GALLAGHER ARTHUR J & CO

Ticker: AJG CUSIP: 363576109 Class: COM

SANDS CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001020066)

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

Q4 2025

Shares 244,255 Value ($000) $63,211 Avg Close $264.22 Range $236.34 - $312.72

Q3 2025

Shares 1,094,070 Value ($000) $338,877 Avg Close $300.20 Range $276.20 - $321.70

Q2 2025

Shares 1,121,249 Value ($000) $358,934 Avg Close $327.56 Range $299.17 - $348.85

Q1 2025

Shares 202,631 Value ($000) $69,956 Avg Close $313.31 Range $273.17 - $344.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	244,255	$63,211	$264.22	$236.34 - $312.72
Q3 2025	1,094,070	$338,877	$300.20	$276.20 - $321.70
Q2 2025	1,121,249	$358,934	$327.56	$299.17 - $348.85
Q1 2025	202,631	$69,956	$313.31	$273.17 - $344.60