MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

PenderFund Capital Management Ltd.'s Holding History (CIK: 0001706164)

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

Q4 2025

Shares 517 Value ($000) $1,111 Avg Close $2025.92 Range $1812.24 - $2207.59

Q3 2025

Shares 515 Value ($000) $984 Avg Close $1960.42 Range $1889.91 - $2075.92

Q2 2025

Shares 515 Value ($000) $1,029 Avg Close $1875.20 Range $1621.89 - $2004.24

Q1 2025

Shares 509 Value ($000) $2,307 Avg Close $1839.75 Range $1641.51 - $2063.68

Q4 2024

Shares 504 Value ($000) $1,251 Avg Close $1659.34 Range $1521.25 - $1809.11

Q4 2017

Shares 773 Value ($000) $868 Avg Close $1093.18 Range $1054.20 - $1157.30

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	517	$1,111	$2025.92	$1812.24 - $2207.59
Q3 2025	515	$984	$1960.42	$1889.91 - $2075.92
Q2 2025	515	$1,029	$1875.20	$1621.89 - $2004.24
Q1 2025	509	$2,307	$1839.75	$1641.51 - $2063.68
Q4 2024	504	$1,251	$1659.34	$1521.25 - $1809.11
Q4 2017	773	$868	$1093.18	$1054.20 - $1157.30