SOUTHERN FIRST BANCSHARES

Ticker: SFST CUSIP: 842873101 Class: Common Stock

CULLEN/FROST BANKERS, INC.'s Holding History (CIK: 0000039263)

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

Q4 2025

Shares 666 Value ($000) $34 Avg Close $47.95 Range $40.90 - $56.73

Q3 2025

Shares 475 Value ($000) $21 Avg Close $42.72 Range $38.30 - $46.40

Q2 2025

Shares 469 Value ($000) $18 Avg Close $35.08 Range $29.14 - $39.73

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	666	$34	$47.95	$40.90 - $56.73
Q3 2025	475	$21	$42.72	$38.30 - $46.40
Q2 2025	469	$18	$35.08	$29.14 - $39.73