PIPER SANDLER COMPANIES

Ticker: PIPR CUSIP: 724078100 Class: EQTY

US BANCORP \DE\'s Holding History (CIK: 0000036104)

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

Q4 2025

Shares 6,633 Value ($000) $2,253 Avg Close $337.82 Range $308.86 - $372.75

Q3 2025

Shares 6,723 Value ($000) $2,333 Avg Close $326.18 Range $274.99 - $374.77

Q2 2025

Shares 6,395 Value ($000) $1,777 Avg Close $249.18 Range $202.91 - $286.41

Q1 2025

Shares 6,397 Value ($000) $1,584 Avg Close $286.30 Range $238.37 - $333.09

Q4 2024

Shares 6,011 Value ($000) $1,803 Avg Close $311.23 Range $278.14 - $351.80

Q3 2024

Shares 7,503 Value ($000) $2,130 Avg Close $261.59 Range $222.50 - $289.02

Q2 2024

Shares 7,032 Value ($000) $1,619 Avg Close $204.96 Range $183.58 - $231.50

Q1 2024

Shares 5,702 Value ($000) $1,132 Avg Close $182.80 Range $162.50 - $200.00

Q4 2023

Shares 6,113 Value ($000) $1,069 Avg Close $152.17 Range $130.89 - $182.87

Q3 2023

Shares 6,317 Value ($000) $918 Avg Close $144.50 Range $124.46 - $154.62

Q2 2023

Shares 8,092 Value ($000) $1,046 Avg Close $132.07 Range $120.97 - $142.72

Q1 2023

Shares 8,235 Value ($000) $1,141 Avg Close $142.52 Range $122.17 - $162.20

Q4 2022

Shares 9,372 Value ($000) $1,220 Avg Close $130.65 Range $104.85 - $150.93

Q3 2022

Shares 8,411 Value ($000) $881 Avg Close $116.47 Range $102.60 - $133.73

Q2 2022

Shares 8,677 Value ($000) $983 Avg Close $120.84 Range $108.66 - $133.73

Q1 2022

Shares 10,645 Value ($000) $1,396 Avg Close $147.34 Range $120.97 - $187.00

Q4 2021

Shares 11,210 Value ($000) $2,001 Avg Close $169.95 Range $137.89 - $193.60

Q3 2021

Shares 12,011 Value ($000) $1,663 Avg Close $133.96 Range $114.64 - $151.04

Q2 2021

Shares 15,169 Value ($000) $1,965 Avg Close $122.50 Range $109.61 - $135.17

Q1 2021

Shares 15,582 Value ($000) $1,709 Avg Close $106.08 Range $90.84 - $124.03

Q4 2020

Shares 15,166 Value ($000) $1,530 Avg Close $90.71 Range $71.64 - $106.17

Q3 2020

Shares 16,377 Value ($000) $1,196 Avg Close $68.20 Range $54.68 - $78.25

Q2 2020

Shares 30,894 Value ($000) $1,827 Avg Close $56.35 Range $46.50 - $72.80

Q1 2020

Shares 20,871 Value ($000) $1,055 Avg Close $71.26 Range $31.95 - $87.45

Q4 2019

Shares 20,238 Value ($000) $1,617 Avg Close $77.47 Range $68.93 - $82.55

Q3 2019

Shares 18,376 Value ($000) $1,387 Avg Close $74.55 Range $69.68 - $79.31

Q2 2019

Shares 18,085 Value ($000) $1,343 Avg Close $75.59 Range $70.01 - $82.52

Q1 2019

Shares 17,563 Value ($000) $1,279 Avg Close $70.94 Range $64.66 - $75.21

Q4 2018

Shares 17,582 Value ($000) $1,158 Avg Close $69.76 Range $61.35 - $78.11

Q3 2018

Shares 21,997 Value ($000) $1,679 Avg Close $76.80 Range $72.60 - $80.70

Q2 2018

Shares 21,746 Value ($000) $1,671 Avg Close $78.29 Range $67.75 - $85.80

Q1 2018

Shares 25,185 Value ($000) $2,092 Avg Close $88.45 Range $79.85 - $99.80

Q4 2017

Shares 24,775 Value ($000) $2,137 Avg Close $72.11 Range $59.20 - $87.45

Q3 2017

Shares 23,164 Value ($000) $1,375 Avg Close $59.02 Range $52.75 - $65.85

Q2 2017

Shares 14,913 Value ($000) $894 Avg Close $60.36 Range $56.55 - $64.10

Q1 2017

Shares 15,008 Value ($000) $958 Avg Close $70.79 Range $61.43 - $81.85

Q4 2016

Shares 14,997 Value ($000) $1,087 Avg Close $63.14 Range $47.72 - $77.80

Q3 2016

Shares 23,145 Value ($000) $1,118 Avg Close $43.55 Range $36.80 - $48.70

Q2 2016

Shares 22,861 Value ($000) $862 Avg Close $42.46 Range $35.36 - $50.15

Q1 2016

Shares 23,063 Value ($000) $1,143 Avg Close $40.50 Range $31.66 - $50.66

Q4 2015

Shares 22,939 Value ($000) $927 Avg Close $38.33 Range $33.17 - $42.95

Q3 2015

Shares 23,046 Value ($000) $834 Avg Close $41.08 Range $35.86 - $46.42

Q2 2015

Shares 24,135 Value ($000) $1,054 Avg Close $49.91 Range $43.24 - $56.57

Q1 2015

Shares 23,769 Value ($000) $1,247 Avg Close $54.32 Range $49.78 - $58.88

Q4 2014

Shares 25,733 Value ($000) $1,495 Avg Close $54.91 Range $44.73 - $59.94

Q3 2014

Shares 25,795 Value ($000) $1,348 Avg Close $53.33 Range $49.24 - $56.91

Q2 2014

Shares 29,456 Value ($000) $1,525 Avg Close $45.02 Range $39.40 - $52.00

Q1 2014

Shares 29,559 Value ($000) $1,353 Avg Close $40.68 Range $36.86 - $45.94

Q4 2013

Shares 30,009 Value ($000) $1,187 Avg Close $36.47 Range $31.76 - $39.75

Q3 2013

Shares 39,048 Value ($000) $1,339 Avg Close $33.69 Range $29.48 - $36.31

Q2 2013

Shares 30,421 Value ($000) $962 Avg Close $33.63 Range $30.44 - $36.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,633	$2,253	$337.82	$308.86 - $372.75
Q3 2025	6,723	$2,333	$326.18	$274.99 - $374.77
Q2 2025	6,395	$1,777	$249.18	$202.91 - $286.41
Q1 2025	6,397	$1,584	$286.30	$238.37 - $333.09
Q4 2024	6,011	$1,803	$311.23	$278.14 - $351.80
Q3 2024	7,503	$2,130	$261.59	$222.50 - $289.02
Q2 2024	7,032	$1,619	$204.96	$183.58 - $231.50
Q1 2024	5,702	$1,132	$182.80	$162.50 - $200.00
Q4 2023	6,113	$1,069	$152.17	$130.89 - $182.87
Q3 2023	6,317	$918	$144.50	$124.46 - $154.62
Q2 2023	8,092	$1,046	$132.07	$120.97 - $142.72
Q1 2023	8,235	$1,141	$142.52	$122.17 - $162.20
Q4 2022	9,372	$1,220	$130.65	$104.85 - $150.93
Q3 2022	8,411	$881	$116.47	$102.60 - $133.73
Q2 2022	8,677	$983	$120.84	$108.66 - $133.73
Q1 2022	10,645	$1,396	$147.34	$120.97 - $187.00
Q4 2021	11,210	$2,001	$169.95	$137.89 - $193.60
Q3 2021	12,011	$1,663	$133.96	$114.64 - $151.04
Q2 2021	15,169	$1,965	$122.50	$109.61 - $135.17
Q1 2021	15,582	$1,709	$106.08	$90.84 - $124.03
Q4 2020	15,166	$1,530	$90.71	$71.64 - $106.17
Q3 2020	16,377	$1,196	$68.20	$54.68 - $78.25
Q2 2020	30,894	$1,827	$56.35	$46.50 - $72.80
Q1 2020	20,871	$1,055	$71.26	$31.95 - $87.45
Q4 2019	20,238	$1,617	$77.47	$68.93 - $82.55
Q3 2019	18,376	$1,387	$74.55	$69.68 - $79.31
Q2 2019	18,085	$1,343	$75.59	$70.01 - $82.52
Q1 2019	17,563	$1,279	$70.94	$64.66 - $75.21
Q4 2018	17,582	$1,158	$69.76	$61.35 - $78.11
Q3 2018	21,997	$1,679	$76.80	$72.60 - $80.70
Q2 2018	21,746	$1,671	$78.29	$67.75 - $85.80
Q1 2018	25,185	$2,092	$88.45	$79.85 - $99.80
Q4 2017	24,775	$2,137	$72.11	$59.20 - $87.45
Q3 2017	23,164	$1,375	$59.02	$52.75 - $65.85
Q2 2017	14,913	$894	$60.36	$56.55 - $64.10
Q1 2017	15,008	$958	$70.79	$61.43 - $81.85
Q4 2016	14,997	$1,087	$63.14	$47.72 - $77.80
Q3 2016	23,145	$1,118	$43.55	$36.80 - $48.70
Q2 2016	22,861	$862	$42.46	$35.36 - $50.15
Q1 2016	23,063	$1,143	$40.50	$31.66 - $50.66
Q4 2015	22,939	$927	$38.33	$33.17 - $42.95
Q3 2015	23,046	$834	$41.08	$35.86 - $46.42
Q2 2015	24,135	$1,054	$49.91	$43.24 - $56.57
Q1 2015	23,769	$1,247	$54.32	$49.78 - $58.88
Q4 2014	25,733	$1,495	$54.91	$44.73 - $59.94
Q3 2014	25,795	$1,348	$53.33	$49.24 - $56.91
Q2 2014	29,456	$1,525	$45.02	$39.40 - $52.00
Q1 2014	29,559	$1,353	$40.68	$36.86 - $45.94
Q4 2013	30,009	$1,187	$36.47	$31.76 - $39.75
Q3 2013	39,048	$1,339	$33.69	$29.48 - $36.31
Q2 2013	30,421	$962	$33.63	$30.44 - $36.59