BOSTON BEER INC

Ticker: SAM CUSIP: 100557107 Class: CL A

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q2 2025

Shares 1,075 Value ($000) $205 Avg Close $230.18 Range $185.34 - $260.00

Q2 2024

Shares 729 Value ($000) $222 Avg Close $286.39 Range $254.40 - $339.77

Q1 2024

Shares 2,707 Value ($000) $824 Avg Close $333.53 Range $287.33 - $371.65

Q4 2023

Shares 856 Value ($000) $296 Avg Close $350.71 Range $313.17 - $395.52

Q4 2022

Shares 7,207 Value ($000) $2,375 Avg Close $362.78 Range $322.83 - $422.75

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2025	1,075	$205	$230.18	$185.34 - $260.00
Q2 2024	729	$222	$286.39	$254.40 - $339.77
Q1 2024	2,707	$824	$333.53	$287.33 - $371.65
Q4 2023	856	$296	$350.71	$313.17 - $395.52
Q4 2022	7,207	$2,375	$362.78	$322.83 - $422.75