UNITED GUARDIAN INC

Ticker: UG CUSIP: 910571108 Class: COM

FIRST MANHATTAN CO. LLC.'s Holding History (CIK: 0000728083)

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

Q4 2025

Shares 17,062 Value ($000) $105 Avg Close $6.61 Range $5.58 - $8.09

Q3 2025

Shares 17,062 Value ($000) $134 Avg Close $8.23 Range $7.58 - $9.88

Q2 2025

Shares 17,062 Value ($000) $136 Avg Close $8.27 Range $7.73 - $9.27

Q1 2025

Shares 17,062 Value ($000) $153 Avg Close $10.29 Range $8.80 - $11.98

Q4 2024

Shares 17,062 Value ($000) $163 Avg Close $11.48 Range $9.00 - $16.00

Q3 2024

Shares 17,062 Value ($000) $271 Avg Close $12.49 Range $8.97 - $16.25

Q2 2024

Shares 17,062 Value ($000) $153 Avg Close $8.57 Range $7.35 - $9.64

Q1 2024

Shares 17,062 Value ($000) $131 Avg Close $8.01 Range $7.02 - $9.37

Q4 2023

Shares 17,062 Value ($000) $123 Avg Close $7.30 Range $5.79 - $8.92

Q3 2023

Shares 17,062 Value ($000) $128 Avg Close $7.79 Range $7.24 - $8.78

Q2 2023

Shares 17,062 Value ($000) $141 Avg Close $9.19 Range $8.15 - $10.25

Q1 2023

Shares 17,062 Value ($000) $160 Avg Close $10.81 Range $9.03 - $12.51

Q4 2022

Shares 17,062 Value ($000) $178 Avg Close $12.02 Range $10.12 - $14.63

Q3 2022

Shares 17,062 Value ($000) $193 Avg Close $14.66 Range $11.32 - $17.00

Q2 2022

Shares 17,062 Value ($000) $255 Avg Close $19.80 Range $14.65 - $26.09

Q1 2022

Shares 17,062 Value ($000) $387 Avg Close $18.65 Range $15.52 - $23.26

Q4 2021

Shares 17,062 Value ($000) $280 Avg Close $15.07 Range $13.68 - $17.79

Q3 2021

Shares 17,062 Value ($000) $242 Avg Close $15.24 Range $13.80 - $16.16

Q2 2021

Shares 17,062 Value ($000) $256 Avg Close $15.45 Range $14.11 - $18.99

Q1 2021

Shares 17,062 Value ($000) $258 Avg Close $14.35 Range $13.69 - $15.74

Q4 2020

Shares 17,062 Value ($000) $245 Avg Close $14.61 Range $13.41 - $16.47

Q3 2020

Shares 17,062 Value ($000) $258 Avg Close $14.94 Range $13.18 - $17.00

Q2 2020

Shares 17,062 Value ($000) $252 Avg Close $14.95 Range $12.50 - $18.30

Q1 2020

Shares 17,062 Value ($000) $246 Avg Close $16.48 Range $10.65 - $20.70

Q4 2019

Shares 17,062 Value ($000) $335 Avg Close $19.19 Range $17.99 - $20.89

Q3 2019

Shares 17,062 Value ($000) $323 Avg Close $19.48 Range $17.74 - $20.50

Q2 2019

Shares 17,062 Value ($000) $320 Avg Close $19.26 Range $18.14 - $20.81

Q1 2019

Shares 17,062 Value ($000) $326 Avg Close $19.59 Range $18.09 - $20.75

Q4 2018

Shares 17,062 Value ($000) $312 Avg Close $17.18 Range $15.51 - $18.70

Q3 2018

Shares 17,062 Value ($000) $275 Avg Close $18.37 Range $16.05 - $19.80

Q2 2018

Shares 17,062 Value ($000) $326 Avg Close $18.47 Range $17.20 - $20.33

Q1 2018

Shares 14,062 Value ($000) $250 Avg Close $18.29 Range $16.11 - $19.70

Q4 2017

Shares 14,062 Value ($000) $260 Avg Close $18.39 Range $15.00 - $21.33

Q3 2017

Shares 14,062 Value ($000) $274 Avg Close $16.52 Range $15.00 - $20.50

Q2 2017

Shares 14,062 Value ($000) $217 Avg Close $14.85 Range $13.75 - $18.05

Q1 2017

Shares 14,062 Value ($000) $208 Avg Close $15.17 Range $14.60 - $16.25

Q4 2016

Shares 14,062 Value ($000) $217 Avg Close $15.48 Range $14.12 - $16.95

Q3 2016

Shares 14,062 Value ($000) $206 Avg Close $15.08 Range $13.52 - $16.97

Q2 2016

Shares 14,062 Value ($000) $225 Avg Close $17.66 Range $15.66 - $21.60

Q1 2016

Shares 14,062 Value ($000) $290 Avg Close $21.26 Range $18.40 - $23.49

Q4 2015

Shares 14,062 Value ($000) $269 Avg Close $18.81 Range $18.01 - $20.92

Q3 2015

Shares 14,062 Value ($000) $253 Avg Close $18.89 Range $17.90 - $21.00

Q2 2015

Shares 14,062 Value ($000) $268 Avg Close $19.81 Range $17.86 - $22.97

Q1 2015

Shares 14,062 Value ($000) $262 Avg Close $19.63 Range $17.55 - $22.55

Q4 2014

Shares 14,062 Value ($000) $278 Avg Close $20.53 Range $18.76 - $23.00

Q3 2014

Shares 14,062 Value ($000) $314 Avg Close $25.06 Range $20.00 - $30.90

Q2 2014

Shares 14,062 Value ($000) $402 Avg Close $30.62 Range $26.66 - $35.25

Q1 2014

Shares 14,062 Value ($000) $411 Avg Close $28.14 Range $26.60 - $29.58

Q4 2013

Shares 14,062 Value ($000) $396 Avg Close $25.82 Range $24.25 - $29.99

Q3 2013

Shares 14,062 Value ($000) $352 Avg Close $26.30 Range $23.80 - $28.44

Q2 2013

Shares 14,062 Value ($000) $390 Avg Close $23.82 Range $19.61 - $28.60

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	17,062	$105	$6.61	$5.58 - $8.09
Q3 2025	17,062	$134	$8.23	$7.58 - $9.88
Q2 2025	17,062	$136	$8.27	$7.73 - $9.27
Q1 2025	17,062	$153	$10.29	$8.80 - $11.98
Q4 2024	17,062	$163	$11.48	$9.00 - $16.00
Q3 2024	17,062	$271	$12.49	$8.97 - $16.25
Q2 2024	17,062	$153	$8.57	$7.35 - $9.64
Q1 2024	17,062	$131	$8.01	$7.02 - $9.37
Q4 2023	17,062	$123	$7.30	$5.79 - $8.92
Q3 2023	17,062	$128	$7.79	$7.24 - $8.78
Q2 2023	17,062	$141	$9.19	$8.15 - $10.25
Q1 2023	17,062	$160	$10.81	$9.03 - $12.51
Q4 2022	17,062	$178	$12.02	$10.12 - $14.63
Q3 2022	17,062	$193	$14.66	$11.32 - $17.00
Q2 2022	17,062	$255	$19.80	$14.65 - $26.09
Q1 2022	17,062	$387	$18.65	$15.52 - $23.26
Q4 2021	17,062	$280	$15.07	$13.68 - $17.79
Q3 2021	17,062	$242	$15.24	$13.80 - $16.16
Q2 2021	17,062	$256	$15.45	$14.11 - $18.99
Q1 2021	17,062	$258	$14.35	$13.69 - $15.74
Q4 2020	17,062	$245	$14.61	$13.41 - $16.47
Q3 2020	17,062	$258	$14.94	$13.18 - $17.00
Q2 2020	17,062	$252	$14.95	$12.50 - $18.30
Q1 2020	17,062	$246	$16.48	$10.65 - $20.70
Q4 2019	17,062	$335	$19.19	$17.99 - $20.89
Q3 2019	17,062	$323	$19.48	$17.74 - $20.50
Q2 2019	17,062	$320	$19.26	$18.14 - $20.81
Q1 2019	17,062	$326	$19.59	$18.09 - $20.75
Q4 2018	17,062	$312	$17.18	$15.51 - $18.70
Q3 2018	17,062	$275	$18.37	$16.05 - $19.80
Q2 2018	17,062	$326	$18.47	$17.20 - $20.33
Q1 2018	14,062	$250	$18.29	$16.11 - $19.70
Q4 2017	14,062	$260	$18.39	$15.00 - $21.33
Q3 2017	14,062	$274	$16.52	$15.00 - $20.50
Q2 2017	14,062	$217	$14.85	$13.75 - $18.05
Q1 2017	14,062	$208	$15.17	$14.60 - $16.25
Q4 2016	14,062	$217	$15.48	$14.12 - $16.95
Q3 2016	14,062	$206	$15.08	$13.52 - $16.97
Q2 2016	14,062	$225	$17.66	$15.66 - $21.60
Q1 2016	14,062	$290	$21.26	$18.40 - $23.49
Q4 2015	14,062	$269	$18.81	$18.01 - $20.92
Q3 2015	14,062	$253	$18.89	$17.90 - $21.00
Q2 2015	14,062	$268	$19.81	$17.86 - $22.97
Q1 2015	14,062	$262	$19.63	$17.55 - $22.55
Q4 2014	14,062	$278	$20.53	$18.76 - $23.00
Q3 2014	14,062	$314	$25.06	$20.00 - $30.90
Q2 2014	14,062	$402	$30.62	$26.66 - $35.25
Q1 2014	14,062	$411	$28.14	$26.60 - $29.58
Q4 2013	14,062	$396	$25.82	$24.25 - $29.99
Q3 2013	14,062	$352	$26.30	$23.80 - $28.44
Q2 2013	14,062	$390	$23.82	$19.61 - $28.60