PIPER SANDLER COMPANIES

Ticker: PIPR CUSIP: 724078100 Class: EQTY

Itau Unibanco Holding S.A.'s Holding History (CIK: 0001132597)

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

Q4 2019

Shares 168 Value ($000) $13 Avg Close $77.47 Range $68.93 - $82.55

Q2 2019

Shares 5,930 Value ($000) $440 Avg Close $75.59 Range $70.01 - $82.52

Q4 2016

Shares 130 Value ($000) $9 Avg Close $63.14 Range $47.72 - $77.80

Q3 2016

Shares 260 Value ($000) $13 Avg Close $43.55 Range $36.80 - $48.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	168	$13	$77.47	$68.93 - $82.55
Q2 2019	5,930	$440	$75.59	$70.01 - $82.52
Q4 2016	130	$9	$63.14	$47.72 - $77.80
Q3 2016	260	$13	$43.55	$36.80 - $48.70