MORGAN STANLEY

Ticker: MS CUSIP: 617446448 Class: COM

Headlands Technologies LLC's Holding History (CIK: 0001570271)

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

Q4 2025

Shares 15,356 Value ($000) $2,726 Avg Close $166.47 Range $150.92 - $182.34

Q2 2025

Shares 11 Value ($000) $2 Avg Close $120.96 Range $92.37 - $140.07

Q1 2025

Shares 489 Value ($000) $57 Avg Close $125.91 Range $106.95 - $139.08

Q2 2024

Shares 8,478 Value ($000) $824 Avg Close $90.80 Range $80.57 - $98.76

Q2 2023

Shares 4,390 Value ($000) $375 Avg Close $78.37 Range $74.18 - $83.63

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	15,356	$2,726	$166.47	$150.92 - $182.34
Q2 2025	11	$2	$120.96	$92.37 - $140.07
Q1 2025	489	$57	$125.91	$106.95 - $139.08
Q2 2024	8,478	$824	$90.80	$80.57 - $98.76
Q2 2023	4,390	$375	$78.37	$74.18 - $83.63