MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

JANA Partners Management, LP's Holding History (CIK: 0001998597)

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

Q4 2025

Shares 81,219 Value ($000) $174,592 Avg Close $2025.92 Range $1812.24 - $2207.59

Q3 2025

Shares 147,411 Value ($000) $281,755 Avg Close $1960.42 Range $1889.91 - $2075.92

Q2 2025

Shares 151,432 Value ($000) $302,464 Avg Close $1875.20 Range $1621.89 - $2004.24

Q1 2025

Shares 156,022 Value ($000) $291,700 Avg Close $1839.75 Range $1641.51 - $2063.68

Q4 2024

Shares 108,926 Value ($000) $188,031 Avg Close $1659.34 Range $1521.25 - $1809.11

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	81,219	$174,592	$2025.92	$1812.24 - $2207.59
Q3 2025	147,411	$281,755	$1960.42	$1889.91 - $2075.92
Q2 2025	151,432	$302,464	$1875.20	$1621.89 - $2004.24
Q1 2025	156,022	$291,700	$1839.75	$1641.51 - $2063.68
Q4 2024	108,926	$188,031	$1659.34	$1521.25 - $1809.11