DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

PZENA INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001027796)

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

Q4 2025

Shares 2,126,608 Value ($000) $69,434 Avg Close $31.63 Range $28.52 - $34.41

Q3 2025

Shares 2,218,823 Value ($000) $69,360 Avg Close $31.30 Range $27.62 - $34.25

Q2 2025

Shares 2,281,587 Value ($000) $67,238 Avg Close $26.32 Range $21.30 - $29.72

Q1 2025

Shares 2,273,003 Value ($000) $52,802 Avg Close $25.07 Range $22.91 - $28.73

Q4 2024

Shares 1,679,041 Value ($000) $39,676 Avg Close $25.32 Range $22.28 - $27.78

Q3 2024

Shares 1,624,820 Value ($000) $44,813 Avg Close $26.36 Range $21.31 - $30.98

Q2 2024

Shares 1,401,875 Value ($000) $32,804 Avg Close $23.77 Range $21.35 - $26.09

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,126,608	$69,434	$31.63	$28.52 - $34.41
Q3 2025	2,218,823	$69,360	$31.30	$27.62 - $34.25
Q2 2025	2,281,587	$67,238	$26.32	$21.30 - $29.72
Q1 2025	2,273,003	$52,802	$25.07	$22.91 - $28.73
Q4 2024	1,679,041	$39,676	$25.32	$22.28 - $27.78
Q3 2024	1,624,820	$44,813	$26.36	$21.31 - $30.98
Q2 2024	1,401,875	$32,804	$23.77	$21.35 - $26.09