GARCIA ERNEST C. III

The five most recent filings are a clean illustration of the mechanics behind the count. On 2026-07-01, 7,072 shares were disposed under transaction code F (shares withheld to cover a tax liability) at $67.87. A month earlier, 2026-06-01, the same code-F pattern recurred: 7,067 shares at $71.00. On 2026-04-29, two filings landed the same day — an acquisition of 22,412 shares under code A (grant/award) paired with a code-F disposal of 9,268 shares at $396.59 — the standard sequence of an equity award vesting and a portion immediately withheld for taxes, not a discretionary buy or sell decision. A further code-F withholding of 4,537 shares at $312.09 followed on 2026-04-01, and the same monthly rhythm appears in late 2025 (1,229 shares at $375.26 on 2025-12-01; 1,229 shares at $306.54 on 2025-11-01).

The one clear departure from that monthly withholding cadence sits on 2025-10-09, when close to twenty separate small sales — individually ranging from 15 to 215 shares — printed in succession at prices stepping down from $362.00 to $353.43. Bundled into a single reporting date at that granularity, it reads as one block sale executed and reported in small increments rather than twenty independent trading decisions.