PIPER SANDLER COMPANIES

Ticker: PIPR CUSIP: 724078100 Class: EQTY

Ethic Inc.'s Holding History (CIK: 0001780570)

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

Q4 2025

Shares 1,270 Value ($000) $432 Avg Close $337.82 Range $308.86 - $372.75

Q3 2025

Shares 1,274 Value ($000) $442 Avg Close $326.18 Range $274.99 - $374.77

Q2 2025

Shares 951 Value ($000) $268 Avg Close $249.18 Range $202.91 - $286.41

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,270	$432	$337.82	$308.86 - $372.75
Q3 2025	1,274	$442	$326.18	$274.99 - $374.77
Q2 2025	951	$268	$249.18	$202.91 - $286.41