range $145.30 - $180.45

Q3 2016

Shares 18,703 Value ($000) $2,904 Avg Close $174.40 Range $146.87 - $195.35

Q2 2016

Shares 18,503 Value ($000) $3,165 Avg Close $161.90 Range $145.33 - $185.27

Q1 2016

Shares 19,334 Value ($000) $3,578 Avg Close $182.28 Range $160.84 - $202.77

Q4 2015

Shares 16,802 Value ($000) $3,392 Avg Close $219.24 Range $198.68 - $260.51

Q3 2015

Shares 16,602 Value ($000) $3,497 Avg Close $221.14 Range $195.04 - $238.72

Q2 2015

Shares 16,602 Value ($000) $3,851 Avg Close $257.15 Range $231.56 - $273.71

Q1 2015

Shares 15,312 Value ($000) $4,094 Avg Close $289.79 Range $253.01 - $325.00

Q4 2014

Shares 15,512 Value ($000) $4,491 Avg Close $253.32 Range $210.03 - $299.00

Q3 2014

Shares 15,346 Value ($000) $3,403 Avg Close $223.81 Range $213.37 - $233.93

Q2 2014

Shares 15,259 Value ($000) $3,411 Avg Close $227.88 Range $208.82 - $248.00

Q1 2014

Shares 14,959 Value ($000) $3,661 Avg Close $227.93 Range $202.78 - $249.81

Q4 2013

Shares 14,959 Value ($000) $3,617 Avg Close $240.06 Range $223.00 - $265.53

Q3 2013

Shares 14,859 Value ($000) $3,629 Avg Close $206.79 Range $170.39 - $250.34

Q2 2013

Shares 14,366 Value ($000) $2,451 Avg Close $158.63 Range $143.42 - $174.59

Q1 2013

Shares 13,517 Value ($000) $2,158 Avg Close $148.77 Range $134.42 - $164.52

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	7,876	$1,537	$206.20	$189.92 - $243.73
Q3 2025	7,911	$1,673	$212.75	$187.00 - $232.00
Q2 2025	8,414	$1,605	$230.18	$185.34 - $260.00
Q1 2025	8,357	$1,996	$243.60	$215.10 - $302.68
Q4 2024	8,538	$2,561	$301.80	$267.74 - $329.55
Q3 2024	24,852	$7,186	$278.81	$262.00 - $305.02
Q2 2024	13,208	$4,029	$286.39	$254.40 - $339.77
Q1 2024	13,602	$4,141	$333.53	$287.33 - $371.65
Q4 2023	14,163	$4,895	$350.71	$313.17 - $395.52
Q3 2023	50,661	$19,734	$350.39	$296.27 - $392.94
Q2 2023	51,691	$15,944	$321.59	$300.68 - $344.03
Q1 2023	21,670	$7,123	$343.94	$303.18 - $420.50
Q4 2022	12,245	$4,035	$362.78	$322.83 - $422.75
Q3 2022	12,102	$3,917	$345.86	$299.26 - $394.34
Q2 2022	12,339	$3,738	$347.95	$287.00 - $404.20
Q1 2022	11,839	$4,599	$416.96	$342.74 - $535.00
Q4 2021	12,861	$6,496	$499.43	$435.12 - $556.68
Q3 2021	16,194	$8,255	$679.74	$503.32 - $1017.32
Q2 2021	16,827	$17,177	$1122.26	$963.71 - $1349.98
Q1 2021	15,947	$19,237	$1048.96	$885.35 - $1256.04
Q4 2020	16,044	$15,952	$959.73	$865.85 - $1092.80
Q3 2020	15,706	$13,874	$789.85	$534.63 - $935.52
Q2 2020	14,924	$8,009	$484.26	$349.11 - $587.85
Q1 2020	12,700	$4,668	$370.86	$290.02 - $433.62
Q4 2019	12,763	$4,822	$376.63	$345.26 - $405.00
Q3 2019	13,021	$4,741	$393.06	$336.06 - $444.65
Q2 2019	12,865	$4,860	$316.66	$258.34 - $379.35
Q1 2019	12,647	$3,727	$273.54	$230.93 - $320.14
Q4 2018	13,030	$3,138	$279.65	$235.58 - $324.93
Q3 2018	12,899	$3,708	$300.25	$263.50 - $329.95
Q2 2018	12,859	$3,854	$243.65	$185.95 - $307.00
Q1 2018	12,683	$2,398	$183.93	$160.40 - $202.35
Q4 2017	13,128	$2,509	$178.64	$155.75 - $197.05
Q3 2017	13,719	$2,143	$146.09	$128.75 - $165.80
Q2 2017	15,735	$2,079	$139.90	$128.70 - $149.70
Q1 2017	17,403	$2,517	$156.51	$141.55 - $175.60
Q4 2016	18,203	$3,092	$165.63	$145.30 - $180.45
Q3 2016	18,703	$2,904	$174.40	$146.87 - $195.35
Q2 2016	18,503	$3,165	$161.90	$145.33 - $185.27
Q1 2016	19,334	$3,578	$182.28	$160.84 - $202.77
Q4 2015	16,802	$3,392	$219.24	$198.68 - $260.51
Q3 2015	16,602	$3,497	$221.14	$195.04 - $238.72
Q2 2015	16,602	$3,851	$257.15	$231.56 - $273.71
Q1 2015	15,312	$4,094	$289.79	$253.01 - $325.00
Q4 2014	15,512	$4,491	$253.32	$210.03 - $299.00
Q3 2014	15,346	$3,403	$223.81	$213.37 - $233.93
Q2 2014	15,259	$3,411	$227.88	$208.82 - $248.00
Q1 2014	14,959	$3,661	$227.93	$202.78 - $249.81
Q4 2013	14,959	$3,617	$240.06	$223.00 - $265.53
Q3 2013	14,859	$3,629	$206.79	$170.39 - $250.34
Q2 2013	14,366	$2,451	$158.63	$143.42 - $174.59
Q1 2013	13,517	$2,158	$148.77	$134.42 - $164.52