MASTERCARD INCORPORATED

Ticker: MA CUSIP: 57636Q104 Class: Common Stock

Welch Group, LLC's Holding History (CIK: 0001443095)

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

Q4 2025

Shares 16,934 Value ($000) $9,667 Avg Close $558.95 Range $524.70 - $585.31

Q3 2025

Shares 16,017 Value ($000) $9,111 Avg Close $573.47 Range $545.13 - $600.98

Q2 2025

Shares 15,507 Value ($000) $8,714 Avg Close $551.47 Range $463.61 - $593.12

Q1 2025

Shares 15,002 Value ($000) $8,110 Avg Close $542.01 Range $497.80 - $579.76

Q4 2024

Shares 14,526 Value ($000) $7,634 Avg Close $514.68 Range $486.24 - $534.63

Q3 2024

Shares 13,888 Value ($000) $6,858 Avg Close $461.72 Range $425.84 - $498.27

Q2 2024

Shares 13,323 Value ($000) $5,878 Avg Close $451.62 Range $433.19 - $478.53

Q1 2024

Shares 12,983 Value ($000) $6,252 Avg Close $452.59 Range $412.22 - $485.16

Q4 2023

Shares 12,600 Value ($000) $5,374 Avg Close $397.11 Range $355.66 - $423.46

Q3 2023

Shares 12,450 Value ($000) $4,929 Avg Close $396.22 Range $381.45 - $413.22

Q2 2023

Shares 12,250 Value ($000) $4,818 Avg Close $369.85 Range $350.88 - $389.52

Q1 2023

Shares 11,712 Value ($000) $4,256 Avg Close $357.45 Range $334.82 - $383.83

Q4 2022

Shares 11,177 Value ($000) $3,886 Avg Close $323.40 Range $272.05 - $362.83

Q3 2022

Shares 10,546 Value ($000) $2,999 Avg Close $325.17 Range $276.34 - $355.07

Q2 2022

Shares 10,122 Value ($000) $3,193 Avg Close $337.29 Range $297.42 - $374.14

Q1 2022

Shares 9,592 Value ($000) $3,428 Avg Close $351.61 Range $298.93 - $391.17

Q4 2021

Shares 8,369 Value ($000) $3,007 Avg Close $337.80 Range $298.92 - $362.54

Q3 2021

Shares 7,320 Value ($000) $2,545 Avg Close $354.74 Range $327.44 - $385.64

Q2 2021

Shares 6,088 Value ($000) $2,223 Avg Close $362.28 Range $345.76 - $391.25

Q1 2021

Shares 5,106 Value ($000) $1,818 Avg Close $339.57 Range $304.04 - $379.11

Q4 2020

Shares 4,226 Value ($000) $1,508 Avg Close $323.35 Range $273.35 - $349.38

Q3 2020

Shares 3,717 Value ($000) $1,257 Avg Close $315.67 Range $280.27 - $356.58

Q2 2020

Shares 3,546 Value ($000) $1,048 Avg Close $273.34 Range $219.87 - $306.47

Q1 2020

Shares 2,180 Value ($000) $527 Avg Close $287.82 Range $193.62 - $336.19

Q4 2019

Shares 1,698 Value ($000) $507 Avg Close $272.58 Range $249.95 - $291.54

Q3 2019

Shares 1,788 Value ($000) $486 Avg Close $266.10 Range $245.19 - $283.62

Q2 2019

Shares 1,799 Value ($000) $476 Avg Close $241.35 Range $224.85 - $260.28

Q1 2019

Shares 1,786 Value ($000) $421 Avg Close $207.20 Range $174.02 - $228.35

Q4 2018

Shares 1,688 Value ($000) $318 Avg Close $190.92 Range $165.28 - $216.43

Q3 2018

Shares 1,469 Value ($000) $327 Avg Close $200.34 Range $186.80 - $215.48

Q2 2018

Shares 1,302 Value ($000) $256 Avg Close $180.31 Range $160.86 - $195.68

Q1 2018

Shares 1,387 Value ($000) $243 Avg Close $163.70 Range $144.52 - $175.98

Q4 2017

Shares 1,549 Value ($000) $234 Avg Close $142.19 Range $134.47 - $147.90

Q3 2017

Shares 1,549 Value ($000) $219 Avg Close $126.35 Range $115.06 - $137.11

Q2 2017

Shares 1,790 Value ($000) $217 Avg Close $113.06 Range $105.80 - $120.27

Q1 2017

Shares 1,625 Value ($000) $183 Avg Close $104.26 Range $98.83 - $107.97

Q4 2016

Shares 1,605 Value ($000) $166 Avg Close $98.27 Range $94.46 - $103.40

Q3 2016

Shares 1,640 Value ($000) $167 Avg Close $90.84 Range $82.10 - $96.94

Q2 2016

Shares 1,701 Value ($000) $150 Avg Close $90.26 Range $82.81 - $94.54

Q1 2016

Shares 2,375 Value ($000) $224 Avg Close $83.42 Range $74.09 - $90.24

Q4 2015

Shares 2,375 Value ($000) $231 Avg Close $92.19 Range $83.59 - $95.82

Q3 2015

Shares 2,375 Value ($000) $214 Avg Close $88.30 Range $70.14 - $93.23

Q2 2015

Shares 2,852 Value ($000) $267 Avg Close $86.11 Range $79.97 - $90.38

Q1 2015

Shares 2,852 Value ($000) $246 Avg Close $81.25 Range $74.77 - $87.12

Q4 2014

Shares 2,852 Value ($000) $246 Avg Close $76.31 Range $65.11 - $84.02

Q3 2014

Shares 2,797 Value ($000) $207 Avg Close $71.09 Range $68.75 - $73.96

Q2 2014

Shares 2,831 Value ($000) $208 Avg Close $69.24 Range $64.02 - $72.61

Q1 2014

Shares 2,750 Value ($000) $205 Avg Close $72.72 Range $66.78 - $78.88

Q4 2013

Shares 278 Value ($000) $232 Avg Close $69.03 Range $60.18 - $78.03

Q3 2013

Shares 314 Value ($000) $211 Avg Close $58.30 Range $52.66 - $64.55

Q2 2013

Shares 333 Value ($000) $191 Avg Close $51.54 Range $48.11 - $54.91

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	16,934	$9,667	$558.95	$524.70 - $585.31
Q3 2025	16,017	$9,111	$573.47	$545.13 - $600.98
Q2 2025	15,507	$8,714	$551.47	$463.61 - $593.12
Q1 2025	15,002	$8,110	$542.01	$497.80 - $579.76
Q4 2024	14,526	$7,634	$514.68	$486.24 - $534.63
Q3 2024	13,888	$6,858	$461.72	$425.84 - $498.27
Q2 2024	13,323	$5,878	$451.62	$433.19 - $478.53
Q1 2024	12,983	$6,252	$452.59	$412.22 - $485.16
Q4 2023	12,600	$5,374	$397.11	$355.66 - $423.46
Q3 2023	12,450	$4,929	$396.22	$381.45 - $413.22
Q2 2023	12,250	$4,818	$369.85	$350.88 - $389.52
Q1 2023	11,712	$4,256	$357.45	$334.82 - $383.83
Q4 2022	11,177	$3,886	$323.40	$272.05 - $362.83
Q3 2022	10,546	$2,999	$325.17	$276.34 - $355.07
Q2 2022	10,122	$3,193	$337.29	$297.42 - $374.14
Q1 2022	9,592	$3,428	$351.61	$298.93 - $391.17
Q4 2021	8,369	$3,007	$337.80	$298.92 - $362.54
Q3 2021	7,320	$2,545	$354.74	$327.44 - $385.64
Q2 2021	6,088	$2,223	$362.28	$345.76 - $391.25
Q1 2021	5,106	$1,818	$339.57	$304.04 - $379.11
Q4 2020	4,226	$1,508	$323.35	$273.35 - $349.38
Q3 2020	3,717	$1,257	$315.67	$280.27 - $356.58
Q2 2020	3,546	$1,048	$273.34	$219.87 - $306.47
Q1 2020	2,180	$527	$287.82	$193.62 - $336.19
Q4 2019	1,698	$507	$272.58	$249.95 - $291.54
Q3 2019	1,788	$486	$266.10	$245.19 - $283.62
Q2 2019	1,799	$476	$241.35	$224.85 - $260.28
Q1 2019	1,786	$421	$207.20	$174.02 - $228.35
Q4 2018	1,688	$318	$190.92	$165.28 - $216.43
Q3 2018	1,469	$327	$200.34	$186.80 - $215.48
Q2 2018	1,302	$256	$180.31	$160.86 - $195.68
Q1 2018	1,387	$243	$163.70	$144.52 - $175.98
Q4 2017	1,549	$234	$142.19	$134.47 - $147.90
Q3 2017	1,549	$219	$126.35	$115.06 - $137.11
Q2 2017	1,790	$217	$113.06	$105.80 - $120.27
Q1 2017	1,625	$183	$104.26	$98.83 - $107.97
Q4 2016	1,605	$166	$98.27	$94.46 - $103.40
Q3 2016	1,640	$167	$90.84	$82.10 - $96.94
Q2 2016	1,701	$150	$90.26	$82.81 - $94.54
Q1 2016	2,375	$224	$83.42	$74.09 - $90.24
Q4 2015	2,375	$231	$92.19	$83.59 - $95.82
Q3 2015	2,375	$214	$88.30	$70.14 - $93.23
Q2 2015	2,852	$267	$86.11	$79.97 - $90.38
Q1 2015	2,852	$246	$81.25	$74.77 - $87.12
Q4 2014	2,852	$246	$76.31	$65.11 - $84.02
Q3 2014	2,797	$207	$71.09	$68.75 - $73.96
Q2 2014	2,831	$208	$69.24	$64.02 - $72.61
Q1 2014	2,750	$205	$72.72	$66.78 - $78.88
Q4 2013	278	$232	$69.03	$60.18 - $78.03
Q3 2013	314	$211	$58.30	$52.66 - $64.55
Q2 2013	333	$191	$51.54	$48.11 - $54.91