BOSTON BEER INC

Ticker: SAM CUSIP: 100557107 Class: CL A

Arizona State Retirement System's Holding History (CIK: 0001558481)

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

Q4 2025

Shares 2,337 Value ($000) $456 Avg Close $206.20 Range $189.92 - $243.73

Q3 2025

Shares 2,551 Value ($000) $539 Avg Close $212.75 Range $187.00 - $232.00

Q2 2025

Shares 2,534 Value ($000) $484 Avg Close $230.18 Range $185.34 - $260.00

Q1 2025

Shares 2,567 Value ($000) $613 Avg Close $243.60 Range $215.10 - $302.68

Q4 2024

Shares 2,660 Value ($000) $798 Avg Close $301.80 Range $267.74 - $329.55

Q3 2024

Shares 2,705 Value ($000) $782 Avg Close $278.81 Range $262.00 - $305.02

Q2 2024

Shares 2,648 Value ($000) $808 Avg Close $286.39 Range $254.40 - $339.77

Q1 2024

Shares 2,643 Value ($000) $805 Avg Close $333.53 Range $287.33 - $371.65

Q4 2023

Shares 2,700 Value ($000) $933 Avg Close $350.71 Range $313.17 - $395.52

Q3 2023

Shares 2,759 Value ($000) $1,075 Avg Close $350.39 Range $296.27 - $392.94

Q2 2023

Shares 2,725 Value ($000) $840 Avg Close $321.59 Range $300.68 - $344.03

Q1 2023

Shares 2,815 Value ($000) $925 Avg Close $343.94 Range $303.18 - $420.50

Q4 2022

Shares 2,741 Value ($000) $903 Avg Close $362.78 Range $322.83 - $422.75

Q3 2022

Shares 2,637 Value ($000) $853 Avg Close $345.86 Range $299.26 - $394.34

Q2 2022

Shares 2,633 Value ($000) $798 Avg Close $347.95 Range $287.00 - $404.20

Q1 2022

Shares 2,482 Value ($000) $964 Avg Close $416.96 Range $342.74 - $535.00

Q4 2021

Shares 2,472 Value ($000) $1,249 Avg Close $499.43 Range $435.12 - $556.68

Q3 2021

Shares 2,553 Value ($000) $1,301 Avg Close $679.74 Range $503.32 - $1017.32

Q2 2021

Shares 2,572 Value ($000) $2,625 Avg Close $1122.26 Range $963.71 - $1349.98

Q1 2021

Shares 2,747 Value ($000) $3,314 Avg Close $1048.96 Range $885.35 - $1256.04

Q4 2020

Shares 2,727 Value ($000) $2,711 Avg Close $959.73 Range $865.85 - $1092.80

Q3 2020

Shares 2,768 Value ($000) $2,445 Avg Close $789.85 Range $534.63 - $935.52

Q2 2020

Shares 2,033 Value ($000) $1,091 Avg Close $484.26 Range $349.11 - $587.85

Q1 2020

Shares 2,055 Value ($000) $755 Avg Close $370.86 Range $290.02 - $433.62

Q4 2019

Shares 5,226 Value ($000) $1,975 Avg Close $376.63 Range $345.26 - $405.00

Q3 2019

Shares 5,724 Value ($000) $2,084 Avg Close $393.06 Range $336.06 - $444.65

Q2 2019

Shares 6,349 Value ($000) $2,398 Avg Close $316.66 Range $258.34 - $379.35

Q1 2019

Shares 6,252 Value ($000) $1,843 Avg Close $273.54 Range $230.93 - $320.14

Q4 2018

Shares 6,174 Value ($000) $1,487 Avg Close $279.65 Range $235.58 - $324.93

Q3 2018

Shares 6,131 Value ($000) $1,763 Avg Close $300.25 Range $263.50 - $329.95

Q2 2018

Shares 6,075 Value ($000) $1,821 Avg Close $243.65 Range $185.95 - $307.00

Q1 2018

Shares 5,985 Value ($000) $1,131 Avg Close $183.93 Range $160.40 - $202.35

Q4 2017

Shares 6,234 Value ($000) $1,191 Avg Close $178.64 Range $155.75 - $197.05

Q3 2017

Shares 5,098 Value ($000) $796 Avg Close $146.09 Range $128.75 - $165.80

Q2 2017

Shares 3,900 Value ($000) $515 Avg Close $139.90 Range $128.70 - $149.70

Q1 2017

Shares 3,900 Value ($000) $564 Avg Close $156.51 Range $141.55 - $175.60

Q4 2016

Shares 3,816 Value ($000) $648 Avg Close $165.63 Range $145.30 - $180.45

Q3 2016

Shares 3,916 Value ($000) $608 Avg Close $174.40 Range $146.87 - $195.35

Q2 2016

Shares 4,016 Value ($000) $687 Avg Close $161.90 Range $145.33 - $185.27

Q1 2016

Shares 4,916 Value ($000) $910 Avg Close $182.28 Range $160.84 - $202.77

Q4 2015

Shares 4,916 Value ($000) $993 Avg Close $219.24 Range $198.68 - $260.51

Q3 2015

Shares 4,500 Value ($000) $948 Avg Close $221.14 Range $195.04 - $238.72

Q4 2014

Shares 6,223 Value ($000) $1,801 Avg Close $253.32 Range $210.03 - $299.00

Q3 2014

Shares 6,123 Value ($000) $1,357 Avg Close $223.81 Range $213.37 - $233.93

Q2 2014

Shares 6,423 Value ($000) $1,435 Avg Close $227.88 Range $208.82 - $248.00

Q1 2014

Shares 6,223 Value ($000) $1,522 Avg Close $227.93 Range $202.78 - $249.81

Q4 2013

Shares 6,923 Value ($000) $1,673 Avg Close $240.06 Range $223.00 - $265.53

Q3 2013

Shares 7,723 Value ($000) $1,886 Avg Close $206.79 Range $170.39 - $250.34

Q2 2013

Shares 7,323 Value ($000) $1,249 Avg Close $158.63 Range $143.42 - $174.59

Q1 2013

Shares 7,423 Value ($000) $1,185 Avg Close $148.77 Range $134.42 - $164.52

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,337	$456	$206.20	$189.92 - $243.73
Q3 2025	2,551	$539	$212.75	$187.00 - $232.00
Q2 2025	2,534	$484	$230.18	$185.34 - $260.00
Q1 2025	2,567	$613	$243.60	$215.10 - $302.68
Q4 2024	2,660	$798	$301.80	$267.74 - $329.55
Q3 2024	2,705	$782	$278.81	$262.00 - $305.02
Q2 2024	2,648	$808	$286.39	$254.40 - $339.77
Q1 2024	2,643	$805	$333.53	$287.33 - $371.65
Q4 2023	2,700	$933	$350.71	$313.17 - $395.52
Q3 2023	2,759	$1,075	$350.39	$296.27 - $392.94
Q2 2023	2,725	$840	$321.59	$300.68 - $344.03
Q1 2023	2,815	$925	$343.94	$303.18 - $420.50
Q4 2022	2,741	$903	$362.78	$322.83 - $422.75
Q3 2022	2,637	$853	$345.86	$299.26 - $394.34
Q2 2022	2,633	$798	$347.95	$287.00 - $404.20
Q1 2022	2,482	$964	$416.96	$342.74 - $535.00
Q4 2021	2,472	$1,249	$499.43	$435.12 - $556.68
Q3 2021	2,553	$1,301	$679.74	$503.32 - $1017.32
Q2 2021	2,572	$2,625	$1122.26	$963.71 - $1349.98
Q1 2021	2,747	$3,314	$1048.96	$885.35 - $1256.04
Q4 2020	2,727	$2,711	$959.73	$865.85 - $1092.80
Q3 2020	2,768	$2,445	$789.85	$534.63 - $935.52
Q2 2020	2,033	$1,091	$484.26	$349.11 - $587.85
Q1 2020	2,055	$755	$370.86	$290.02 - $433.62
Q4 2019	5,226	$1,975	$376.63	$345.26 - $405.00
Q3 2019	5,724	$2,084	$393.06	$336.06 - $444.65
Q2 2019	6,349	$2,398	$316.66	$258.34 - $379.35
Q1 2019	6,252	$1,843	$273.54	$230.93 - $320.14
Q4 2018	6,174	$1,487	$279.65	$235.58 - $324.93
Q3 2018	6,131	$1,763	$300.25	$263.50 - $329.95
Q2 2018	6,075	$1,821	$243.65	$185.95 - $307.00
Q1 2018	5,985	$1,131	$183.93	$160.40 - $202.35
Q4 2017	6,234	$1,191	$178.64	$155.75 - $197.05
Q3 2017	5,098	$796	$146.09	$128.75 - $165.80
Q2 2017	3,900	$515	$139.90	$128.70 - $149.70
Q1 2017	3,900	$564	$156.51	$141.55 - $175.60
Q4 2016	3,816	$648	$165.63	$145.30 - $180.45
Q3 2016	3,916	$608	$174.40	$146.87 - $195.35
Q2 2016	4,016	$687	$161.90	$145.33 - $185.27
Q1 2016	4,916	$910	$182.28	$160.84 - $202.77
Q4 2015	4,916	$993	$219.24	$198.68 - $260.51
Q3 2015	4,500	$948	$221.14	$195.04 - $238.72
Q4 2014	6,223	$1,801	$253.32	$210.03 - $299.00
Q3 2014	6,123	$1,357	$223.81	$213.37 - $233.93
Q2 2014	6,423	$1,435	$227.88	$208.82 - $248.00
Q1 2014	6,223	$1,522	$227.93	$202.78 - $249.81
Q4 2013	6,923	$1,673	$240.06	$223.00 - $265.53
Q3 2013	7,723	$1,886	$206.79	$170.39 - $250.34
Q2 2013	7,323	$1,249	$158.63	$143.42 - $174.59
Q1 2013	7,423	$1,185	$148.77	$134.42 - $164.52