FLOWERS FOODS INC

Ticker: FLO CUSIP: 343498101 Class: COM

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

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

Q4 2025

Shares 49,942 Value ($000) $543 Avg Close $11.43 Range $10.10 - $12.98

Q3 2025

Shares 50,242 Value ($000) $656 Avg Close $14.62 Range $12.14 - $16.19

Q2 2025

Shares 47,242 Value ($000) $755 Avg Close $16.37 Range $15.12 - $19.14

Q1 2025

Shares 46,842 Value ($000) $890 Avg Close $17.94 Range $16.81 - $19.54

Q4 2024

Shares 46,342 Value ($000) $957 Avg Close $20.40 Range $18.88 - $21.67

Q3 2024

Shares 46,542 Value ($000) $1,074 Avg Close $20.83 Range $19.40 - $22.06

Q2 2024

Shares 46,242 Value ($000) $1,027 Avg Close $21.49 Range $20.10 - $23.65

Q1 2024

Shares 47,142 Value ($000) $1,120 Avg Close $20.52 Range $19.54 - $21.64

Q4 2023

Shares 46,142 Value ($000) $1,039 Avg Close $19.19 Range $17.41 - $20.50

Q3 2023

Shares 45,942 Value ($000) $1,019 Avg Close $21.08 Range $19.57 - $23.11

Q2 2023

Shares 47,442 Value ($000) $1,180 Avg Close $23.09 Range $21.12 - $25.31

Q1 2023

Shares 48,542 Value ($000) $1,331 Avg Close $23.85 Range $22.70 - $25.22

Q4 2022

Shares 48,942 Value ($000) $1,407 Avg Close $24.12 Range $20.85 - $26.02

Q3 2022

Shares 48,642 Value ($000) $1,201 Avg Close $23.02 Range $21.10 - $24.36

Q2 2022

Shares 50,642 Value ($000) $1,333 Avg Close $22.22 Range $20.52 - $23.50

Q1 2022

Shares 50,442 Value ($000) $1,297 Avg Close $22.80 Range $20.47 - $24.85

Q4 2021

Shares 50,333 Value ($000) $1,383 Avg Close $21.49 Range $19.51 - $23.17

Q3 2021

Shares 49,833 Value ($000) $1,178 Avg Close $19.57 Range $18.58 - $20.76

Q2 2021

Shares 49,633 Value ($000) $1,201 Avg Close $19.84 Range $19.12 - $20.77

Q1 2021

Shares 72,933 Value ($000) $1,736 Avg Close $18.47 Range $17.50 - $19.91

Q4 2020

Shares 71,733 Value ($000) $1,623 Avg Close $18.71 Range $17.39 - $20.13

Q3 2020

Shares 71,633 Value ($000) $1,743 Avg Close $18.66 Range $17.11 - $20.09

Q2 2020

Shares 70,033 Value ($000) $1,566 Avg Close $17.79 Range $15.59 - $18.98

Q1 2020

Shares 53,350 Value ($000) $1,095 Avg Close $17.07 Range $13.71 - $19.74

Q4 2019

Shares 56,650 Value ($000) $1,232 Avg Close $16.86 Range $15.81 - $17.92

Q3 2019

Shares 55,850 Value ($000) $1,292 Avg Close $17.82 Range $16.60 - $18.69

Q2 2019

Shares 54,450 Value ($000) $1,267 Avg Close $16.89 Range $15.91 - $18.35

Q1 2019

Shares 65,450 Value ($000) $1,395 Avg Close $15.17 Range $13.68 - $16.29

Q4 2018

Shares 65,450 Value ($000) $1,209 Avg Close $14.36 Range $13.41 - $15.25

Q3 2018

Shares 67,850 Value ($000) $1,266 Avg Close $15.00 Range $13.77 - $16.10

Q2 2018

Shares 68,350 Value ($000) $1,424 Avg Close $15.71 Range $14.03 - $16.75

Q1 2018

Shares 67,550 Value ($000) $1,477 Avg Close $14.75 Range $13.22 - $16.12

Q4 2017

Shares 66,350 Value ($000) $1,281 Avg Close $13.91 Range $12.79 - $14.84

Q3 2017

Shares 69,250 Value ($000) $1,303 Avg Close $12.74 Range $12.01 - $13.63

Q2 2017

Shares 75,850 Value ($000) $1,313 Avg Close $13.35 Range $12.24 - $14.24

Q1 2017

Shares 74,650 Value ($000) $1,449 Avg Close $13.84 Range $13.10 - $14.75

Q4 2016

Shares 73,550 Value ($000) $1,469 Avg Close $11.49 Range $10.15 - $14.12

Q3 2016

Shares 73,250 Value ($000) $1,108 Avg Close $11.44 Range $9.87 - $13.50

Q2 2016

Shares 73,050 Value ($000) $1,370 Avg Close $12.73 Range $11.78 - $13.51

Q1 2016

Shares 74,550 Value ($000) $1,376 Avg Close $12.86 Range $10.58 - $14.93

Q4 2015

Shares 73,850 Value ($000) $1,587 Avg Close $16.40 Range $14.43 - $18.35

Q3 2015

Shares 84,250 Value ($000) $2,084 Avg Close $15.20 Range $13.58 - $17.43

Q2 2015

Shares 84,250 Value ($000) $1,782 Avg Close $14.91 Range $14.10 - $15.67

Q1 2015

Shares 83,550 Value ($000) $1,900 Avg Close $13.72 Range $12.30 - $15.34

Q4 2014

Shares 87,950 Value ($000) $1,688 Avg Close $12.39 Range $11.43 - $13.26

Q3 2014

Shares 87,450 Value ($000) $1,606 Avg Close $12.73 Range $11.86 - $13.91

Q2 2014

Shares 82,850 Value ($000) $1,746 Avg Close $13.40 Range $12.83 - $13.91

Q1 2014

Shares 82,450 Value ($000) $1,769 Avg Close $13.44 Range $12.03 - $14.30

Q4 2013

Shares 82,050 Value ($000) $1,762 Avg Close $14.47 Range $13.17 - $16.43

Q3 2013

Shares 81,550 Value ($000) $1,748 Avg Close $14.27 Range $12.87 - $15.60

Q2 2013

Shares 79,250 Value ($000) $1,747 Avg Close $13.91 Range $13.04 - $15.31

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	49,942	$543	$11.43	$10.10 - $12.98
Q3 2025	50,242	$656	$14.62	$12.14 - $16.19
Q2 2025	47,242	$755	$16.37	$15.12 - $19.14
Q1 2025	46,842	$890	$17.94	$16.81 - $19.54
Q4 2024	46,342	$957	$20.40	$18.88 - $21.67
Q3 2024	46,542	$1,074	$20.83	$19.40 - $22.06
Q2 2024	46,242	$1,027	$21.49	$20.10 - $23.65
Q1 2024	47,142	$1,120	$20.52	$19.54 - $21.64
Q4 2023	46,142	$1,039	$19.19	$17.41 - $20.50
Q3 2023	45,942	$1,019	$21.08	$19.57 - $23.11
Q2 2023	47,442	$1,180	$23.09	$21.12 - $25.31
Q1 2023	48,542	$1,331	$23.85	$22.70 - $25.22
Q4 2022	48,942	$1,407	$24.12	$20.85 - $26.02
Q3 2022	48,642	$1,201	$23.02	$21.10 - $24.36
Q2 2022	50,642	$1,333	$22.22	$20.52 - $23.50
Q1 2022	50,442	$1,297	$22.80	$20.47 - $24.85
Q4 2021	50,333	$1,383	$21.49	$19.51 - $23.17
Q3 2021	49,833	$1,178	$19.57	$18.58 - $20.76
Q2 2021	49,633	$1,201	$19.84	$19.12 - $20.77
Q1 2021	72,933	$1,736	$18.47	$17.50 - $19.91
Q4 2020	71,733	$1,623	$18.71	$17.39 - $20.13
Q3 2020	71,633	$1,743	$18.66	$17.11 - $20.09
Q2 2020	70,033	$1,566	$17.79	$15.59 - $18.98
Q1 2020	53,350	$1,095	$17.07	$13.71 - $19.74
Q4 2019	56,650	$1,232	$16.86	$15.81 - $17.92
Q3 2019	55,850	$1,292	$17.82	$16.60 - $18.69
Q2 2019	54,450	$1,267	$16.89	$15.91 - $18.35
Q1 2019	65,450	$1,395	$15.17	$13.68 - $16.29
Q4 2018	65,450	$1,209	$14.36	$13.41 - $15.25
Q3 2018	67,850	$1,266	$15.00	$13.77 - $16.10
Q2 2018	68,350	$1,424	$15.71	$14.03 - $16.75
Q1 2018	67,550	$1,477	$14.75	$13.22 - $16.12
Q4 2017	66,350	$1,281	$13.91	$12.79 - $14.84
Q3 2017	69,250	$1,303	$12.74	$12.01 - $13.63
Q2 2017	75,850	$1,313	$13.35	$12.24 - $14.24
Q1 2017	74,650	$1,449	$13.84	$13.10 - $14.75
Q4 2016	73,550	$1,469	$11.49	$10.15 - $14.12
Q3 2016	73,250	$1,108	$11.44	$9.87 - $13.50
Q2 2016	73,050	$1,370	$12.73	$11.78 - $13.51
Q1 2016	74,550	$1,376	$12.86	$10.58 - $14.93
Q4 2015	73,850	$1,587	$16.40	$14.43 - $18.35
Q3 2015	84,250	$2,084	$15.20	$13.58 - $17.43
Q2 2015	84,250	$1,782	$14.91	$14.10 - $15.67
Q1 2015	83,550	$1,900	$13.72	$12.30 - $15.34
Q4 2014	87,950	$1,688	$12.39	$11.43 - $13.26
Q3 2014	87,450	$1,606	$12.73	$11.86 - $13.91
Q2 2014	82,850	$1,746	$13.40	$12.83 - $13.91
Q1 2014	82,450	$1,769	$13.44	$12.03 - $14.30
Q4 2013	82,050	$1,762	$14.47	$13.17 - $16.43
Q3 2013	81,550	$1,748	$14.27	$12.87 - $15.60
Q2 2013	79,250	$1,747	$13.91	$13.04 - $15.31