DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

Ranger Investment Management, L.P.'s Holding History (CIK: 0001319691)

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

Q4 2025

Shares 261,495 Value ($000) $8,538 Avg Close $31.63 Range $28.52 - $34.41

Q3 2025

Shares 280,469 Value ($000) $8,767 Avg Close $31.30 Range $27.62 - $34.25

Q2 2025

Shares 278,704 Value ($000) $8,213 Avg Close $26.32 Range $21.30 - $29.72

Q1 2025

Shares 176,160 Value ($000) $4,092 Avg Close $25.07 Range $22.91 - $28.73

Q4 2024

Shares 176,585 Value ($000) $4,173 Avg Close $25.32 Range $22.28 - $27.78

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	261,495	$8,538	$31.63	$28.52 - $34.41
Q3 2025	280,469	$8,767	$31.30	$27.62 - $34.25
Q2 2025	278,704	$8,213	$26.32	$21.30 - $29.72
Q1 2025	176,160	$4,092	$25.07	$22.91 - $28.73
Q4 2024	176,585	$4,173	$25.32	$22.28 - $27.78