NORTHERN DYNASTY MINERALS LT

Ticker: NAK CUSIP: 66510M204 Class: Equities

MORGAN STANLEY's Holding History (CIK: 0000895421)

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

Q4 2025

Shares 35,483 Value ($000) $70 Avg Close $1.93 Range $1.13 - $2.98

Q3 2025

Shares 39,585 Value ($000) $48 Avg Close $1.07 Range $0.73 - $2.40

Q2 2025

Shares 140,674 Value ($000) $189 Avg Close $1.12 Range $0.79 - $1.59

Q1 2025

Shares 71,947 Value ($000) $83 Avg Close $0.73 Range $0.55 - $1.29

Q4 2024

Shares 123,653 Value ($000) $72 Avg Close $0.45 Range $0.30 - $0.58

Q3 2024

Shares 85,937 Value ($000) $28 Avg Close $0.35 Range $0.29 - $0.42

Q2 2024

Shares 80,158 Value ($000) $25 Avg Close $0.30 Range $0.27 - $0.37

Q1 2024

Shares 89,156 Value ($000) $28 Avg Close $0.28 Range $0.23 - $0.42

Q4 2023

Shares 109,456 Value ($000) $35 Avg Close $0.33 Range $0.29 - $0.41

Q3 2023

Shares 116,723 Value ($000) $38 Avg Close $0.28 Range $0.23 - $0.43

Q2 2023

Shares 116,873 Value ($000) $28 Avg Close $0.23 Range $0.21 - $0.29

Q1 2023

Shares 113,573 Value ($000) $27 Avg Close $0.23 Range $0.21 - $0.27

Q4 2022

Shares 82,358 Value ($000) $18 Avg Close $0.24 Range $0.21 - $0.28

Q3 2022

Shares 57,512 Value ($000) $14 Avg Close $0.28 Range $0.23 - $0.36

Q2 2022

Shares 65,120 Value ($000) $18 Avg Close $0.33 Range $0.25 - $0.46

Q1 2022

Shares 67,212 Value ($000) $28 Avg Close $0.35 Range $0.29 - $0.51

Q4 2021

Shares 86,530 Value ($000) $28 Avg Close $0.40 Range $0.32 - $0.54

Q3 2021

Shares 155,365 Value ($000) $71 Avg Close $0.44 Range $0.37 - $0.62

Q2 2021

Shares 37,674 Value ($000) $18 Avg Close $0.56 Range $0.47 - $0.70

Q1 2021

Shares 62,554 Value ($000) $40 Avg Close $0.65 Range $0.32 - $1.15

Q4 2020

Shares 64,725 Value ($000) $21 Avg Close $0.72 Range $0.31 - $1.26

Q3 2020

Shares 137,340 Value ($000) $134 Avg Close $1.37 Range $0.58 - $2.49

Q2 2020

Shares 55,042 Value ($000) $79 Avg Close $0.93 Range $0.38 - $1.53

Q1 2020

Shares 29,749 Value ($000) $12 Avg Close $0.47 Range $0.35 - $0.71

Q4 2019

Shares 3,479,137 Value ($000) $1,490 Avg Close $0.52 Range $0.38 - $0.66

Q3 2019

Shares 3,648,714 Value ($000) $2,144 Avg Close $0.64 Range $0.46 - $0.95

Q2 2019

Shares 1,542,862 Value ($000) $929 Avg Close $0.52 Range $0.41 - $0.66

Q1 2019

Shares 1,496,533 Value ($000) $901 Avg Close $0.78 Range $0.57 - $1.12

Q4 2018

Shares 1,528,475 Value ($000) $870 Avg Close $0.60 Range $0.43 - $0.84

Q3 2018

Shares 1,637,740 Value ($000) $917 Avg Close $0.54 Range $0.48 - $0.68

Q2 2018

Shares 1,654,292 Value ($000) $896 Avg Close $0.72 Range $0.43 - $1.00

Q1 2018

Shares 1,714,512 Value ($000) $1,553 Avg Close $1.20 Range $0.81 - $1.86

Q4 2017

Shares 1,770,733 Value ($000) $3,135 Avg Close $1.98 Range $1.63 - $2.34

Q3 2017

Shares 1,830,443 Value ($000) $3,294 Avg Close $1.58 Range $1.21 - $1.99

Q2 2017

Shares 201,943 Value ($000) $281 Avg Close $1.60 Range $1.21 - $2.42

Q1 2017

Shares 67,510 Value ($000) $96 Avg Close $2.05 Range $1.06 - $3.45

Q4 2016

Shares 4,700 Value ($000) $10 Avg Close $1.16 Range $0.54 - $2.50

Q3 2016

Shares 6,100 Value ($000) $5 Avg Close $0.68 Range $0.30 - $1.16

Q2 2016

Shares 18,930 Value ($000) $6 Avg Close $0.35 Range $0.28 - $0.48

Q1 2016

Shares 18,930 Value ($000) $6 Avg Close $0.31 Range $0.20 - $0.39

Q2 2015

Shares 700 Value ($000) $0 Avg Close $0.38 Range $0.30 - $0.45

Q1 2015

Shares 700 Value ($000) $0 Avg Close $0.45 Range $0.36 - $0.72

Q4 2014

Shares 700 Value ($000) $0 Avg Close $0.41 Range $0.32 - $0.59

Q3 2014

Shares 2,800 Value ($000) $2 Avg Close $0.73 Range $0.52 - $0.89

Q2 2014

Shares 3,400 Value ($000) $3 Avg Close $0.79 Range $0.61 - $1.01

Q1 2014

Shares 3,700 Value ($000) $4 Avg Close $1.24 Range $0.80 - $1.70

Q4 2013

Shares 7,700 Value ($000) $10 Avg Close $1.33 Range $1.00 - $1.93

Q3 2013

Shares 10,300 Value ($000) $15 Avg Close $2.08 Range $1.31 - $2.73

Q2 2013

Shares 15,262 Value ($000) $32 Avg Close $2.48 Range $1.85 - $3.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	35,483	$70	$1.93	$1.13 - $2.98
Q3 2025	39,585	$48	$1.07	$0.73 - $2.40
Q2 2025	140,674	$189	$1.12	$0.79 - $1.59
Q1 2025	71,947	$83	$0.73	$0.55 - $1.29
Q4 2024	123,653	$72	$0.45	$0.30 - $0.58
Q3 2024	85,937	$28	$0.35	$0.29 - $0.42
Q2 2024	80,158	$25	$0.30	$0.27 - $0.37
Q1 2024	89,156	$28	$0.28	$0.23 - $0.42
Q4 2023	109,456	$35	$0.33	$0.29 - $0.41
Q3 2023	116,723	$38	$0.28	$0.23 - $0.43
Q2 2023	116,873	$28	$0.23	$0.21 - $0.29
Q1 2023	113,573	$27	$0.23	$0.21 - $0.27
Q4 2022	82,358	$18	$0.24	$0.21 - $0.28
Q3 2022	57,512	$14	$0.28	$0.23 - $0.36
Q2 2022	65,120	$18	$0.33	$0.25 - $0.46
Q1 2022	67,212	$28	$0.35	$0.29 - $0.51
Q4 2021	86,530	$28	$0.40	$0.32 - $0.54
Q3 2021	155,365	$71	$0.44	$0.37 - $0.62
Q2 2021	37,674	$18	$0.56	$0.47 - $0.70
Q1 2021	62,554	$40	$0.65	$0.32 - $1.15
Q4 2020	64,725	$21	$0.72	$0.31 - $1.26
Q3 2020	137,340	$134	$1.37	$0.58 - $2.49
Q2 2020	55,042	$79	$0.93	$0.38 - $1.53
Q1 2020	29,749	$12	$0.47	$0.35 - $0.71
Q4 2019	3,479,137	$1,490	$0.52	$0.38 - $0.66
Q3 2019	3,648,714	$2,144	$0.64	$0.46 - $0.95
Q2 2019	1,542,862	$929	$0.52	$0.41 - $0.66
Q1 2019	1,496,533	$901	$0.78	$0.57 - $1.12
Q4 2018	1,528,475	$870	$0.60	$0.43 - $0.84
Q3 2018	1,637,740	$917	$0.54	$0.48 - $0.68
Q2 2018	1,654,292	$896	$0.72	$0.43 - $1.00
Q1 2018	1,714,512	$1,553	$1.20	$0.81 - $1.86
Q4 2017	1,770,733	$3,135	$1.98	$1.63 - $2.34
Q3 2017	1,830,443	$3,294	$1.58	$1.21 - $1.99
Q2 2017	201,943	$281	$1.60	$1.21 - $2.42
Q1 2017	67,510	$96	$2.05	$1.06 - $3.45
Q4 2016	4,700	$10	$1.16	$0.54 - $2.50
Q3 2016	6,100	$5	$0.68	$0.30 - $1.16
Q2 2016	18,930	$6	$0.35	$0.28 - $0.48
Q1 2016	18,930	$6	$0.31	$0.20 - $0.39
Q2 2015	700	$0	$0.38	$0.30 - $0.45
Q1 2015	700	$0	$0.45	$0.36 - $0.72
Q4 2014	700	$0	$0.41	$0.32 - $0.59
Q3 2014	2,800	$2	$0.73	$0.52 - $0.89
Q2 2014	3,400	$3	$0.79	$0.61 - $1.01
Q1 2014	3,700	$4	$1.24	$0.80 - $1.70
Q4 2013	7,700	$10	$1.33	$1.00 - $1.93
Q3 2013	10,300	$15	$2.08	$1.31 - $2.73
Q2 2013	15,262	$32	$2.48	$1.85 - $3.17