SUNLANDS TECHNOLOGY GROUP

Ticker: STG CUSIP: 86740P207 Class: ADR

Holders for Q4 2025 Position Changes for Q4 2025

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

Increased Positions (1)

Value ($000) $5 (+95.9%) Shares 855 (+164.7%)

Institution	Prev Shares	Curr Shares	Change
MORGAN STANLEY	323	855	+532 (+164.7%)

Decreased Positions (2)

EverSource Wealth Advisors, LLC

Value ($000) $3 (-59.9%) Shares 492 (-45.8%)

RHUMBLINE ADVISERS

Value ($000) $0 (-50.4%) Shares 41 (-32.8%)

Institution	Prev Shares	Curr Shares	Change
EverSource Wealth Advisors, LLC	908	492	-416 (-45.8%)
RHUMBLINE ADVISERS	61	41	-20 (-32.8%)

Exited Positions (3)

Value ($000) $16 Shares 2,000

Value ($000) $2 Shares 204

OSAIC HOLDINGS, INC.

Value ($000) $0 Shares 3

Institution	Prev Shares	Prev Value ($000)
CITIGROUP INC	2,000	$16
UBS Group AG	204	$2
OSAIC HOLDINGS, INC.	3	$0