DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

R Squared Ltd's Holding History (CIK: 0001896148)

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

Q4 2025

Shares 9,559 Value ($000) $312 Avg Close $31.63 Range $28.52 - $34.41

Q2 2025

Shares 7,345 Value ($000) $216 Avg Close $26.32 Range $21.30 - $29.72

Q4 2024

Shares 2,060 Value ($000) $49 Avg Close $25.32 Range $22.28 - $27.78

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	9,559	$312	$31.63	$28.52 - $34.41
Q2 2025	7,345	$216	$26.32	$21.30 - $29.72
Q4 2024	2,060	$49	$25.32	$22.28 - $27.78