FIRST SOLAR INC

Ticker: FSLR CUSIP: 336433107 Class: EQTY

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

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

Q4 2025

Shares 35,600 Value ($000) $9,300 Avg Close $252.20 Range $216.63 - $285.99

Q3 2025

Shares 37,500 Value ($000) $8,270 Avg Close $191.94 Range $158.81 - $228.34

Q2 2025

Shares 37,700 Value ($000) $6,241 Avg Close $147.64 Range $116.56 - $198.87

Q1 2025

Shares 34,600 Value ($000) $4,374 Avg Close $156.16 Range $120.60 - $201.20

Q4 2024

Shares 34,700 Value ($000) $6,116 Avg Close $199.06 Range $173.36 - $252.90

Q3 2024

Shares 33,600 Value ($000) $8,381 Avg Close $225.17 Range $195.27 - $262.72

Q2 2024

Shares 33,700 Value ($000) $7,598 Avg Close $218.00 Range $162.16 - $306.77

Q1 2024

Shares 32,000 Value ($000) $5,402 Avg Close $153.74 Range $135.88 - $177.89

Q4 2023

Shares 32,000 Value ($000) $5,513 Avg Close $152.94 Range $129.22 - $177.51

Q3 2023

Shares 29,300 Value ($000) $4,735 Avg Close $186.58 Range $157.50 - $224.50

Q2 2023

Shares 27,300 Value ($000) $5,189 Avg Close $198.09 Range $170.55 - $232.00

Q1 2023

Shares 27,200 Value ($000) $5,916 Avg Close $182.57 Range $141.81 - $219.55

Q4 2022

Shares 26,900 Value ($000) $4,029 Avg Close $148.17 Range $115.66 - $173.68

Q3 2022

Shares 25,024 Value ($000) $3,310 Avg Close $107.16 Range $60.96 - $140.64

Q2 2022

Shares 25,224 Value ($000) $1,719 Avg Close $71.18 Range $59.60 - $86.31

Q1 2022

Shares 25,124 Value ($000) $2,104 Avg Close $76.57 Range $61.24 - $91.36

Q4 2021

Shares 25,039 Value ($000) $2,182 Avg Close $102.83 Range $84.78 - $123.13

Q3 2021

Shares 24,739 Value ($000) $2,362 Avg Close $92.85 Range $78.93 - $107.27

Q2 2021

Shares 21,439 Value ($000) $1,940 Avg Close $79.13 Range $67.71 - $94.08

Q1 2021

Shares 31,439 Value ($000) $2,745 Avg Close $91.72 Range $68.07 - $112.50

Q4 2020

Shares 30,839 Value ($000) $3,051 Avg Close $86.71 Range $66.71 - $109.09

Q3 2020

Shares 30,839 Value ($000) $2,042 Avg Close $66.40 Range $49.04 - $81.87

Q2 2020

Shares 27,739 Value ($000) $1,373 Avg Close $44.60 Range $33.00 - $54.50

Q1 2020

Shares 21,000 Value ($000) $757 Avg Close $47.54 Range $28.47 - $59.90

Q4 2019

Shares 414,473 Value ($000) $23,194 Avg Close $54.92 Range $50.22 - $62.89

Q3 2019

Shares 414,173 Value ($000) $24,026 Avg Close $64.07 Range $55.95 - $69.24

Q2 2019

Shares 414,673 Value ($000) $27,236 Avg Close $60.17 Range $53.18 - $66.05

Q1 2019

Shares 419,073 Value ($000) $22,144 Avg Close $50.34 Range $41.41 - $56.04

Q4 2018

Shares 419,073 Value ($000) $17,792 Avg Close $43.90 Range $36.51 - $50.06

Q3 2018

Shares 420,073 Value ($000) $20,340 Avg Close $51.90 Range $47.34 - $55.75

Q2 2018

Shares 422,273 Value ($000) $22,237 Avg Close $65.41 Range $50.23 - $81.72

Q1 2018

Shares 421,873 Value ($000) $29,945 Avg Close $68.06 Range $58.80 - $76.61

Q4 2017

Shares 421,473 Value ($000) $28,458 Avg Close $58.65 Range $45.27 - $71.80

Q3 2017

Shares 422,773 Value ($000) $19,397 Avg Close $46.37 Range $38.36 - $53.00

Q2 2017

Shares 754,373 Value ($000) $30,084 Avg Close $33.98 Range $25.56 - $41.17

Q1 2017

Shares 378,873 Value ($000) $10,267 Avg Close $32.79 Range $27.08 - $38.50

Q4 2016

Shares 272,623 Value ($000) $8,748 Avg Close $35.10 Range $28.60 - $42.90

Q3 2016

Shares 273,979 Value ($000) $10,819 Avg Close $41.41 Range $33.74 - $49.50

Q2 2016

Shares 273,779 Value ($000) $13,273 Avg Close $53.28 Range $43.70 - $69.01

Q1 2016

Shares 74,306 Value ($000) $5,088 Avg Close $67.03 Range $57.20 - $74.29

Q4 2015

Shares 298,906 Value ($000) $19,725 Avg Close $56.06 Range $41.90 - $67.80

Q3 2015

Shares 520,306 Value ($000) $22,243 Avg Close $46.26 Range $40.25 - $53.63

Q2 2015

Shares 522,306 Value ($000) $24,538 Avg Close $55.86 Range $46.84 - $65.50

Q1 2015

Shares 582,006 Value ($000) $34,798 Avg Close $51.35 Range $39.18 - $63.10

Q4 2014

Shares 999,006 Value ($000) $44,551 Avg Close $50.95 Range $40.54 - $65.87

Q3 2014

Shares 457,806 Value ($000) $30,128 Avg Close $67.69 Range $60.15 - $73.78

Q2 2014

Shares 456,106 Value ($000) $32,411 Avg Close $66.19 Range $57.80 - $74.18

Q1 2014

Shares 455,806 Value ($000) $31,811 Avg Close $55.76 Range $47.04 - $74.84

Q4 2013

Shares 178,706 Value ($000) $9,764 Avg Close $54.68 Range $40.00 - $65.99

Q3 2013

Shares 178,206 Value ($000) $7,166 Avg Close $42.28 Range $35.59 - $51.60

Q2 2013

Shares 27,006 Value ($000) $1,208 Avg Close $44.50 Range $25.66 - $59.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	35,600	$9,300	$252.20	$216.63 - $285.99
Q3 2025	37,500	$8,270	$191.94	$158.81 - $228.34
Q2 2025	37,700	$6,241	$147.64	$116.56 - $198.87
Q1 2025	34,600	$4,374	$156.16	$120.60 - $201.20
Q4 2024	34,700	$6,116	$199.06	$173.36 - $252.90
Q3 2024	33,600	$8,381	$225.17	$195.27 - $262.72
Q2 2024	33,700	$7,598	$218.00	$162.16 - $306.77
Q1 2024	32,000	$5,402	$153.74	$135.88 - $177.89
Q4 2023	32,000	$5,513	$152.94	$129.22 - $177.51
Q3 2023	29,300	$4,735	$186.58	$157.50 - $224.50
Q2 2023	27,300	$5,189	$198.09	$170.55 - $232.00
Q1 2023	27,200	$5,916	$182.57	$141.81 - $219.55
Q4 2022	26,900	$4,029	$148.17	$115.66 - $173.68
Q3 2022	25,024	$3,310	$107.16	$60.96 - $140.64
Q2 2022	25,224	$1,719	$71.18	$59.60 - $86.31
Q1 2022	25,124	$2,104	$76.57	$61.24 - $91.36
Q4 2021	25,039	$2,182	$102.83	$84.78 - $123.13
Q3 2021	24,739	$2,362	$92.85	$78.93 - $107.27
Q2 2021	21,439	$1,940	$79.13	$67.71 - $94.08
Q1 2021	31,439	$2,745	$91.72	$68.07 - $112.50
Q4 2020	30,839	$3,051	$86.71	$66.71 - $109.09
Q3 2020	30,839	$2,042	$66.40	$49.04 - $81.87
Q2 2020	27,739	$1,373	$44.60	$33.00 - $54.50
Q1 2020	21,000	$757	$47.54	$28.47 - $59.90
Q4 2019	414,473	$23,194	$54.92	$50.22 - $62.89
Q3 2019	414,173	$24,026	$64.07	$55.95 - $69.24
Q2 2019	414,673	$27,236	$60.17	$53.18 - $66.05
Q1 2019	419,073	$22,144	$50.34	$41.41 - $56.04
Q4 2018	419,073	$17,792	$43.90	$36.51 - $50.06
Q3 2018	420,073	$20,340	$51.90	$47.34 - $55.75
Q2 2018	422,273	$22,237	$65.41	$50.23 - $81.72
Q1 2018	421,873	$29,945	$68.06	$58.80 - $76.61
Q4 2017	421,473	$28,458	$58.65	$45.27 - $71.80
Q3 2017	422,773	$19,397	$46.37	$38.36 - $53.00
Q2 2017	754,373	$30,084	$33.98	$25.56 - $41.17
Q1 2017	378,873	$10,267	$32.79	$27.08 - $38.50
Q4 2016	272,623	$8,748	$35.10	$28.60 - $42.90
Q3 2016	273,979	$10,819	$41.41	$33.74 - $49.50
Q2 2016	273,779	$13,273	$53.28	$43.70 - $69.01
Q1 2016	74,306	$5,088	$67.03	$57.20 - $74.29
Q4 2015	298,906	$19,725	$56.06	$41.90 - $67.80
Q3 2015	520,306	$22,243	$46.26	$40.25 - $53.63
Q2 2015	522,306	$24,538	$55.86	$46.84 - $65.50
Q1 2015	582,006	$34,798	$51.35	$39.18 - $63.10
Q4 2014	999,006	$44,551	$50.95	$40.54 - $65.87
Q3 2014	457,806	$30,128	$67.69	$60.15 - $73.78
Q2 2014	456,106	$32,411	$66.19	$57.80 - $74.18
Q1 2014	455,806	$31,811	$55.76	$47.04 - $74.84
Q4 2013	178,706	$9,764	$54.68	$40.00 - $65.99
Q3 2013	178,206	$7,166	$42.28	$35.59 - $51.60
Q2 2013	27,006	$1,208	$44.50	$25.66 - $59.00