UNITED GUARDIAN INC

Ticker: UG CUSIP: 910571108 Class: COM

PARTHENON LLC's Holding History (CIK: 0001088859)

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

Q4 2025

Shares 50,636 Value ($000) $312 Avg Close $6.61 Range $5.58 - $8.09

Q3 2025

Shares 50,909 Value ($000) $400 Avg Close $8.23 Range $7.58 - $9.88

Q2 2025

Shares 51,909 Value ($000) $415 Avg Close $8.27 Range $7.73 - $9.27

Q1 2025

Shares 51,909 Value ($000) $467 Avg Close $10.29 Range $8.80 - $11.98

Q4 2024

Shares 51,909 Value ($000) $496 Avg Close $11.48 Range $9.00 - $16.00

Q3 2024

Shares 51,909 Value ($000) $824 Avg Close $12.49 Range $8.97 - $16.25

Q2 2024

Shares 53,009 Value ($000) $474 Avg Close $8.57 Range $7.35 - $9.64

Q1 2024

Shares 53,009 Value ($000) $406 Avg Close $8.01 Range $7.02 - $9.37

Q4 2023

Shares 53,009 Value ($000) $382 Avg Close $7.30 Range $5.79 - $8.92

Q3 2023

Shares 53,009 Value ($000) $399 Avg Close $7.79 Range $7.24 - $8.78

Q2 2023

Shares 53,009 Value ($000) $438 Avg Close $9.19 Range $8.15 - $10.25

Q1 2023

Shares 53,009 Value ($000) $498 Avg Close $10.81 Range $9.03 - $12.51

Q4 2022

Shares 53,009 Value ($000) $553 Avg Close $12.02 Range $10.12 - $14.63

Q3 2022

Shares 53,009 Value ($000) $602 Avg Close $14.66 Range $11.32 - $17.00

Q2 2022

Shares 53,009 Value ($000) $795 Avg Close $19.80 Range $14.65 - $26.09

Q1 2022

Shares 70,495 Value ($000) $1,603 Avg Close $18.65 Range $15.52 - $23.26

Q4 2021

Shares 71,274 Value ($000) $1,172 Avg Close $15.07 Range $13.68 - $17.79

Q3 2021

Shares 71,274 Value ($000) $1,012 Avg Close $15.24 Range $13.80 - $16.16

Q2 2021

Shares 71,274 Value ($000) $1,070 Avg Close $15.45 Range $14.11 - $18.99

Q1 2021

Shares 71,274 Value ($000) $1,080 Avg Close $14.35 Range $13.69 - $15.74

Q4 2020

Shares 71,274 Value ($000) $1,025 Avg Close $14.61 Range $13.41 - $16.47

Q3 2020

Shares 71,274 Value ($000) $1,080 Avg Close $14.94 Range $13.18 - $17.00

Q2 2020

Shares 71,274 Value ($000) $1,056 Avg Close $14.95 Range $12.50 - $18.30

Q1 2020

Shares 71,274 Value ($000) $1,030 Avg Close $16.48 Range $10.65 - $20.70

Q4 2019

Shares 71,274 Value ($000) $1,401 Avg Close $19.19 Range $17.99 - $20.89

Q3 2019

Shares 71,274 Value ($000) $1,351 Avg Close $19.48 Range $17.74 - $20.50

Q2 2019

Shares 71,274 Value ($000) $1,340 Avg Close $19.26 Range $18.14 - $20.81

Q1 2019

Shares 100,354 Value ($000) $1,922 Avg Close $19.59 Range $18.09 - $20.75

Q4 2018

Shares 101,872 Value ($000) $1,868 Avg Close $17.18 Range $15.51 - $18.70

Q3 2018

Shares 101,872 Value ($000) $1,645 Avg Close $18.37 Range $16.05 - $19.80

Q2 2018

Shares 101,873 Value ($000) $1,951 Avg Close $18.47 Range $17.20 - $20.33

Q1 2018

Shares 110,937 Value ($000) $1,973 Avg Close $18.29 Range $16.11 - $19.70

Q4 2017

Shares 110,937 Value ($000) $2,052 Avg Close $18.39 Range $15.00 - $21.33

Q3 2017

Shares 111,547 Value ($000) $2,175 Avg Close $16.52 Range $15.00 - $20.50

Q2 2017

Shares 111,547 Value ($000) $1,724 Avg Close $14.85 Range $13.75 - $18.05

Q1 2017

Shares 114,547 Value ($000) $1,701 Avg Close $15.17 Range $14.60 - $16.25

Q4 2016

Shares 99,258 Value ($000) $1,538 Avg Close $15.48 Range $14.12 - $16.95

Q3 2016

Shares 89,064 Value ($000) $1,306 Avg Close $15.08 Range $13.52 - $16.97

Q2 2016

Shares 82,542 Value ($000) $1,326 Avg Close $17.66 Range $15.66 - $21.60

Q1 2016

Shares 82,842 Value ($000) $1,712 Avg Close $21.26 Range $18.40 - $23.49

Q4 2015

Shares 83,336 Value ($000) $1,596 Avg Close $18.81 Range $18.01 - $20.92

Q3 2015

Shares 82,201 Value ($000) $1,481 Avg Close $18.89 Range $17.90 - $21.00

Q2 2015

Shares 74,110 Value ($000) $1,416 Avg Close $19.81 Range $17.86 - $22.97

Q1 2015

Shares 56,256 Value ($000) $1,049 Avg Close $19.63 Range $17.55 - $22.55

Q4 2014

Shares 27,583 Value ($000) $547 Avg Close $20.53 Range $18.76 - $23.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	50,636	$312	$6.61	$5.58 - $8.09
Q3 2025	50,909	$400	$8.23	$7.58 - $9.88
Q2 2025	51,909	$415	$8.27	$7.73 - $9.27
Q1 2025	51,909	$467	$10.29	$8.80 - $11.98
Q4 2024	51,909	$496	$11.48	$9.00 - $16.00
Q3 2024	51,909	$824	$12.49	$8.97 - $16.25
Q2 2024	53,009	$474	$8.57	$7.35 - $9.64
Q1 2024	53,009	$406	$8.01	$7.02 - $9.37
Q4 2023	53,009	$382	$7.30	$5.79 - $8.92
Q3 2023	53,009	$399	$7.79	$7.24 - $8.78
Q2 2023	53,009	$438	$9.19	$8.15 - $10.25
Q1 2023	53,009	$498	$10.81	$9.03 - $12.51
Q4 2022	53,009	$553	$12.02	$10.12 - $14.63
Q3 2022	53,009	$602	$14.66	$11.32 - $17.00
Q2 2022	53,009	$795	$19.80	$14.65 - $26.09
Q1 2022	70,495	$1,603	$18.65	$15.52 - $23.26
Q4 2021	71,274	$1,172	$15.07	$13.68 - $17.79
Q3 2021	71,274	$1,012	$15.24	$13.80 - $16.16
Q2 2021	71,274	$1,070	$15.45	$14.11 - $18.99
Q1 2021	71,274	$1,080	$14.35	$13.69 - $15.74
Q4 2020	71,274	$1,025	$14.61	$13.41 - $16.47
Q3 2020	71,274	$1,080	$14.94	$13.18 - $17.00
Q2 2020	71,274	$1,056	$14.95	$12.50 - $18.30
Q1 2020	71,274	$1,030	$16.48	$10.65 - $20.70
Q4 2019	71,274	$1,401	$19.19	$17.99 - $20.89
Q3 2019	71,274	$1,351	$19.48	$17.74 - $20.50
Q2 2019	71,274	$1,340	$19.26	$18.14 - $20.81
Q1 2019	100,354	$1,922	$19.59	$18.09 - $20.75
Q4 2018	101,872	$1,868	$17.18	$15.51 - $18.70
Q3 2018	101,872	$1,645	$18.37	$16.05 - $19.80
Q2 2018	101,873	$1,951	$18.47	$17.20 - $20.33
Q1 2018	110,937	$1,973	$18.29	$16.11 - $19.70
Q4 2017	110,937	$2,052	$18.39	$15.00 - $21.33
Q3 2017	111,547	$2,175	$16.52	$15.00 - $20.50
Q2 2017	111,547	$1,724	$14.85	$13.75 - $18.05
Q1 2017	114,547	$1,701	$15.17	$14.60 - $16.25
Q4 2016	99,258	$1,538	$15.48	$14.12 - $16.95
Q3 2016	89,064	$1,306	$15.08	$13.52 - $16.97
Q2 2016	82,542	$1,326	$17.66	$15.66 - $21.60
Q1 2016	82,842	$1,712	$21.26	$18.40 - $23.49
Q4 2015	83,336	$1,596	$18.81	$18.01 - $20.92
Q3 2015	82,201	$1,481	$18.89	$17.90 - $21.00
Q2 2015	74,110	$1,416	$19.81	$17.86 - $22.97
Q1 2015	56,256	$1,049	$19.63	$17.55 - $22.55
Q4 2014	27,583	$547	$20.53	$18.76 - $23.00