SOUTHWEST AIRLS CO

Ticker: LUV CUSIP: 844741108 Class: COM

BW Gestao de Investimentos Ltda.'s Holding History (CIK: 0001568280)

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

Q4 2025

Shares 223,583 Value ($000) $9,241 Avg Close $34.79 Range $29.13 - $43.35

Q4 2024

Shares 48,500 Value ($000) $1,631 Avg Close $31.07 Range $27.82 - $35.16

Q3 2024

Shares 33,000 Value ($000) $978 Avg Close $26.84 Range $22.82 - $30.80

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	223,583	$9,241	$34.79	$29.13 - $43.35
Q4 2024	48,500	$1,631	$31.07	$27.82 - $35.16
Q3 2024	33,000	$978	$26.84	$22.82 - $30.80