PIPER SANDLER COMPANIES

Ticker: PIPR CUSIP: 724078100 Class: EQTY

Arete Wealth Advisors, LLC's Holding History (CIK: 0001600151)

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

Q4 2025

Shares 1,829 Value ($000) $1 Avg Close $337.82 Range $308.86 - $372.75

Q3 2025

Shares 1,636 Value ($000) $1 Avg Close $326.18 Range $274.99 - $374.77

Q2 2025

Shares 1,630 Value ($000) $0 Avg Close $249.18 Range $202.91 - $286.41

Q1 2025

Shares 1,201 Value ($000) $0 Avg Close $286.30 Range $238.37 - $333.09

Q4 2024

Shares 1,250 Value ($000) $0 Avg Close $311.23 Range $278.14 - $351.80

Q3 2024

Shares 1,104 Value ($000) $0 Avg Close $261.59 Range $222.50 - $289.02

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,829	$1	$337.82	$308.86 - $372.75
Q3 2025	1,636	$1	$326.18	$274.99 - $374.77
Q2 2025	1,630	$0	$249.18	$202.91 - $286.41
Q1 2025	1,201	$0	$286.30	$238.37 - $333.09
Q4 2024	1,250	$0	$311.23	$278.14 - $351.80
Q3 2024	1,104	$0	$261.59	$222.50 - $289.02