MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

Gladstone Institutional Advisory LLC's Holding History (CIK: 0001766530)

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

Q4 2025

Shares 100,135 Value ($000) $48,428 Avg Close $500.58 Range $464.89 - $552.69

Q3 2025

Shares 94,940 Value ($000) $49,174 Avg Close $508.71 Range $486.99 - $553.50

Q2 2025

Shares 94,632 Value ($000) $47,071 Avg Close $432.38 Range $342.95 - $499.00

Q1 2025

Shares 97,486 Value ($000) $36,595 Avg Close $405.08 Range $365.28 - $445.10

Q4 2024

Shares 90,230 Value ($000) $38,032 Avg Close $422.35 Range $401.80 - $452.82

Q3 2024

Shares 84,200 Value ($000) $36,231 Avg Close $423.10 Range $381.30 - $463.16

Q2 2024

Shares 81,905 Value ($000) $36,607 Avg Close $417.26 Range $383.04 - $451.11

Q1 2024

Shares 83,822 Value ($000) $35,266 Avg Close $399.26 Range $361.12 - $425.28

Q4 2023

Shares 94,136 Value ($000) $35,399 Avg Close $350.36 Range $306.02 - $378.65

Q3 2023

Shares 75,795 Value ($000) $23,932 Avg Close $324.59 Range $304.29 - $359.90

Q2 2023

Shares 78,191 Value ($000) $26,627 Avg Close $307.21 Range $269.61 - $344.87

Q1 2023

Shares 79,312 Value ($000) $22,866 Avg Close $249.46 Range $214.23 - $283.22

Q4 2022

Shares 82,311 Value ($000) $19,740 Avg Close $234.05 Range $207.86 - $257.76

Q3 2022

Shares 86,296 Value ($000) $20 Avg Close $256.88 Range $226.66 - $285.90

Q2 2022

Shares 87,424 Value ($000) $22 Avg Close $263.43 Range $234.71 - $305.53

Q1 2022

Shares 97,477 Value ($000) $30 Avg Close $291.40 Range $261.79 - $327.04

Q4 2021

Shares 77,662 Value ($000) $26 Avg Close $313.41 Range $270.67 - $338.33

Q3 2021

Shares 72,101 Value ($000) $20 Avg Close $280.73 Range $259.89 - $295.39

Q2 2021

Shares 48,122 Value ($000) $13 Avg Close $244.73 Range $228.94 - $261.86

Q1 2021

Shares 29,048 Value ($000) $7 Avg Close $222.90 Range $203.36 - $236.17

Q4 2020

Shares 18,543 Value ($000) $4 Avg Close $206.04 Range $191.04 - $218.32

Q3 2020

Shares 19,095 Value ($000) $4 Avg Close $200.75 Range $187.82 - $222.85

Q2 2020

Shares 17,730 Value ($000) $3,608 Avg Close $173.06 Range $143.15 - $195.15

Q1 2020

Shares 23,956 Value ($000) $3,778 Avg Close $156.34 Range $126.17 - $181.07

Q4 2019

Shares 13,968 Value ($000) $2,203 Avg Close $139.23 Range $126.06 - $151.49

Q3 2019

Shares 14,059 Value ($000) $1,955 Avg Close $129.91 Range $123.34 - $134.72

Q2 2019

Shares 10,390 Value ($000) $1,392 Avg Close $119.52 Range $110.97 - $130.53

Q1 2019

Shares 6,916 Value ($000) $816 Avg Close $102.29 Range $90.94 - $113.53

Q4 2018

Shares 6,245 Value ($000) $634 Avg Close $100.00 Range $87.91 - $108.24

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	100,135	$48,428	$500.58	$464.89 - $552.69
Q3 2025	94,940	$49,174	$508.71	$486.99 - $553.50
Q2 2025	94,632	$47,071	$432.38	$342.95 - $499.00
Q1 2025	97,486	$36,595	$405.08	$365.28 - $445.10
Q4 2024	90,230	$38,032	$422.35	$401.80 - $452.82
Q3 2024	84,200	$36,231	$423.10	$381.30 - $463.16
Q2 2024	81,905	$36,607	$417.26	$383.04 - $451.11
Q1 2024	83,822	$35,266	$399.26	$361.12 - $425.28
Q4 2023	94,136	$35,399	$350.36	$306.02 - $378.65
Q3 2023	75,795	$23,932	$324.59	$304.29 - $359.90
Q2 2023	78,191	$26,627	$307.21	$269.61 - $344.87
Q1 2023	79,312	$22,866	$249.46	$214.23 - $283.22
Q4 2022	82,311	$19,740	$234.05	$207.86 - $257.76
Q3 2022	86,296	$20	$256.88	$226.66 - $285.90
Q2 2022	87,424	$22	$263.43	$234.71 - $305.53
Q1 2022	97,477	$30	$291.40	$261.79 - $327.04
Q4 2021	77,662	$26	$313.41	$270.67 - $338.33
Q3 2021	72,101	$20	$280.73	$259.89 - $295.39
Q2 2021	48,122	$13	$244.73	$228.94 - $261.86
Q1 2021	29,048	$7	$222.90	$203.36 - $236.17
Q4 2020	18,543	$4	$206.04	$191.04 - $218.32
Q3 2020	19,095	$4	$200.75	$187.82 - $222.85
Q2 2020	17,730	$3,608	$173.06	$143.15 - $195.15
Q1 2020	23,956	$3,778	$156.34	$126.17 - $181.07
Q4 2019	13,968	$2,203	$139.23	$126.06 - $151.49
Q3 2019	14,059	$1,955	$129.91	$123.34 - $134.72
Q2 2019	10,390	$1,392	$119.52	$110.97 - $130.53
Q1 2019	6,916	$816	$102.29	$90.94 - $113.53
Q4 2018	6,245	$634	$100.00	$87.91 - $108.24