1.3 APEX Clearing 2026 2 2026-07-31T21:39:51Z 2026 04 100.00 46.90 11.17 34.87 7.06 Virtu Americas, LLC 49.40 80.21 23.57 22.21 19.95 19063.00 17.8581 1731.89 19.8741 2996.78 29.7130 2675.84 14.7058 Apex Clearing Corporation (“APEX”) received payment from Virtu Americas, LLC (“Virtu”) for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders priced over $1 and $0.0030 per share for non-marketable orders priced over $1. APEX received no payment for order flow from Virtu for extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern. For that session, APEX paid Virtu a transaction fee of $0.00045 per share on marketable orders and $0.00015 per share on marketable orders priced less than $1, and received from Virtu a transaction rebate of $0.00340 per share on non-marketable orders and $0.00005 per share on non-marketable orders priced less than $1. These transaction fees and rebates are reported in the quantitative disclosures above.  For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0010 per share for all order types for executions priced over $1.  The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Virtu. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.   CITADEL SECURITIES LLC 27.15 5.15 50.35 49.93 24.08 7775.74 20.0000 2308.90 16.6394 3673.02 27.2572 2296.48 22.6557 Apex Clearing Corporation (“APEX”) received payment from Citadel Securities, LLC ("Citadel") for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders priced over $1 and $0.0030 per share for non-marketable orders priced over $1. APEX received no payment for order flow from Citadel for extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern. For that session, APEX paid Citadel a transaction fee of $0.00045 per share on marketable orders and $0.00015 per share on marketable orders priced less than $1, and received from Citadel a transaction rebate of $0.00340 per share on non-marketable orders and $0.00005 per share on non-marketable orders priced less than $1. These transaction fees and rebates are reported in the quantitative disclosures above.  For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0010 per share for all order types for executions priced over $1. APEX received no payment for order flow from Citadel for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. Citadel  executed APEX's overnight orders without charge to APEX and did not pass any transaction fees or rebates to APEX. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Citadel. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.  Jane Street Capital 11.62 4.93 19.20 17.16 16.70 7105.62 20.0006 1760.43 20.0000 1186.03 29.7320 1917.96 25.8511 Apex Clearing Corporation (“APEX”) received payment from Jane Street Capital (“Jane”)  for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders and $0.0030 per share for non-marketable orders.  For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0010 per share for all order types.    Payment was not received for executions priced less than $1 in any session. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Jane Street. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.  Hudson River Trading (HRT) 3.62 3.99 1.90 2.57 9.07 9138.74 20.0000 2214.18 20.0000 2610.65 30.0000 2314.65 20.0000 Apex Clearing Corporation (“APEX”) received payment from Hudson River Trading (“HRT” ) for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders and $0.0030 per share for non-marketable orders. Payment was not received for executions priced less than $1 in any session. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to HRT. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality 100.00 19.48 26.60 47.77 6.15 CITADEL SECURITIES LLC 40.27 9.54 48.78 49.57 28.51 130366.08 16.2117 320669.23 17.7619 74494.80 23.7080 39611.70 12.4266 Apex Clearing Corporation (“APEX”) received payment from Citadel Securities, LLC ("Citadel") for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders priced over $1. and $0.0030 per share for non-marketable orders priced over $1. APEX received no payment for order flow from Citadel for extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern. For that session, APEX paid Citadel a transaction fee of $0.00045 per share on marketable orders and $0.00015 per share on marketable orders priced less than $1, and received from Citadel a transaction rebate of $0.00340 per share on non-marketable orders and $0.00005 per share on non-marketable orders priced less than $1. These transaction fees and rebates are reported in the quantitative disclosures above.  For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0010 per share for all order types for executions priced over $1. APEX received no payment for order flow from Citadel for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. Citadel  executed APEX's overnight orders without charge to APEX and did not pass any transaction fees or rebates to APEX. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Citadel. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.  Virtu Americas, LLC 27.78 60.68 18.45 19.41 28.93 276286.90 17.9561 251346.98 17.9993 36676.95 21.4204 43989.31 4.8102 Apex Clearing Corporation (“APEX”) received payment from Virtu Americas, LLC (“Virtu”) for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders priced over $1. and $0.0030 per share for non-marketable orders priced over $1. APEX received no payment for order flow from Virtu for extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern. For that session, APEX paid Virtu a transaction fee of $0.00045 per share on marketable orders and $0.00015 per share on marketable orders priced less than $1, and received from Virtu a transaction rebate of $0.00340 per share on non-marketable orders and $0.00005 per share on non-marketable orders priced less than $1. These transaction fees and rebates are reported in the quantitative disclosures above.  For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0010 per share for all order types for executions priced over $1.  The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Virtu. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.   Jane Street Capital 21.49 8.44 25.94 24.33 21.47 123180.79 15.8189 339180.07 18.3635 14386.50 23.0909 25413.81 11.6867 Apex Clearing Corporation (“APEX”) received payment from Jane Street Capital (“Jane”)  for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders and $0.0030 per share for non-marketable orders.  For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0010 per share for all order types.    Payment was not received for executions priced less than $1 in any session. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Jane Street. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.  Hudson River Trading (HRT) 3.66 7.64 1.84 2.28 9.61 150963.75 15.6800 352325.13 18.2235 53048.48 25.1816 28551.95 10.7376 Apex Clearing Corporation (“APEX”) received payment from Hudson River Trading (“HRT”) for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders and $0.0030 per share for non-marketable orders. Payment was not received for executions priced less than $1 in any session. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to HRT. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality 100.00 3.41 9.86 25.92 60.81 Instinet, LLC 19.87 16.00 7.32 6.72 27.73 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Instinet is APEX's order routing technology provider and APEX also routes orders to Instinet brokerage services. All non-directed orders that APEX routed to Instinet were further routed to U.S. securities exchanges, alternative trading centers or single dealer platforms pursuant to Instinet’s order routing arrangements. APEX paid Instinet a technology fee for its order routing provider services which included routes to brokers, and APEX also paid Instinet for exchange fees and ATS fees (as applicable) for orders that Instinet further routed to an exchange or an ATS and received an execution. In certain instances, APEX paid Instinet a brokerage fee for other non-directed orders that resulted in execution on an exchange or ATS. Brokerage fees paid by APEX to Instinet are based upon volume tiers. Instinet rebated to APEX exchange fees and payment that it received from exchanges, ATS’ and single broker platforms. In turn, APEX distributed 100% of the options exchange rebates and other options payments received from Instinet to the applicable APEX client that sent such qualifying, non-directed orders resulting in execution. In turn, APEX distributed the exchange rebates and other payments received to the applicable APEX client that sent such qualifying, non-directed orders resulting in execution. https://www.instinet.com/order-disclosures Dash/IMC Financial Markets 17.39 18.33 21.53 17.83 16.48 19015.04 26.3202 283687.52 27.9288 109734.01 35.5958 127580.32 24.7310 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Dash/IMC Financial Markets ("Dash/IMC"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Wolverine Execution Services, LLC 17.21 5.77 9.71 11.78 21.39 8051.92 31.4823 154417.48 34.1679 82161.00 39.4517 275972.76 60.3558 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Wolverine Execution Services ("WEX"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. CITADEL SECURITIES LLC 16.18 16.31 13.34 18.41 15.68 14265.02 27.3454 278292.05 30.3318 126258.58 39.0948 119529.51 60.6158 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Citadel Securities LLC ("Citadel"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Jane Street Capital 14.56 17.98 18.54 15.19 13.46 21635.72 25.9024 285408.20 28.0277 119541.84 36.4481 140685.60 54.2223 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Jane Street Capital ("JANE"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Global Execution Brokers LP 9.20 18.32 20.86 23.14 0.85 19826.88 31.2687 307591.57 37.3551 137225.94 52.4139 639.57 26.6377 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Global Execution Brokers ("G1X"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Matrix Executions, LLC 5.59 7.30 8.70 6.93 4.41 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Matrix Executions, LLC ("Matrix"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. 2026 05 100.00 13.48 15.27 42.04 29.20 Bruce Markets LLC 27.34 0.00 29.81 29.66 35.32 0.00 0.0000 -228.63 -15.0000 180.47 7.0000 0.00 0.0000 APEX received no payment for order flow from Bruce Markets, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from Bruce Markets in accordance with Bruce Markets's published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to Bruce Markets was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. MOON ATS 26.38 0.00 29.71 28.17 34.23 0.00 0.0000 -48.04 -10.0000 0.00 0.0000 0.00 0.0000 APEX received no payment for order flow from MOON ATS, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from MOON ATS in accordance with MOON ATS' published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to MOON ATS was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. Blue Ocean Technologies, LLC 16.17 0.00 18.10 16.96 21.49 0.00 0.0000 -5346.16 -20.0000 649.98 6.0000 0.00 0.0000 APEX received no payment for order flow from Blue Ocean, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from Blue Ocean in accordance with Blue Ocean's published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to Blue Ocean was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. Virtu Americas, LLC 14.60 83.38 4.78 5.41 1.20 22049.36 17.8720 1697.26 19.8544 3543.60 29.7397 2493.18 12.2020 Apex Clearing Corporation (“APEX”) received payment from Virtu Americas, LLC (“Virtu”) for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders priced over $1 and $0.0030 per share for non-marketable orders priced over $1. APEX received no payment for order flow from Virtu for extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern. For that session, APEX paid Virtu a transaction fee of $0.00045 per share on marketable orders and $0.00015 per share on marketable orders priced less than $1, and received from Virtu a transaction rebate of $0.00340 per share on non-marketable orders and $0.00005 per share on non-marketable orders priced less than $1. These transaction fees and rebates are reported in the quantitative disclosures above.  For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0010 per share for all order types for executions priced over $1.  The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Virtu. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.   CITADEL SECURITIES LLC 11.19 5.17 13.62 15.68 6.23 8772.28 20.0000 2517.02 16.3439 4177.55 26.2472 1799.07 24.6545 Apex Clearing Corporation (“APEX”) received payment from Citadel Securities, LLC ("Citadel") for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders priced over $1 and $0.0030 per share for non-marketable orders priced over $1. APEX received no payment for order flow from Citadel for extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern. For that session, APEX paid Citadel a transaction fee of $0.00045 per share on marketable orders and $0.00015 per share on marketable orders priced less than $1, and received from Citadel a transaction rebate of $0.00340 per share on non-marketable orders and $0.00005 per share on non-marketable orders priced less than $1. These transaction fees and rebates are reported in the quantitative disclosures above.  For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0010 per share for all order types for executions priced over $1. APEX received no payment for order flow from Citadel for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. Citadel  executed APEX's overnight orders without charge to APEX and did not pass any transaction fees or rebates to APEX. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Citadel. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.  100.00 8.83 23.54 47.21 20.41 Bruce Markets LLC 25.81 0.00 30.27 26.93 29.22 0.00 0.0000 -6257.15 -14.9742 4283.52 5.9684 0.00 0.0000 APEX received no payment for order flow from Bruce Markets, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from Bruce Markets in accordance with Bruce Markets's published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to Bruce Markets was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. Blue Ocean Technologies, LLC 22.42 0.00 24.18 21.83 31.45 0.00 0.0000 -60377.29 -19.3311 9690.54 5.3551 0.00 0.0000 APEX received no payment for order flow from Blue Ocean, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from Blue Ocean in accordance with Blue Ocean's published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to Blue Ocean was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. CITADEL SECURITIES LLC 19.10 10.32 19.10 23.30 13.20 140545.77 15.0057 348948.07 17.7324 115666.47 25.8478 56857.38 15.0860 Apex Clearing Corporation (“APEX”) received payment from Citadel Securities, LLC ("Citadel") for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders priced over $1 and $0.0030 per share for non-marketable orders priced over $1. APEX received no payment for order flow from Citadel for extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern. For that session, APEX paid Citadel a transaction fee of $0.00045 per share on marketable orders and $0.00015 per share on marketable orders priced less than $1, and received from Citadel a transaction rebate of $0.00340 per share on non-marketable orders and $0.00005 per share on non-marketable orders priced less than $1. These transaction fees and rebates are reported in the quantitative disclosures above.  For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0010 per share for all order types for executions priced over $1. APEX received no payment for order flow from Citadel for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. Citadel  executed APEX's overnight orders without charge to APEX and did not pass any transaction fees or rebates to APEX. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Citadel. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.  MOON ATS 14.50 0.00 15.41 14.59 19.54 0.00 0.0000 -1880.92 -10.0000 0.00 0.0000 0.00 0.0000 APEX received no payment for order flow from MOON ATS, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from MOON ATS in accordance with MOON ATS' published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to MOON ATS was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. Virtu Americas, LLC 11.09 65.04 5.54 7.12 3.34 260244.43 16.8382 281770.78 17.8817 43815.26 22.9895 62904.23 7.0208 Apex Clearing Corporation (“APEX”) received payment from Virtu Americas, LLC (“Virtu”) for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders priced over $1 and $0.0030 per share for non-marketable orders priced over $1. APEX received no payment for order flow from Virtu for extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern. For that session, APEX paid Virtu a transaction fee of $0.00045 per share on marketable orders and $0.00015 per share on marketable orders priced less than $1, and received from Virtu a transaction rebate of $0.00340 per share on non-marketable orders and $0.00005 per share on non-marketable orders priced less than $1. These transaction fees and rebates are reported in the quantitative disclosures above.  For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0010 per share for all order types for executions priced over $1.  The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Virtu. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.   100.00 3.42 10.08 28.57 57.93 Instinet, LLC 19.20 12.83 6.13 5.70 28.52 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Instinet is APEX's order routing technology provider and APEX also routes orders to Instinet brokerage services. All non-directed orders that APEX routed to Instinet were further routed to U.S. securities exchanges, alternative trading centers or single dealer platforms pursuant to Instinet’s order routing arrangements. APEX paid Instinet a technology fee for its order routing provider services which included routes to brokers, and APEX also paid Instinet for exchange fees and ATS fees (as applicable) for orders that Instinet further routed to an exchange or an ATS and received an execution. In certain instances, APEX paid Instinet a brokerage fee for other non-directed orders that resulted in execution on an exchange or ATS. Brokerage fees paid by APEX to Instinet are based upon volume tiers. Instinet rebated to APEX exchange fees and payment that it received from exchanges, ATS’ and single broker platforms. In turn, APEX distributed 100% of the options exchange rebates and other options payments received from Instinet to the applicable APEX client that sent such qualifying, non-directed orders resulting in execution. In turn, APEX distributed the exchange rebates and other payments received to the applicable APEX client that sent such qualifying, non-directed orders resulting in execution. https://www.instinet.com/order-disclosures Dash/IMC Financial Markets 18.34 16.86 19.48 17.81 18.49 21223.70 28.5806 288752.84 29.3740 141988.60 37.9424 172959.70 41.2078 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Dash/IMC Financial Markets ("Dash/IMC"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Wolverine Execution Services, LLC 16.62 7.00 9.72 10.90 21.20 8819.07 32.0274 147410.36 36.2154 91476.69 40.4913 285079.62 57.5674 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Wolverine Execution Services ("WEX"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. CITADEL SECURITIES LLC 15.35 15.79 14.95 19.94 13.12 17592.36 29.2378 294194.20 32.1590 159977.97 40.1345 123020.24 59.5538 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Citadel Securities LLC ("Citadel"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Jane Street Capital 14.90 20.38 19.61 16.45 12.99 24240.59 27.3081 316398.79 29.1905 152740.07 37.0210 179129.15 56.5199 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Jane Street Capital ("JANE"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Global Execution Brokers LP 9.59 19.23 19.82 22.48 0.88 22323.45 33.0419 356372.17 39.7907 189292.39 53.2912 621.74 31.4169 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Global Execution Brokers ("G1X"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Matrix Executions, LLC 6.01 7.92 10.29 6.71 4.80 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Matrix Executions, LLC ("Matrix"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. 2026 06 100.00 18.29 11.30 40.74 29.67 Bruce Markets LLC 24.60 0.00 29.07 30.59 29.84 0.00 0.0000 -189.16 -12.0000 303.75 6.0000 0.00 0.0000 APEX received no payment for order flow from Bruce Markets, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from Bruce Markets in accordance with Bruce Markets's published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to Bruce Markets was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. MOON ATS 23.25 0.00 24.54 26.47 32.66 0.00 0.0000 -27.29 -10.0000 0.00 0.0000 0.00 0.0000 APEX received no payment for order flow from MOON ATS, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from MOON ATS in accordance with MOON ATS' published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to MOON ATS was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. Virtu Americas, LLC 18.77 84.71 5.70 5.51 1.31 24348.49 17.9803 1713.35 19.8461 3645.07 29.7082 2852.37 12.9836 Apex Clearing Corporation (“APEX”) received payment from Virtu Americas, LLC (“Virtu”) for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders and $0.0030 per share for non-marketable orders. For extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern, the payment rate was $0.0025 per share for marketable orders and $0.0030 per share for non-marketable orders. For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0025 per share for all order types. Payment was not received for executions priced less than $1 in any session. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Virtu. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.   Blue Ocean Technologies, LLC 18.72 0.00 17.69 18.34 31.18 0.00 0.0000 -3225.60 -20.0000 642.03 6.0000 0.00 0.0000 APEX received no payment for order flow from Blue Ocean, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from Blue Ocean in accordance with Blue Ocean's published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to Blue Ocean was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. CITADEL SECURITIES LLC 9.31 5.19 18.04 13.21 3.18 10516.48 19.9439 3260.00 22.4769 4649.52 29.0971 2230.77 23.4042 Apex Clearing Corporation (“APEX”) received payment from Citadel Securities, LLC ("Citadel") for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders and $0.0030 per share for non-marketable orders. For extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern, the payment rate was $0.0010 per share for marketable orders and $0.0030 per share for non-marketable orders. For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0025 per share for all order types.  Payment was not received for executions priced less than $1 in any session. APEX received no payment for order flow from Citadel for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. Citadel executed APEX's overnight orders without charge to APEX and did not pass any transaction fees or rebates to APEX. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Citadel. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.  100.00 7.97 21.70 39.07 31.27 CITADEL SECURITIES LLC 24.53 10.90 39.15 34.54 5.36 166890.64 16.3034 456347.38 18.3872 146799.27 27.0311 89203.24 15.6408 Apex Clearing Corporation (“APEX”) received payment from Citadel Securities, LLC ("Citadel") for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders and $0.0030 per share for non-marketable orders. For extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern, the payment rate was $0.0025 per share for marketable orders and $0.0030 per share for non-marketable orders. For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0025 per share for all order types.  Payment was not received for executions priced less than $1 in any session. APEX received no payment for order flow from Citadel for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. Citadel  executed APEX's overnight orders without charge to APEX and did not pass any transaction fees or rebates to APEX. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Citadel. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.  Bruce Markets LLC 19.66 0.00 16.04 17.43 29.97 0.00 0.0000 -7326.80 -8.0587 5818.63 1.4043 0.00 0.0000 APEX received no payment for order flow from Bruce Markets, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from Bruce Markets in accordance with Bruce Markets's published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to Bruce Markets was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. Blue Ocean Technologies, LLC 19.39 0.00 14.41 14.50 33.89 0.00 0.0000 -77530.95 -17.3796 14630.08 4.5172 0.00 0.0000 APEX received no payment for order flow from Blue Ocean, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from Blue Ocean in accordance with Blue Ocean's published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to Blue Ocean was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. MOON ATS 13.62 0.00 8.66 9.02 26.28 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 APEX received no payment for order flow from MOON ATS, and received no payment for order flow from any venue, for orders executed in the overnight session, 8:00 p.m. to 4:00 a.m. Eastern. APEX paid transaction fees to and received transaction rebates from MOON ATS in accordance with MOON ATS' published fee schedule. The transaction fees paid and transaction rebates received are reported in the quantitative disclosures above. APEX's routing of order flow to MOON ATS was not subject to any volume threshold, tiered pricing schedule, or minimum order flow commitment. Virtu Americas, LLC 13.04 67.18 11.46 11.61 2.12 273782.02 17.5760 336031.09 18.3144 60716.76 24.3891 105287.29 4.7374 Apex Clearing Corporation (“APEX”) received payment from Virtu Americas, LLC (“Virtu”) for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders and $0.0030 per share for non-marketable orders. For extended hours orders from 4:00 a.m. to 7:00 a.m. Eastern, the payment rate was $0.0010 per share for marketable orders and $0.0030 per share for non-marketable orders. For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0025 per share for all order types. Payment was not received for executions priced less than $1 in any session. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Virtu. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.   Jane Street Capital 7.31 8.20 8.72 10.92 1.59 115399.01 16.0398 211858.21 18.0499 24687.02 25.6917 82703.83 20.4723 Apex Clearing Corporation (“APEX”) received payment from Jane Street Capital (“Jane”)  for directing NMS order flow that resulted in executions. For the regular session, 9:30 a.m. to 4:00 p.m. Eastern, the payment rate was $0.0020 per share for marketable orders and $0.0030 per share for non-marketable orders.  For extended hours orders from 7:00 a.m. to 9:30 a.m. and from 4:00 p.m. to 8:00 p.m. Eastern, the rate was $0.0025 per share for all order types.    Payment was not received for executions priced less than $1 in any session. The rates set forth above applied uniformly and did not vary with the volume of order flow APEX directed to Jane Street. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-offs of payment or other incentives or disincentives for price improvement or other execution quality.  100.00 3.75 10.89 29.93 55.43 Instinet, LLC 20.61 12.93 6.03 5.35 32.23 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 Instinet is APEX's order routing technology provider and APEX also routes orders to Instinet brokerage services. All non-directed orders that APEX routed to Instinet were further routed to U.S. securities exchanges, alternative trading centers or single dealer platforms pursuant to Instinet’s order routing arrangements. APEX paid Instinet a technology fee for its order routing provider services which included routes to brokers, and APEX also paid Instinet for exchange fees and ATS fees (as applicable) for orders that Instinet further routed to an exchange or an ATS and received an execution. In certain instances, APEX paid Instinet a brokerage fee for other non-directed orders that resulted in execution on an exchange or ATS. Brokerage fees paid by APEX to Instinet are based upon volume tiers. Instinet rebated to APEX exchange fees and payment that it received from exchanges, ATS’ and single broker platforms. In turn, APEX distributed 100% of the options exchange rebates and other options payments received from Instinet to the applicable APEX client that sent such qualifying, non-directed orders resulting in execution. In turn, APEX distributed the exchange rebates and other payments received to the applicable APEX client that sent such qualifying, non-directed orders resulting in execution. https://www.instinet.com/order-disclosures Dash/IMC Financial Markets 17.54 16.87 19.32 18.64 16.64 25548.78 29.0588 295635.83 31.5846 172200.01 37.5340 139918.72 38.5133 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Dash/IMC Financial Markets ("Dash/IMC"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Jane Street Capital 16.09 21.51 21.19 18.93 13.18 34108.11 29.1323 377966.30 31.0889 197161.04 37.6476 124960.30 51.8826 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Jane Street Capital ("JANE"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Wolverine Execution Services, LLC 15.94 6.82 9.03 11.03 20.57 12858.95 34.1902 156448.95 36.5724 103137.60 40.1379 250805.60 57.4060 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Wolverine Execution Services ("WEX"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. CITADEL SECURITIES LLC 13.58 14.44 14.57 16.88 11.55 22621.08 31.7703 346242.04 33.4573 179899.67 39.5705 117814.96 58.0183 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Citadel Securities LLC ("Citadel"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Global Execution Brokers LP 9.88 19.27 20.27 21.79 0.77 27846.62 31.9298 360452.64 33.4579 174625.11 40.4873 924.47 29.3949 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Global Execution Brokers ("G1X"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories other than the one client referenced in the preceding paragraph. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality. Matrix Executions, LLC 6.37 8.17 9.60 7.39 5.06 0.00 0.0000 0.00 0.0000 0.00 0.0000 0.00 0.0000 For all clearing and/or execution other than one client in particular, Apex Clearing Corporation (“APEX”) received payment for multi-listed option order flow routed to and executed by Matrix Executions, LLC ("Matrix"). For single leg orders, APEX receives a per-contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.22, $.30, $.35, $.45, $.56, $.67 or $.75. For multi leg orders, APEX receives a per contract rate that depends on the average quoted spread for the symbol based on the prior month. APEX received a rate of $.48, $.58, $.65, $.75, $.85, $.95 or $1.05. For one client, Apex received a fixed rate of $0.25 per option contract for SPY, QQQ, IWM and $.45 per contract for Penny and Non Penny names which was applied uniformly across all options orders, irrespective of their size or complexity. All option market makers that APEX routed options orders resulting in executions paid the same rates to APEX for orders in the same categories. These payments were not contingent upon volume-based tiered payment schedules, agreements regarding minimum order flow, incentives for exceeding order flow thresholds, disincentives for failing to meet order flow thresholds, nor trade-off’s of payment or other incentives/disincentives for price improvement or other execution quality.