UNITED PARCEL SERVICE INC

Ticker: UPS CUSIP: 911312106 Class: CL B

Narwhal Capital Management's Holding History (CIK: 0001461287)

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

Q4 2025

Shares 2,471 Value ($000) $245 Avg Close $92.75 Range $80.60 - $102.89

Q3 2025

Shares 5,477 Value ($000) $457 Avg Close $88.13 Range $80.60 - $102.70

Q2 2025

Shares 6,341 Value ($000) $640 Avg Close $94.10 Range $85.94 - $104.87

Q1 2025

Shares 4,848 Value ($000) $533 Avg Close $112.66 Range $102.36 - $128.18

Q4 2021

Shares 2,297 Value ($000) $492 Avg Close $168.57 Range $146.47 - $182.12

Q3 2021

Shares 2,294 Value ($000) $418 Avg Close $162.74 Range $150.50 - $176.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,471	$245	$92.75	$80.60 - $102.89
Q3 2025	5,477	$457	$88.13	$80.60 - $102.70
Q2 2025	6,341	$640	$94.10	$85.94 - $104.87
Q1 2025	4,848	$533	$112.66	$102.36 - $128.18
Q4 2021	2,297	$492	$168.57	$146.47 - $182.12
Q3 2021	2,294	$418	$162.74	$150.50 - $176.79