# EDGAR Filing Document

**Accession Number:** 0000027182
**File Stem:** 0000027182-25-000019
**Filing Date:** 2025-12
**Character Count:** 23571
**Document Hash:** abfb5b2bf59bba2d3ee8ff3fbf8dc5c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000027182-25-000019.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0000027182-25-000019

**CONFORMED SUBMISSION TYPE**: MA-A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251205

**DATE AS OF CHANGE**: 20251230

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** D.A. DAVIDSON & CO.
- **CENTRAL INDEX KEY:** 0000027182

**ORGANIZATION NAME:**
- **EIN:** 810139474
- **STATE OF INCORPORATION:** MT
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** MA-A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 867-01235
- **FILM NUMBER:** 251613374

**BUSINESS ADDRESS:**
- **STREET 1:** 8 THIRD STREET NORTH
- **CITY:** GREAT FALLS
- **STATE:** MT
- **ZIP:** 59401-3104
- **BUSINESS PHONE:** 303-764-5743

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 5015
- **CITY:** GREAT FALLS
- **STATE:** MT
- **ZIP:** 59403-5015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** D A DAVIDSON & CO                                       /BD
- **DATE OF NAME CHANGE:** 20020308

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DAVIDSON D A & CO /MT/
- **DATE OF NAME CHANGE:** 19980417

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DAVIDSON D A & CO
- **DATE OF NAME CHANGE:** 19950206

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM MA: UNIFORM APPLICATION FOR MUNICIPAL ADVISOR REGISTRATION

### Filer and Contact Information

**Filer CIK:** 0000027182

**Filer CCC:** XXXXXXXX

**Contact Name:** Janet Smith

**Contact Phone:** 208-388-4237

**Contact Email:** jsmith@dadco.com

### Type of Filing

**Selected Filing Type:** Annual Update

### Item 1: Identifying Information

**A. Full Legal Name of the Firm:** D.A. DAVIDSON & CO.

**&nbsp;&nbsp;&nbsp;Organization CRD No.:** 199

**&nbsp;&nbsp;&nbsp;Is applicant a Sole Proprietor?:** No

**&nbsp;&nbsp;&nbsp;Has the municipal legal name changed since the last filing?:** No

**&nbsp;&nbsp;&nbsp;Has the applicant had any previous DBA names?:** No

**&nbsp;&nbsp;&nbsp;Does the applicant have any additional DBA names?:** No

**C. IRS Employer Identification Number:** 81-0139474

**D. Registrations:**

- **Municipal Advisor (Temporary):** SEC File No: 866-00093-00

- **Municipal Advisor:** SEC File No: 867-01235

- **Broker-Dealer:** SEC File No: 008-02399, CRD No: 199

- **SEC-Registered Investment Adviser:** SEC File No: 801-45761, CRD No: 199

**E. Principal Office and Place of Business:** 8 THIRD STREET NORTH, GREAT FALLS, MT, 59401-3104

**Telephone Number:** 406-727-4200

**Additional Offices of Employment:**

- **Office #1 (Add):** 1550 Market Street, Suite 300, Denver, CO, 80202 | Phone: 303-764-6000

- **Office #2 (Add):** 450 Regency Parkway, Suite 400, Omaha, NE, 68114 | Phone: 402-397-5777

- **Office #3 (Add):** 757 Third Ave., Suite 1902, New York, NY, 10017 | Phone: 714-850-8339

- **Office #4 (Add):** 2901 Douglas Blvd, Suite 255, Roseville, CA, 85661 | Phone: 916-788-7246

- **Office #5 (NewAdd):** 800 W 47th St, Suite 512, Kansas City, MO, 64112 | Phone: 800-206-0634

**Mailing Address is Different from Principal Office:** Yes

**Mailing Address:** P.O. BOX 5015, GREAT FALLS, MT, 59403-5015

**F. Website:** www.dadavidson.com

**G. Chief Compliance Officer (CCO):**

**Name:** Jared Curtis McCubbin

**Titles:** Senior Vice President, Chief Compliance Officer

**Address:** 1550 Market Street, Suite 300, Denver, CO, 80202

**Phone Number:** 303-764-6020

**Email:** CMcCubbin@dadco.com

**H. Business Affiliates:**

- **Name:** Davidson Investment Advisors, Inc.

  - **Issuing Agency:** Securites and Exchange Commission

  - **Jurisdiction:** 

- **Name:** D.A. Davidson Trust Company

  - **Issuing Agency:** Office of the Comptroller of Currency

  - **Jurisdiction:** 

- **Name:** D.A. Davidson Companies

- **Name:** D.A. Davidson Trust Services, Inc.

  - **Issuing Agency:** New Hampshire Banking Department

  - **Jurisdiction:** NH

**I. Location of Books and Records:** Yes

### Item 2: Form of Organization

**A. Applicant's form of organization:** Corporation

**B. Month of Applicant's Annual Fiscal Year End:** September

**C. State, Other U.S. Jurisdiction, or Foreign Jurisdiction Under Which Applicant is Organized:** MT

**D. Date of Organization:** 05-01-1935

**E. Is the applicant a public reporting company?:** No

### Item 3: Successions

**Is the applicant succeeding to the business of a registered municipal advisor?** No

### Item 4: Information About Applicant's Business

**A. Number of Employees:** 1191

**B. Municipal Advisory Activities - Employees:** 54

**C. Registered Representatives - MAA Employees also registered reps of a broker-dealer:** 54

**&nbsp;&nbsp;&nbsp;MAA Employees also associated with an investment adviser:** 0

**D. Public Relations Company?:** No

**E. Soliciting on Behalf of an Affiliate - Number of firms:** 0

**F. Types of Clients - Number of clients served as municipal advisor:** 185

**&nbsp;&nbsp;&nbsp;Types of Clients:** Municipal Entities, Non-profit organizations, Corporations or other businesses, Other

**G. Solicitation of Municipal Entities and Obligated Persons - Municipal Entities:** 0

**&nbsp;&nbsp;&nbsp;Obligated Persons:** 0

**&nbsp;&nbsp;&nbsp;Total Solicited:** 0

**H. Types of Persons Solicited:** 
Not Applicable
, Not Applicable

**I. Compensation Arrangements (Municipal Advisory):** 
Hourly Charges
Fixed Fees
Contingent Fees
, Hourly Charges, Fixed Fees, Contingent Fees

**J. Compensation Arrangements (Solicitation):** 
Not Applicable
, Not Applicable

**K. Does the applicant receive compensation in the context of its municipal advisory business from other than its municipal entity or obligated person clients?:** No

**L. Applicant Business Relating to Municipal Securities:** Advice Insurance Of MS, Advice Investment Of Proceeds MS, Advice ME Investments, Advice ME Other Investments, Advice Guaranteed IC, Advice On Selection, Brokerage Of MEI

### Item 5: Other Business Activities

- **Broker-Dealer:** Actively Engaged: Yes, Primary Business: Yes

- **Insurance:** Actively Engaged: Yes, Primary Business: —

- **Investment Advisor:** Actively Engaged: Yes, Primary Business: Yes

**Is applicant engaged in any other non-municipal advisor business?** No

### Item 6: Financial Industry and Other Activities of Associated Persons

**Types of associated persons:** Broker-dealer municipal securities dealer or government securities broker or dealer, Investment Adviser, Trust Company, Trust Company, Investment Adviser, Trust Company

**Total Associated Persons:** 3

### Item 7: Participation or Interest in Client Transactions

- **Buy or sell municipal securities from or to municipal advisory clients for the firm's own account?:** No

- **Buy or sell municipal securities from or to third-parties on behalf of clients?:** No

- **Enter into derivatives transactions with clients for the firm's own account?:** No

- **Recommend to clients to buy/sell securities in which the firm has a financial interest?:** No

- **Recommend to clients products/services of an affiliated person?:** Yes

- **Recommend to clients securities of an issuer with which the firm has other relationships?:** No

- **Have discretionary authority to buy/sell municipal securities for clients?:** Yes

- **Have discretionary authority to buy/sell any other securities or investments for clients?:** Yes

- **Have discretionary authority to determine the broker-dealer to be used for client transactions?:** Yes

- **Have discretionary authority to determine the commission paid to a broker-dealer?:** Yes

- **Recommend broker-dealers to clients?:** Yes

- **&nbsp;&nbsp;&nbsp;If yes, are any of these broker-dealers an associated person of the applicant?:** Yes

- **Compensate any person for client referrals?:** No

- **Receive compensation from any person for client referrals?:** No

### Item 8: Owners, Officers, and Other Control Persons

**A. (2) Does any person not named in Item 1-A or Schedules A, B, or C, directly or indirectly, control the applicant's management or policies?** No

**B. (1) Is any person in Schedule A, B, or C, or in Section 8-A of Schedule D a public reporting company?** No

### Item 9: Disclosure Information

**Criminal Disclosure:**

- **Applicant/Advisory Affiliate Convicted/Pled Guilty to Felony?:** No

- **Applicant/Advisory Affiliate Charged with Felony?:** No

- **Organization Convicted/Pled Guilty to Felony?:** No

- **Organization Charged with Felony?:** No

**Regulatory Disclosure:**

- **SEC/CFTC Found False Statement?:** Yes

- **SEC/CFTC Found Violation?:** Yes

- **SEC/CFTC Found Cause of Denial/Suspension?:** No

- **SEC/CFTC Entered Order?:** Yes

- **SEC/CFTC Imposed Civil Penalty?:** Yes

- **SRO Found Unethical Conduct?:** No

- **SRO Found Violation?:** Yes

- **SRO Found Cause of Denial/Suspension?:** No

- **SRO Barred/Suspended/Fined > $2,500?:** Yes

- **SRO Denied/Suspended/Revoked Registration?:** No

- **Foreign Authority Found False Statement?:** No

- **Foreign Authority Found Violation?:** Yes

- **Foreign Authority Found Cause of Suspension?:** No

- **Foreign Authority Disciplined?:** No

- **Authorization to Act as Attorney/Accountant Revoked?:** No

- **Subject of a Regulatory Complaint?:** No

**Civil Disclosure:**

- **Enjoined in Connection with Municipal Advisory Activity?:** No

- **Found to Have Violated Regulations?:** No

- **Civil Proceeding Dismissed Pursuant to Settlement?:** No

- **Named in Civil Proceeding Alleging Violation?:** No

### Item 10: Small Businesses

**Does the applicant have annual receipts of less than $7,000,000?** No

**Is the applicant affiliated with a person that has annual receipts of more than $7,000,000?** Yes

### Schedule A: Direct Owners and Executive Officers

| Name                    | Title/Status                                                              | Date Acquired   | Ownership Code    | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|
| D.A. Davidson Companies | Financial Holding Company                                                 | 05-01-1986      | E - 75% or more   | Yes               | 81-0439153   |  |
| Lawrence Todd Martinez  | Chairman and Chief Executive Officer of D.A. Davidson Companies, Director | 02-01-2022      | NA - less than 5% | Yes               |  | 4596308      |
| Michael Joseph Purpura  | President, Wealth Management, Director                                    | 10-01-2014      | NA - less than 5% | Yes               |  | 2095576      |
| Jacqueline Ann Beauprez | Senior Vice President, General Counsel                                    | 06-01-2017      | NA - less than 5% | Yes               |  | 4075012      |
| Marc Russell Dispense   | President, Fixed Income Capital Markets                                   | 03-28-2019      | NA - less than 5% | Yes               |  | 4655410      |
| RORY ADAM MCKINNEY      | PRESIDENT EQUITY CAPITAL MARKETS                                          | 10-01-2022      | NA - less than 5% | Yes               |  | 4735577      |
| Jared Curtis McCubbin   | SVP, Chief Compliance Officer                                             | 01-09-2023      | NA - less than 5% | Yes               |  | 4969077      |
| James Lee Cronk         | Principal Operation Officer                                               | 02-01-2024      | NA - less than 5% | Yes               |  | 1104799      |
| Justine Milne Zadick    | Principal Financial Officer                                               | 02-24-2025      | NA - less than 5% | Yes               |  | 6452559      |

### Schedule B: Indirect Owners

| Owning Entity                           | Name                                    | Title/Status   | Date Acquired   | Ownership Code            | Control Person?   | IRS Number   |
|:---|:---|:---|:---|:---|:---|:---|
| Employee Stock Ownership Plan and Trust | D.A. Davidson Trust Company             | Trustee        | 09-01-2001      | C - 25% but less than 50% | No                | 81-0330104   |
| D.A. Davidson Companies                 | Employee Stock Ownership Plan and Trust | Shareholder    | 09-01-2001      | C - 25% but less than 50% | No                | 81-6032703   |

### Schedule C: Amendments to Schedules A and B

| Type   | Ownership   | Owning Entity                           | Name                                    | Title/Status                                                              | Date Acquired   | Ownership Code            | Control Person?   | IRS Number   | CRD Number   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Direct      |  | D.A. Davidson Companies                 | Financial Holding Company                                                 | 05-01-1986      | E - 75% or more           | Yes               | 81-0439153   |  |
|  | Indirect    | Employee Stock Ownership Plan and Trust | D.A. Davidson Trust Company             | Trustee                                                                   | 09-01-2001      | C - 25% but less than 50% | No                | 81-0330104   |  |
|  | Indirect    | D.A. Davidson Companies                 | Employee Stock Ownership Plan and Trust | Shareholder                                                               | 09-01-2001      | C - 25% but less than 50% | No                | 81-6032703   |  |
|  | Direct      |  | Lawrence Todd Martinez                  | Chairman and Chief Executive Officer of D.A. Davidson Companies, Director | 02-01-2022      | NA - less than 5%         | Yes               |  | 4596308      |
|  | Direct      |  | Michael Joseph Purpura                  | President, Wealth Management, Director                                    | 10-01-2014      | NA - less than 5%         | Yes               |  | 2095576      |
|  | Direct      |  | Jacqueline Ann Beauprez                 | Senior Vice President, General Counsel                                    | 06-01-2017      | NA - less than 5%         | Yes               |  | 4075012      |
|  | Direct      |  | Marc Russell Dispense                   | President, Fixed Income Capital Markets                                   | 03-28-2019      | NA - less than 5%         | Yes               |  | 4655410      |
|  | Direct      |  | RORY ADAM MCKINNEY                      | PRESIDENT EQUITY CAPITAL MARKETS                                          | 10-01-2022      | NA - less than 5%         | Yes               |  | 4735577      |
|  | Direct      |  | Jared Curtis McCubbin                   | SVP, Chief Compliance Officer                                             | 01-09-2023      | NA - less than 5%         | Yes               |  | 4969077      |
|  | Direct      |  | James Lee Cronk                         | Principal Operation Officer                                               | 02-01-2024      | NA - less than 5%         | Yes               |  | 1104799      |
|  | Direct      |  | Justine Milne Zadick                    | Principal Financial Officer                                               | 02-24-2025      | NA - less than 5%         | Yes               |  | 6452559      |

### Disclosure Reporting Pages (DRPs)

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684786

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684785

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684783

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684782

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684779

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684778

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684772

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684769

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684765

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684764

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684763

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684762

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684761

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684760

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684759

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684757

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1684756

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1620965

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1600906

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1480009

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1450767

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

  - **Associated Person:** —

  - **CRD Number:** 199

  - **Filed On (AP):** Form ADV/BD/U4 for D.A. Davidson & Co.

  - **Disclosure Number:** 1233821

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1205087

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 595027

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 321467

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 134770

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 101999

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 101998

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1719082

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1769149

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1848275

**Regulatory DRP for: Applicant (Responding to Questions: 9-G)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1848602

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1864374

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5)**

**Regulatory DRP for: Applicant (Responding to Questions: 9-D1, 9-D2, 9-D4)**

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

**Regulatory DRP for: Applicant (Responding to Questions: 9-C2, 9-C4, 9-C5)**

**Regulatory DRP for: Applicant (Responding to Questions: 9-D2, 9-D4)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 1993061

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. DAvidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 2003446

**Regulatory DRP for: Applicant (Responding to Questions: 9-C1, 9-C2, 9-C4, 9-C5)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 2020144

**Regulatory DRP for: Applicant (Responding to Questions: 9-C1, 9-C2, 9-C4, 9-C5)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 2023076

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 2054488

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. Davidson & Co.

- **CRD Number:** 199

- **Disclosure Number:** 2077074

**Regulatory DRP for: Applicant (Responding to Questions: 9-E2)**

- **Filed On (Applicant):** Form ADV/BD/U4 for D.A. DAVIDSON & CO.

- **CRD Number:** 199

- **Disclosure Number:** 2219455

### Execution Page

**Signature:** Marc Dispense

**Signer Name:** Marc Dispense

**Title:** President, Fixed Income Capital Markets

**Date:** 12-05-2025

**CRD Number:** 4655410