INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Empirical Financial Services, LLC d.b.a. Empirical Wealth Management's Holding History (CIK: 0001510434)

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

Q4 2025

Shares 53,798 Value ($000) $15,935 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 53,950 Value ($000) $15,223 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 48,474 Value ($000) $14,289 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 44,352 Value ($000) $11,028 Avg Close $239.40 Range $209.20 - $261.47

Q4 2024

Shares 10,624 Value ($000) $2,335 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 7,441 Value ($000) $1,645 Avg Close $188.97 Range $166.24 - $216.80

Q2 2024

Shares 7,277 Value ($000) $1,259 Avg Close $165.85 Range $154.39 - $183.50

Q1 2024

Shares 6,199 Value ($000) $1,184 Avg Close $172.56 Range $148.54 - $189.10

Q4 2023

Shares 5,072 Value ($000) $830 Avg Close $141.50 Range $126.39 - $156.49

Q3 2023

Shares 5,148 Value ($000) $722 Avg Close $131.75 Range $120.98 - $141.33

Q2 2023

Shares 7,687 Value ($000) $1,029 Avg Close $118.05 Range $110.47 - $128.27

Q1 2023

Shares 4,022 Value ($000) $527 Avg Close $120.73 Range $110.43 - $131.92

Q4 2022

Shares 4,582 Value ($000) $646 Avg Close $123.05 Range $102.35 - $137.32

Q3 2022

Shares 5,036 Value ($000) $598 Avg Close $115.64 Range $105.06 - $124.09

Q2 2022

Shares 7,178 Value ($000) $1,013 Avg Close $117.50 Range $107.95 - $126.60

Q1 2022

Shares 7,287 Value ($000) $947 Avg Close $112.10 Range $102.68 - $121.43

Q4 2021

Shares 7,363 Value ($000) $984 Avg Close $106.49 Range $97.83 - $117.62

Q3 2021

Shares 6,603 Value ($000) $917 Avg Close $112.12 Range $106.97 - $117.48

Q2 2021

Shares 5,892 Value ($000) $864 Avg Close $113.44 Range $102.70 - $121.73

Q1 2021

Shares 4,451 Value ($000) $593 Avg Close $98.07 Range $91.22 - $107.97

Q4 2020

Shares 4,937 Value ($000) $621 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 12,402 Value ($000) $1,509 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 12,903 Value ($000) $1,558 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 13,368 Value ($000) $1,483 Avg Close $98.28 Range $67.58 - $117.24

Q4 2019

Shares 12,869 Value ($000) $1,725 Avg Close $99.90 Range $95.55 - $107.55

Q3 2019

Shares 11,835 Value ($000) $1,721 Avg Close $102.47 Range $94.04 - $110.34

Q2 2019

Shares 13,023 Value ($000) $1,796 Avg Close $98.62 Range $91.51 - $103.66

Q1 2019

Shares 11,981 Value ($000) $1,690 Avg Close $94.64 Range $78.71 - $101.33

Q4 2018

Shares 4,100 Value ($000) $466 Avg Close $87.95 Range $74.66 - $107.42

Q3 2018

Shares 5,082 Value ($000) $768 Avg Close $101.25 Range $95.14 - $106.71

Q2 2018

Shares 4,263 Value ($000) $596 Avg Close $99.95 Range $94.63 - $110.30

Q1 2018

Shares 3,182 Value ($000) $488 Avg Close $107.30 Range $98.32 - $115.38

Q4 2017

Shares 1,964 Value ($000) $301 Avg Close $102.11 Range $96.94 - $108.49

Q3 2017

Shares 2,195 Value ($000) $319 Avg Close $96.87 Range $92.88 - $103.07

Q2 2017

Shares 2,294 Value ($000) $353 Avg Close $103.77 Range $98.95 - $115.36

Q1 2017

Shares 2,180 Value ($000) $380 Avg Close $114.39 Range $107.32 - $119.58

Q4 2016

Shares 2,202 Value ($000) $366 Avg Close $103.05 Range $95.06 - $110.31

Q3 2016

Shares 1,953 Value ($000) $310 Avg Close $101.76 Range $95.61 - $106.13

Q2 2016

Shares 1,587 Value ($000) $241 Avg Close $95.13 Range $90.08 - $99.15

Q1 2016

Shares 2,185 Value ($000) $331 Avg Close $84.07 Range $73.78 - $96.70

Q4 2015

Shares 1,835 Value ($000) $252 Avg Close $87.52 Range $82.31 - $94.87

Q3 2015

Shares 2,015 Value ($000) $292 Avg Close $95.35 Range $87.10 - $106.76

Q2 2015

Shares 2,360 Value ($000) $384 Avg Close $102.99 Range $96.57 - $107.49

Q1 2015

Shares 1,244 Value ($000) $200 Avg Close $96.47 Range $90.53 - $100.82

Q4 2014

Shares 1,582 Value ($000) $254 Avg Close $100.47 Range $91.12 - $114.79

Q3 2014

Shares 1,534 Value ($000) $291 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 1,214 Value ($000) $220 Avg Close $112.28 Range $107.17 - $118.40

Q2 2013

Shares 1,055 Value ($000) $202 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	53,798	$15,935	$298.78	$262.11 - $324.90
Q3 2025	53,950	$15,223	$259.55	$232.08 - $292.01
Q2 2025	48,474	$14,289	$253.82	$210.49 - $292.56
Q1 2025	44,352	$11,028	$239.40	$209.20 - $261.47
Q4 2024	10,624	$2,335	$216.31	$196.83 - $233.32
Q3 2024	7,441	$1,645	$188.97	$166.24 - $216.80
Q2 2024	7,277	$1,259	$165.85	$154.39 - $183.50
Q1 2024	6,199	$1,184	$172.56	$148.54 - $189.10
Q4 2023	5,072	$830	$141.50	$126.39 - $156.49
Q3 2023	5,148	$722	$131.75	$120.98 - $141.33
Q2 2023	7,687	$1,029	$118.05	$110.47 - $128.27
Q1 2023	4,022	$527	$120.73	$110.43 - $131.92
Q4 2022	4,582	$646	$123.05	$102.35 - $137.32
Q3 2022	5,036	$598	$115.64	$105.06 - $124.09
Q2 2022	7,178	$1,013	$117.50	$107.95 - $126.60
Q1 2022	7,287	$947	$112.10	$102.68 - $121.43
Q4 2021	7,363	$984	$106.49	$97.83 - $117.62
Q3 2021	6,603	$917	$112.12	$106.97 - $117.48
Q2 2021	5,892	$864	$113.44	$102.70 - $121.73
Q1 2021	4,451	$593	$98.07	$91.22 - $107.97
Q4 2020	4,937	$621	$93.41	$81.15 - $103.82
Q3 2020	12,402	$1,509	$93.86	$87.12 - $99.96
Q2 2020	12,903	$1,558	$91.40	$78.00 - $102.76
Q1 2020	13,368	$1,483	$98.28	$67.58 - $117.24
Q4 2019	12,869	$1,725	$99.90	$95.55 - $107.55
Q3 2019	11,835	$1,721	$102.47	$94.04 - $110.34
Q2 2019	13,023	$1,796	$98.62	$91.51 - $103.66
Q1 2019	11,981	$1,690	$94.64	$78.71 - $101.33
Q4 2018	4,100	$466	$87.95	$74.66 - $107.42
Q3 2018	5,082	$768	$101.25	$95.14 - $106.71
Q2 2018	4,263	$596	$99.95	$94.63 - $110.30
Q1 2018	3,182	$488	$107.30	$98.32 - $115.38
Q4 2017	1,964	$301	$102.11	$96.94 - $108.49
Q3 2017	2,195	$319	$96.87	$92.88 - $103.07
Q2 2017	2,294	$353	$103.77	$98.95 - $115.36
Q1 2017	2,180	$380	$114.39	$107.32 - $119.58
Q4 2016	2,202	$366	$103.05	$95.06 - $110.31
Q3 2016	1,953	$310	$101.76	$95.61 - $106.13
Q2 2016	1,587	$241	$95.13	$90.08 - $99.15
Q1 2016	2,185	$331	$84.07	$73.78 - $96.70
Q4 2015	1,835	$252	$87.52	$82.31 - $94.87
Q3 2015	2,015	$292	$95.35	$87.10 - $106.76
Q2 2015	2,360	$384	$102.99	$96.57 - $107.49
Q1 2015	1,244	$200	$96.47	$90.53 - $100.82
Q4 2014	1,582	$254	$100.47	$91.12 - $114.79
Q3 2014	1,534	$291	$114.33	$108.62 - $117.41
Q2 2014	1,214	$220	$112.28	$107.17 - $118.40
Q2 2013	1,055	$202	$118.94	$109.29 - $125.13