DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

Ararat Capital Management LP's Holding History (CIK: 0001768757)

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

Q4 2025

Shares 457,720 Value ($000) $14,945 Avg Close $31.63 Range $28.52 - $34.41

Q3 2025

Shares 434,998 Value ($000) $13,598 Avg Close $31.30 Range $27.62 - $34.25

Q2 2025

Shares 584,919 Value ($000) $17,238 Avg Close $26.32 Range $21.30 - $29.72

Q1 2025

Shares 719,875 Value ($000) $16,723 Avg Close $25.07 Range $22.91 - $28.73

Q4 2024

Shares 807,186 Value ($000) $19,074 Avg Close $25.32 Range $22.28 - $27.78

Q3 2024

Shares 573,931 Value ($000) $15,829 Avg Close $26.36 Range $21.31 - $30.98

Q2 2024

Shares 697,558 Value ($000) $16,323 Avg Close $23.77 Range $21.35 - $26.09

Q1 2024

Shares 381,133 Value ($000) $9,193 Avg Close $25.31 Range $22.34 - $29.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	457,720	$14,945	$31.63	$28.52 - $34.41
Q3 2025	434,998	$13,598	$31.30	$27.62 - $34.25
Q2 2025	584,919	$17,238	$26.32	$21.30 - $29.72
Q1 2025	719,875	$16,723	$25.07	$22.91 - $28.73
Q4 2024	807,186	$19,074	$25.32	$22.28 - $27.78
Q3 2024	573,931	$15,829	$26.36	$21.31 - $30.98
Q2 2024	697,558	$16,323	$23.77	$21.35 - $26.09
Q1 2024	381,133	$9,193	$25.31	$22.34 - $29.79