DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

Sovereign's Capital Management, LLC's Holding History (CIK: 0001911637)

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

Q4 2025

Shares 128,823 Value ($000) $4,206 Avg Close $31.63 Range $28.52 - $34.41

Q3 2025

Shares 158,690 Value ($000) $4,961 Avg Close $31.30 Range $27.62 - $34.25

Q2 2025

Shares 161,741 Value ($000) $4,767 Avg Close $26.32 Range $21.30 - $29.72

Q1 2025

Shares 149,517 Value ($000) $3,473 Avg Close $25.07 Range $22.91 - $28.73

Q4 2024

Shares 54,570 Value ($000) $1,289 Avg Close $25.32 Range $22.28 - $27.78

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	128,823	$4,206	$31.63	$28.52 - $34.41
Q3 2025	158,690	$4,961	$31.30	$27.62 - $34.25
Q2 2025	161,741	$4,767	$26.32	$21.30 - $29.72
Q1 2025	149,517	$3,473	$25.07	$22.91 - $28.73
Q4 2024	54,570	$1,289	$25.32	$22.28 - $27.78