PIPER SANDLER COMPANIES

Ticker: PIPR CUSIP: 724078100 Class: EQTY

Townsend & Associates, Inc's Holding History (CIK: 0001729359)

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

Q3 2018

Shares 58 Value ($000) $4 Avg Close $76.80 Range $72.60 - $80.70

Q2 2018

Shares 58 Value ($000) $4 Avg Close $78.29 Range $67.75 - $85.80

Q1 2018

Shares 58 Value ($000) $5 Avg Close $88.45 Range $79.85 - $99.80

Q4 2017

Shares 58 Value ($000) $5 Avg Close $72.11 Range $59.20 - $87.45

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	58	$4	$76.80	$72.60 - $80.70
Q2 2018	58	$4	$78.29	$67.75 - $85.80
Q1 2018	58	$5	$88.45	$79.85 - $99.80
Q4 2017	58	$5	$72.11	$59.20 - $87.45