HAWTHORN BANCSHARES INC

Ticker: HWBK CUSIP: 420476103 Class: Common Stock

RBF Capital, LLC's Holding History (CIK: 0001134621)

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

Q4 2025

Shares 39,167 Value ($000) $1,366 Avg Close $32.00 Range $29.39 - $36.49

Q3 2025

Shares 39,167 Value ($000) $1,216 Avg Close $30.41 Range $28.10 - $33.77

Q2 2025

Shares 39,167 Value ($000) $1,141 Avg Close $28.85 Range $25.38 - $31.92

Q1 2025

Shares 39,667 Value ($000) $1,120 Avg Close $30.69 Range $25.21 - $35.95

Q4 2024

Shares 39,667 Value ($000) $1,125 Avg Close $28.04 Range $21.35 - $34.00

Q3 2024

Shares 39,667 Value ($000) $993 Avg Close $22.30 Range $19.86 - $26.09

Q2 2024

Shares 39,667 Value ($000) $785 Avg Close $19.75 Range $17.86 - $21.66

Q1 2024

Shares 39,667 Value ($000) $810 Avg Close $22.75 Range $18.56 - $26.00

Q4 2023

Shares 39,667 Value ($000) $1,006 Avg Close $19.80 Range $15.02 - $25.78

Q3 2023

Shares 39,667 Value ($000) $645 Avg Close $17.07 Range $15.91 - $18.62

Q2 2023

Shares 38,142 Value ($000) $685 Avg Close $19.29 Range $16.70 - $22.64

Q1 2023

Shares 38,142 Value ($000) $892 Avg Close $22.91 Range $20.75 - $24.51

Q4 2022

Shares 38,142 Value ($000) $830 Avg Close $21.72 Range $20.25 - $23.35

Q3 2022

Shares 38,142 Value ($000) $834 Avg Close $23.77 Range $20.97 - $25.58

Q2 2022

Shares 36,675 Value ($000) $935 Avg Close $24.28 Range $22.65 - $24.99

Q1 2022

Shares 36,675 Value ($000) $982 Avg Close $23.89 Range $22.63 - $25.39

Q4 2021

Shares 36,675 Value ($000) $951 Avg Close $22.46 Range $21.15 - $24.09

Q3 2021

Shares 36,675 Value ($000) $849 Avg Close $21.02 Range $20.12 - $21.86

Q2 2021

Shares 35,265 Value ($000) $809 Avg Close $20.70 Range $19.28 - $23.11

Q1 2021

Shares 35,265 Value ($000) $751 Avg Close $19.37 Range $16.71 - $24.09

Q4 2020

Shares 35,265 Value ($000) $772 Avg Close $19.06 Range $16.05 - $22.56

Q3 2020

Shares 35,265 Value ($000) $668 Avg Close $16.80 Range $14.01 - $19.23

Q2 2020

Shares 33,909 Value ($000) $668 Avg Close $16.90 Range $14.06 - $20.34

Q1 2020

Shares 33,909 Value ($000) $622 Avg Close $20.65 Range $12.44 - $24.03

Q4 2019

Shares 33,909 Value ($000) $865 Avg Close $22.40 Range $21.32 - $24.04

Q3 2019

Shares 33,909 Value ($000) $808 Avg Close $22.18 Range $18.98 - $25.66

Q2 2019

Shares 32,605 Value ($000) $874 Avg Close $23.41 Range $21.26 - $26.46

Q1 2019

Shares 32,605 Value ($000) $758 Avg Close $21.29 Range $18.91 - $22.19

Q4 2018

Shares 32,605 Value ($000) $686 Avg Close $21.12 Range $18.54 - $23.00

Q3 2018

Shares 32,605 Value ($000) $742 Avg Close $20.71 Range $20.02 - $22.93

Q2 2018

Shares 31,351 Value ($000) $687 Avg Close $19.60 Range $18.05 - $20.55

Q1 2018

Shares 31,351 Value ($000) $647 Avg Close $18.35 Range $17.78 - $18.85

Q4 2017

Shares 31,351 Value ($000) $651 Avg Close $18.15 Range $16.98 - $18.45

Q3 2017

Shares 31,351 Value ($000) $649 Avg Close $18.18 Range $16.06 - $19.11

Q2 2017

Shares 30,146 Value ($000) $632 Avg Close $17.73 Range $15.38 - $19.96

Q1 2017

Shares 30,146 Value ($000) $636 Avg Close $17.67 Range $14.46 - $20.67

Q4 2016

Shares 30,146 Value ($000) $534 Avg Close $13.70 Range $12.31 - $15.74

Q3 2016

Shares 30,146 Value ($000) $460 Avg Close $12.59 Range $12.05 - $13.96

Q2 2016

Shares 30,146 Value ($000) $416 Avg Close $12.89 Range $11.88 - $14.19

Q1 2016

Shares 28,987 Value ($000) $428 Avg Close $13.26 Range $12.40 - $14.05

Q4 2015

Shares 28,987 Value ($000) $457 Avg Close $12.89 Range $11.62 - $14.18

Q3 2015

Shares 28,987 Value ($000) $405 Avg Close $12.31 Range $11.66 - $13.24

Q2 2015

Shares 28,987 Value ($000) $415 Avg Close $12.37 Range $11.87 - $15.63

Q1 2015

Shares 27,873 Value ($000) $373 Avg Close $12.43 Range $11.11 - $13.33

Q4 2014

Shares 27,873 Value ($000) $397 Avg Close $12.44 Range $11.56 - $14.96

Q3 2014

Shares 27,873 Value ($000) $383 Avg Close $11.47 Range $10.58 - $12.48

Q2 2014

Shares 27,873 Value ($000) $349 Avg Close $11.55 Range $11.03 - $12.13

Q1 2014

Shares 26,801 Value ($000) $355 Avg Close $10.88 Range $9.82 - $12.13

Q4 2013

Shares 26,801 Value ($000) $326 Avg Close $11.47 Range $10.13 - $12.22

Q3 2013

Shares 26,801 Value ($000) $365 Avg Close $11.57 Range $10.26 - $12.81

Q2 2013

Shares 26,801 Value ($000) $335 Avg Close $9.80 Range $9.12 - $11.06

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	39,167	$1,366	$32.00	$29.39 - $36.49
Q3 2025	39,167	$1,216	$30.41	$28.10 - $33.77
Q2 2025	39,167	$1,141	$28.85	$25.38 - $31.92
Q1 2025	39,667	$1,120	$30.69	$25.21 - $35.95
Q4 2024	39,667	$1,125	$28.04	$21.35 - $34.00
Q3 2024	39,667	$993	$22.30	$19.86 - $26.09
Q2 2024	39,667	$785	$19.75	$17.86 - $21.66
Q1 2024	39,667	$810	$22.75	$18.56 - $26.00
Q4 2023	39,667	$1,006	$19.80	$15.02 - $25.78
Q3 2023	39,667	$645	$17.07	$15.91 - $18.62
Q2 2023	38,142	$685	$19.29	$16.70 - $22.64
Q1 2023	38,142	$892	$22.91	$20.75 - $24.51
Q4 2022	38,142	$830	$21.72	$20.25 - $23.35
Q3 2022	38,142	$834	$23.77	$20.97 - $25.58
Q2 2022	36,675	$935	$24.28	$22.65 - $24.99
Q1 2022	36,675	$982	$23.89	$22.63 - $25.39
Q4 2021	36,675	$951	$22.46	$21.15 - $24.09
Q3 2021	36,675	$849	$21.02	$20.12 - $21.86
Q2 2021	35,265	$809	$20.70	$19.28 - $23.11
Q1 2021	35,265	$751	$19.37	$16.71 - $24.09
Q4 2020	35,265	$772	$19.06	$16.05 - $22.56
Q3 2020	35,265	$668	$16.80	$14.01 - $19.23
Q2 2020	33,909	$668	$16.90	$14.06 - $20.34
Q1 2020	33,909	$622	$20.65	$12.44 - $24.03
Q4 2019	33,909	$865	$22.40	$21.32 - $24.04
Q3 2019	33,909	$808	$22.18	$18.98 - $25.66
Q2 2019	32,605	$874	$23.41	$21.26 - $26.46
Q1 2019	32,605	$758	$21.29	$18.91 - $22.19
Q4 2018	32,605	$686	$21.12	$18.54 - $23.00
Q3 2018	32,605	$742	$20.71	$20.02 - $22.93
Q2 2018	31,351	$687	$19.60	$18.05 - $20.55
Q1 2018	31,351	$647	$18.35	$17.78 - $18.85
Q4 2017	31,351	$651	$18.15	$16.98 - $18.45
Q3 2017	31,351	$649	$18.18	$16.06 - $19.11
Q2 2017	30,146	$632	$17.73	$15.38 - $19.96
Q1 2017	30,146	$636	$17.67	$14.46 - $20.67
Q4 2016	30,146	$534	$13.70	$12.31 - $15.74
Q3 2016	30,146	$460	$12.59	$12.05 - $13.96
Q2 2016	30,146	$416	$12.89	$11.88 - $14.19
Q1 2016	28,987	$428	$13.26	$12.40 - $14.05
Q4 2015	28,987	$457	$12.89	$11.62 - $14.18
Q3 2015	28,987	$405	$12.31	$11.66 - $13.24
Q2 2015	28,987	$415	$12.37	$11.87 - $15.63
Q1 2015	27,873	$373	$12.43	$11.11 - $13.33
Q4 2014	27,873	$397	$12.44	$11.56 - $14.96
Q3 2014	27,873	$383	$11.47	$10.58 - $12.48
Q2 2014	27,873	$349	$11.55	$11.03 - $12.13
Q1 2014	26,801	$355	$10.88	$9.82 - $12.13
Q4 2013	26,801	$326	$11.47	$10.13 - $12.22
Q3 2013	26,801	$365	$11.57	$10.26 - $12.81
Q2 2013	26,801	$335	$9.80	$9.12 - $11.06