NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

CAPSTONE INVESTMENT ADVISORS, LLC's Holding History (CIK: 0001426196)

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

Q4 2025

Shares 102,500 Value ($000) $29,594 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 70,000 Value ($000) $21,029 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 3,289 Value ($000) $842 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 3,501 Value ($000) $829 Avg Close $239.35 Range $222.00 - $264.36

Q4 2024

Shares 6,895 Value ($000) $1,618 Avg Close $248.46 Range $225.19 - $271.79

Q3 2024

Shares 2,390 Value ($000) $594 Avg Close $233.00 Range $204.24 - $253.86

Q2 2024

Shares 6,294 Value ($000) $1,351 Avg Close $224.21 Range $200.19 - $246.91

Q1 2024

Shares 2,932 Value ($000) $747 Avg Close $237.76 Range $214.83 - $253.85

Q4 2023

Shares 29 Value ($000) $7 Avg Close $200.12 Range $174.02 - $227.48

Q3 2023

Shares 13,638 Value ($000) $2,686 Avg Close $205.00 Range $184.44 - $225.83

Q2 2023

Shares 4,218 Value ($000) $956 Avg Close $200.25 Range $185.68 - $215.05

Q1 2023

Shares 8,168 Value ($000) $1,732 Avg Close $216.72 Range $184.28 - $242.90

Q4 2022

Shares 14,481 Value ($000) $3,568 Avg Close $220.43 Range $189.06 - $244.31

Q3 2022

Shares 20,776 Value ($000) $4,356 Avg Close $222.85 Range $194.58 - $245.30

Q2 2022

Shares 5,643 Value ($000) $1,283 Avg Close $226.47 Range $202.60 - $262.57

Q3 2021

Shares 36,643 Value ($000) $8,767 Avg Close $233.46 Range $217.60 - $249.27

Q2 2021

Shares 5,587 Value ($000) $1,483 Avg Close $250.29 Range $237.13 - $267.99

Q2 2020

Shares 4,160 Value ($000) $730 Avg Close $150.98 Range $121.35 - $179.10

Q1 2020

Shares 53,711 Value ($000) $7,842 Avg Close $163.63 Range $100.01 - $194.41

Q4 2019

Shares 16,566 Value ($000) $3,216 Avg Close $165.56 Range $146.52 - $174.77

Q3 2019

Shares 2,495 Value ($000) $448 Avg Close $161.51 Range $148.22 - $182.44

Q4 2018

Shares 317 Value ($000) $47 Avg Close $142.35 Range $120.21 - $160.07

Q2 2018

Shares 211 Value ($000) $32 Avg Close $125.28 Range $109.19 - $136.18

Q2 2017

Shares 7,785 Value ($000) $947 Avg Close $98.76 Range $93.02 - $105.49

Q1 2017

Shares 14,200 Value ($000) $1,589 Avg Close $97.78 Range $88.22 - $104.69

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	102,500	$29,594	$288.62	$277.08 - $300.79
Q3 2025	70,000	$21,029	$276.03	$252.95 - $299.47
Q2 2025	3,289	$842	$233.06	$198.48 - $255.81
Q1 2025	3,501	$829	$239.35	$222.00 - $264.36
Q4 2024	6,895	$1,618	$248.46	$225.19 - $271.79
Q3 2024	2,390	$594	$233.00	$204.24 - $253.86
Q2 2024	6,294	$1,351	$224.21	$200.19 - $246.91
Q1 2024	2,932	$747	$237.76	$214.83 - $253.85
Q4 2023	29	$7	$200.12	$174.02 - $227.48
Q3 2023	13,638	$2,686	$205.00	$184.44 - $225.83
Q2 2023	4,218	$956	$200.25	$185.68 - $215.05
Q1 2023	8,168	$1,732	$216.72	$184.28 - $242.90
Q4 2022	14,481	$3,568	$220.43	$189.06 - $244.31
Q3 2022	20,776	$4,356	$222.85	$194.58 - $245.30
Q2 2022	5,643	$1,283	$226.47	$202.60 - $262.57
Q3 2021	36,643	$8,767	$233.46	$217.60 - $249.27
Q2 2021	5,587	$1,483	$250.29	$237.13 - $267.99
Q2 2020	4,160	$730	$150.98	$121.35 - $179.10
Q1 2020	53,711	$7,842	$163.63	$100.01 - $194.41
Q4 2019	16,566	$3,216	$165.56	$146.52 - $174.77
Q3 2019	2,495	$448	$161.51	$148.22 - $182.44
Q4 2018	317	$47	$142.35	$120.21 - $160.07
Q2 2018	211	$32	$125.28	$109.19 - $136.18
Q2 2017	7,785	$947	$98.76	$93.02 - $105.49
Q1 2017	14,200	$1,589	$97.78	$88.22 - $104.69