MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

Permanens Capital L.P.'s Holding History (CIK: 0001599637)

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

Q4 2025

Shares 25,224 Value ($000) $12,199 Avg Close $500.58 Range $464.89 - $552.69

Q3 2025

Shares 13,142 Value ($000) $6,807 Avg Close $508.71 Range $486.99 - $553.50

Q2 2025

Shares 17,652 Value ($000) $8,780 Avg Close $432.38 Range $342.95 - $499.00

Q1 2025

Shares 14,899 Value ($000) $5,593 Avg Close $405.08 Range $365.28 - $445.10

Q4 2024

Shares 9,483 Value ($000) $3,997 Avg Close $422.35 Range $401.80 - $452.82

Q3 2024

Shares 9,483 Value ($000) $4,081 Avg Close $423.10 Range $381.30 - $463.16

Q2 2024

Shares 13,665 Value ($000) $6,108 Avg Close $417.26 Range $383.04 - $451.11

Q1 2024

Shares 12,195 Value ($000) $5,131 Avg Close $399.26 Range $361.12 - $425.28

Q4 2023

Shares 11,295 Value ($000) $4,247 Avg Close $350.36 Range $306.02 - $378.65

Q3 2023

Shares 11,150 Value ($000) $3,521 Avg Close $324.59 Range $304.29 - $359.90

Q2 2023

Shares 4,265 Value ($000) $1,452 Avg Close $307.21 Range $269.61 - $344.87

Q1 2023

Shares 12,735 Value ($000) $3,672 Avg Close $249.46 Range $214.23 - $283.22

Q4 2022

Shares 12,735 Value ($000) $3,054 Avg Close $234.05 Range $207.86 - $257.76

Q3 2022

Shares 14,155 Value ($000) $3,297 Avg Close $256.88 Range $226.66 - $285.90

Q2 2022

Shares 21,269 Value ($000) $5,463 Avg Close $263.43 Range $234.71 - $305.53

Q1 2022

Shares 21,269 Value ($000) $6,557 Avg Close $291.40 Range $261.79 - $327.04

Q4 2021

Shares 34,884 Value ($000) $11,732 Avg Close $313.41 Range $270.67 - $338.33

Q3 2021

Shares 32,545 Value ($000) $9,175 Avg Close $280.73 Range $259.89 - $295.39

Q2 2021

Shares 33,124 Value ($000) $8,973 Avg Close $244.73 Range $228.94 - $261.86

Q1 2021

Shares 29,168 Value ($000) $6,877 Avg Close $222.90 Range $203.36 - $236.17

Q4 2020

Shares 24,502 Value ($000) $5,450 Avg Close $206.04 Range $191.04 - $218.32

Q3 2020

Shares 2,064 Value ($000) $434 Avg Close $200.75 Range $187.82 - $222.85

Q2 2020

Shares 1,352 Value ($000) $276 Avg Close $173.06 Range $143.15 - $195.15

Q1 2020

Shares 415 Value ($000) $65 Avg Close $156.34 Range $126.17 - $181.07

Q4 2019

Shares 1,970 Value ($000) $311 Avg Close $139.23 Range $126.06 - $151.49

Q1 2019

Shares 56 Value ($000) $7 Avg Close $102.29 Range $90.94 - $113.53

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	25,224	$12,199	$500.58	$464.89 - $552.69
Q3 2025	13,142	$6,807	$508.71	$486.99 - $553.50
Q2 2025	17,652	$8,780	$432.38	$342.95 - $499.00
Q1 2025	14,899	$5,593	$405.08	$365.28 - $445.10
Q4 2024	9,483	$3,997	$422.35	$401.80 - $452.82
Q3 2024	9,483	$4,081	$423.10	$381.30 - $463.16
Q2 2024	13,665	$6,108	$417.26	$383.04 - $451.11
Q1 2024	12,195	$5,131	$399.26	$361.12 - $425.28
Q4 2023	11,295	$4,247	$350.36	$306.02 - $378.65
Q3 2023	11,150	$3,521	$324.59	$304.29 - $359.90
Q2 2023	4,265	$1,452	$307.21	$269.61 - $344.87
Q1 2023	12,735	$3,672	$249.46	$214.23 - $283.22
Q4 2022	12,735	$3,054	$234.05	$207.86 - $257.76
Q3 2022	14,155	$3,297	$256.88	$226.66 - $285.90
Q2 2022	21,269	$5,463	$263.43	$234.71 - $305.53
Q1 2022	21,269	$6,557	$291.40	$261.79 - $327.04
Q4 2021	34,884	$11,732	$313.41	$270.67 - $338.33
Q3 2021	32,545	$9,175	$280.73	$259.89 - $295.39
Q2 2021	33,124	$8,973	$244.73	$228.94 - $261.86
Q1 2021	29,168	$6,877	$222.90	$203.36 - $236.17
Q4 2020	24,502	$5,450	$206.04	$191.04 - $218.32
Q3 2020	2,064	$434	$200.75	$187.82 - $222.85
Q2 2020	1,352	$276	$173.06	$143.15 - $195.15
Q1 2020	415	$65	$156.34	$126.17 - $181.07
Q4 2019	1,970	$311	$139.23	$126.06 - $151.49
Q1 2019	56	$7	$102.29	$90.94 - $113.53