NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

Cheviot Value Management, LLC's Holding History (CIK: 0001427147)

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

Q4 2025

Shares 1,535 Value ($000) $437 Avg Close $288.62 Range $277.08 - $300.79

Q3 2025

Shares 1,535 Value ($000) $430 Avg Close $276.03 Range $252.95 - $299.47

Q2 2025

Shares 1,535 Value ($000) $430 Avg Close $233.06 Range $198.48 - $255.81

Q1 2025

Shares 1,535 Value ($000) $341 Avg Close $239.35 Range $222.00 - $264.36

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,535	$437	$288.62	$277.08 - $300.79
Q3 2025	1,535	$430	$276.03	$252.95 - $299.47
Q2 2025	1,535	$430	$233.06	$198.48 - $255.81
Q1 2025	1,535	$341	$239.35	$222.00 - $264.36