COPA HOLDINGS SA

Ticker: CPA CUSIP: P31076105 Class: CL A

Empirical Finance, LLC's Holding History (CIK: 0001572838)

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

Q4 2025

Shares 38,850 Value ($000) $4,686 Avg Close $121.26 Range $109.53 - $128.28

Q3 2025

Shares 38,850 Value ($000) $4,616 Avg Close $111.94 Range $103.74 - $121.37

Q2 2025

Shares 38,425 Value ($000) $4,226 Avg Close $95.21 Range $79.18 - $107.80

Q4 2016

Shares 141 Value ($000) $13 Avg Close $70.04 Range $64.19 - $74.78

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	38,850	$4,686	$121.26	$109.53 - $128.28
Q3 2025	38,850	$4,616	$111.94	$103.74 - $121.37
Q2 2025	38,425	$4,226	$95.21	$79.18 - $107.80
Q4 2016	141	$13	$70.04	$64.19 - $74.78