MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

SFMG, LLC's Holding History (CIK: 0001512026)

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

Q4 2025

Shares 4,746 Value ($000) $843 Avg Close $166.47 Range $150.92 - $182.34

Q3 2025

Shares 3,021 Value ($000) $480 Avg Close $146.45 Range $133.51 - $162.99

Q4 2024

Shares 1,711 Value ($000) $215 Avg Close $119.51 Range $99.47 - $132.53

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,746	$843	$166.47	$150.92 - $182.34
Q3 2025	3,021	$480	$146.45	$133.51 - $162.99
Q4 2024	1,711	$215	$119.51	$99.47 - $132.53