VERIZON COMMUNICATIONS INC

Ticker: VZ CUSIP: 92343V104 Class: COM

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q4 2025

Shares 10,582 Value ($000) $431 Avg Close $40.48 Range $38.39 - $43.34

Q3 2025

Shares 11,324 Value ($000) $498 Avg Close $42.49 Range $40.00 - $44.98

Q2 2025

Shares 12,027 Value ($000) $520 Avg Close $41.82 Range $38.92 - $43.98

Q1 2025

Shares 12,045 Value ($000) $546 Avg Close $39.58 Range $35.79 - $45.09

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	10,582	$431	$40.48	$38.39 - $43.34
Q3 2025	11,324	$498	$42.49	$40.00 - $44.98
Q2 2025	12,027	$520	$41.82	$38.92 - $43.98
Q1 2025	12,045	$546	$39.58	$35.79 - $45.09