1.2 FIDELITY BROKERAGE SERVICES LLC 2026 02 2026-07-30T10:07:21Z 2026 04 96.64 53.36 6.32 36.45 3.88 Citadel Securities LLC CDRG 16.74 16.67 21.71 14.09 42.82 102696 4.2124 20873 4.6551 50808 17.6914 11728 5.6372 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Citadel Securities, LLC (CDRG) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Virtu Americas, LLC NITE 16.19 16.62 21.79 14.11 24.02 101763 4.2239 19443 4.3885 43602 15.1321 4916 4.1783 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Virtu Americas, LLC (NITE) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. CrossStream ATS XSTM 14.29 24.74 20.95 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Fidelity Brokerage Services LLC (FBS) is an affiliate of National Financial Services LLC (NFS), both of which are registered broker-dealers. Marketable equity orders may be routed to NFS's Alternative Trading System (ATS), the CrossStream ATS (XSTM), for execution. As part of Fidelity’s default order routing, orders executed by XSTM will be priced at the mid-point or better of the National Best Bid and Offer (NBBO). There may be other non-default routing utilized by FBS that access the ATS at other price points, but they generally represent a small percentage of the orders routed to XSTM. FBS does not get charged an explicit fee or receive payment for order flow (PFOF) for orders executed by XSTM. With respect to other subscribers to this ATS, XSTM negotiates fees with certain individual subscribers that may range between $0.00 and $0.01/share executed, while additional subscribers may be charged a general trading fee which encompasses trading across several NFS trading products such as algorithms, smart order routers, order management systems, sales desks, and the ATS. These fees are described in XSTM’s Form ATS-N which can be found here https://www.sec.gov/about/divisions-offices/division-trading-markets/alternative-trading-systems/form-ats-n-filings-information Any such fees are not further paid to FBS. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to this ATS. Jane Street Capital, LLC JNST 12.58 14.89 13.86 10.16 0.00 93843 4.3050 14677 4.7559 23978 17.2963 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Jane Street Capital, LLC (JNST) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. G1 Execution Services, LLC ETMM 12.34 14.81 10.47 8.92 16.95 92810 4.3093 11245 4.5043 21088 16.3127 4659 4.9834 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes G1 Execution Services, LLC (ETMM) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Nasdaq Stock Market NSDQ 8.81 0.00 1.57 22.68 0.02 -1652 -14.5002 -1169 -15.1361 205645 31.9012 -44 -14.5000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the NASDAQ Stock Market LLC (NSDQ) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2. Information reflecting the NSDQ tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918931.html New York Stock Exchange NYSE 5.73 0.00 0.84 14.79 0.00 0 0.0000 -479 -10.0798 6816 21.8918 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the New York Stock Exchange (NYSE) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Information reflecting the NYSE tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918931.html HRT Financial LP HRTF 4.80 6.02 4.23 3.59 0.00 37090 4.2368 4771 4.7406 9668 17.0219 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes HRT Financial LP (HRTF) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Goldman, Sachs and Co. LLC GSCO 2.07 2.61 1.82 1.52 0.00 16494 4.3434 2172 5.1423 1781 16.4613 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Goldman Sachs and Co. LLC (GSCO) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. CBOE EDGX US Equities Exchange EDGX 1.76 0.00 0.01 4.58 0.00 0 0.0000 0 0.0000 272819 31.7742 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the CBOE EDGX US Equities Exchange (EDGX) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/equities/membership/fee_schedule/edgx/ Information reflecting the EDGX tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918931.html 96.25 50.04 10.67 35.23 4.06 CrossStream ATS XSTM 20.70 33.67 30.43 0.03 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Fidelity Brokerage Services LLC (FBS) is an affiliate of National Financial Services LLC (NFS), both of which are registered broker-dealers. Marketable equity orders may be routed to NFS's Alternative Trading System (ATS), the CrossStream ATS (XSTM), for execution. As part of Fidelity’s default order routing, orders executed by XSTM will be priced at the mid-point or better of the National Best Bid and Offer (NBBO). There may be other non-default routing utilized by FBS that access the ATS at other price points, but they generally represent a small percentage of the orders routed to XSTM. FBS does not get charged an explicit fee or receive payment for order flow (PFOF) for orders executed by XSTM. With respect to other subscribers to this ATS, XSTM negotiates fees with certain individual subscribers that may range between $0.00 and $0.01/share executed, while additional subscribers may be charged a general trading fee which encompasses trading across several NFS trading products such as algorithms, smart order routers, order management systems, sales desks, and the ATS. These fees are described in XSTM’s Form ATS-N which can be found here https://www.sec.gov/about/divisions-offices/division-trading-markets/alternative-trading-systems/form-ats-n-filings-information Any such fees are not further paid to FBS. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to this ATS. Citadel Securities LLC CDRG 14.84 14.53 17.68 12.25 41.36 403960 3.8468 191219 3.3441 250401 13.9383 56271 4.7658 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Citadel Securities, LLC (CDRG) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Virtu Americas, LLC NITE 14.33 14.48 17.85 12.12 24.91 400008 3.8089 179079 3.1448 194378 11.8615 24951 3.5764 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Virtu Americas, LLC (NITE) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Jane Street Capital, LLC JNST 10.80 12.96 11.87 8.12 0.00 367242 3.9609 136140 3.3624 94744 13.5452 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Jane Street Capital, LLC (JNST) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. G1 Execution Services, LLC ETMM 10.56 12.92 9.43 6.90 17.00 358188 3.8894 108995 3.2693 114811 12.0974 19772 3.7796 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes G1 Execution Services, LLC (ETMM) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Nasdaq Stock Market NSDQ 7.10 0.00 0.72 20.24 0.00 -73 -14.0274 -4866 -12.1997 946395 28.1673 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the NASDAQ Stock Market LLC (NSDQ) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2. Information reflecting the NSDQ tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918931.html HRT Financial LP HRTF 4.09 5.25 3.82 2.79 0.00 144022 3.8381 47561 3.5165 57054 12.4328 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes HRT Financial LP (HRTF) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. NYSE Arca ARCA 3.49 0.00 0.95 9.76 0.00 0 0.0000 -1084 -6.1480 11420 23.8049 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the NYSE ARCA (ARCA) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf Information reflecting the ARCA tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918931.html New York Stock Exchange NYSE 3.07 0.00 0.27 8.75 0.00 0 0.0000 -1474 -10.0827 25617 17.8555 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the New York Stock Exchange (NYSE) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Information reflecting the NYSE tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918931.html CBOE EDGX US Equities Exchange EDGX 2.79 0.00 0.01 8.03 0.00 0 0.0000 0 0.0000 1238837 27.7957 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the CBOE EDGX US Equities Exchange (EDGX) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/equities/membership/fee_schedule/edgx/ Information reflecting the EDGX tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918931.html 99.76 16.81 9.67 44.83 28.69 Citadel Securities LLC CDRG 32.41 37.84 35.00 31.48 30.30 1935099 25.3534 1716662 27.8795 4144788 42.7946 1610065 20.8071 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Citadel Securities LLC (CDRG) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Dash Financial Technologies LLC DASH 18.84 17.95 17.54 17.01 23.08 849289 28.0313 736482 26.1478 1909488 43.5802 1406136 32.5488 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Dash Financial Technologies LLC (DASH) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Wolverine Execution Services LLC WEXX 18.57 4.85 8.15 23.36 20.73 81459 13.4064 97204 9.7183 2532182 42.1150 1539520 40.6767 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Wolverine Execution Services LLC (WEXX) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Jane Street Capital, LLC JNST 17.48 23.23 21.50 17.09 13.72 1192306 29.4579 1076610 29.1037 2115904 47.4289 1002606 39.3441 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Jane Street Capital LLC (JNST) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Global Execution Brokers, LP GEBB 12.14 15.98 15.12 10.58 11.93 763812 28.1377 670688 26.5508 967898 35.5125 169278 5.8955 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Global Execution Brokers, LP (GEBB) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. 2026 05 93.67 52.68 6.07 37.26 3.99 Citadel Securities LLC CDRG 21.36 21.99 25.61 18.12 43.48 191304 6.8350 37811 7.4050 85987 27.2557 18831 9.5961 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Citadel Securities, LLC (CDRG) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Virtu Americas, LLC NITE 16.64 16.90 21.93 14.89 24.09 145536 6.8115 29840 7.1313 68060 24.9293 8391 7.3747 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Virtu Americas, LLC (NITE) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. G1 Execution Services, LLC ETMM 14.59 17.32 12.19 11.10 16.71 149548 6.8000 22174 7.5327 40213 27.0411 7650 8.6009 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes G1 Execution Services, LLC (ETMM) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. CrossStream ATS XSTM 13.36 23.25 20.13 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Fidelity Brokerage Services LLC (FBS) is an affiliate of National Financial Services LLC (NFS), both of which are registered broker-dealers. Marketable equity orders may be routed to NFS's Alternative Trading System (ATS), the CrossStream ATS (XSTM), for execution. As part of Fidelity’s default order routing, orders executed by XSTM will be priced at the mid-point or better of the National Best Bid and Offer (NBBO). There may be other non-default routing utilized by FBS that access the ATS at other price points, but they generally represent a small percentage of the orders routed to XSTM. FBS does not get charged an explicit fee or receive payment for order flow (PFOF) for orders executed by XSTM. With respect to other subscribers to this ATS, XSTM negotiates fees with certain individual subscribers that may range between $0.00 and $0.01/share executed, while additional subscribers may be charged a general trading fee which encompasses trading across several NFS trading products such as algorithms, smart order routers, order management systems, sales desks, and the ATS. These fees are described in XSTM’s Form ATS-N which can be found here https://www.sec.gov/about/divisions-offices/division-trading-markets/alternative-trading-systems/form-ats-n-filings-information Any such fees are not further paid to FBS. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to this ATS. Nasdaq Stock Market NSDQ 8.23 0.00 1.38 21.03 0.00 -3566 -14.4960 -855 -15.2200 219653 31.9559 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the NASDAQ Stock Market LLC (NSDQ) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2. Information reflecting the NSDQ tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918934.html Jane Street Capital, LLC JNST 7.82 8.76 9.65 6.88 0.00 79720 7.1477 15295 7.7076 30553 28.5018 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Jane Street Capital, LLC (JNST) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. HRT Financial LP HRTF 4.98 6.13 4.29 3.93 0.00 53198 6.8045 7830 8.0245 17551 28.6083 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes HRT Financial LP (HRTF) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. New York Stock Exchange NYSE 4.86 0.00 0.63 12.45 0.00 0 0.0000 -401 -10.0461 8417 24.1941 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the New York Stock Exchange (NYSE) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Information reflecting the NYSE tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918934.html Goldman, Sachs and Co. LLC GSCO 2.14 2.65 1.87 1.65 0.00 23182 6.7960 3567 8.1685 3499 27.7245 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Goldman Sachs and Co. LLC (GSCO) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. CBOE EDGX US Equities Exchange EDGX 1.79 0.00 0.01 4.61 0.00 0 0.0000 0 0.0000 284446 31.7554 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the CBOE EDGX US Equities Exchange (EDGX) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/equities/membership/fee_schedule/edgx/ Information reflecting the EDGX tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918934.html 95.95 50.14 9.61 36.15 4.10 CrossStream ATS XSTM 20.69 33.50 31.01 0.02 0.24 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Fidelity Brokerage Services LLC (FBS) is an affiliate of National Financial Services LLC (NFS), both of which are registered broker-dealers. Marketable equity orders may be routed to NFS's Alternative Trading System (ATS), the CrossStream ATS (XSTM), for execution. As part of Fidelity’s default order routing, orders executed by XSTM will be priced at the mid-point or better of the National Best Bid and Offer (NBBO). There may be other non-default routing utilized by FBS that access the ATS at other price points, but they generally represent a small percentage of the orders routed to XSTM. FBS does not get charged an explicit fee or receive payment for order flow (PFOF) for orders executed by XSTM. With respect to other subscribers to this ATS, XSTM negotiates fees with certain individual subscribers that may range between $0.00 and $0.01/share executed, while additional subscribers may be charged a general trading fee which encompasses trading across several NFS trading products such as algorithms, smart order routers, order management systems, sales desks, and the ATS. These fees are described in XSTM’s Form ATS-N which can be found here https://www.sec.gov/about/divisions-offices/division-trading-markets/alternative-trading-systems/form-ats-n-filings-information Any such fees are not further paid to FBS. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to this ATS. Citadel Securities LLC CDRG 18.70 18.85 21.01 15.89 41.92 994153 6.4169 392255 5.6870 443923 22.8165 105271 7.8721 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Citadel Securities, LLC (CDRG) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Virtu Americas, LLC NITE 14.65 14.45 17.71 13.21 24.99 757147 6.3590 311547 5.3872 355739 20.7350 47654 5.7196 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Virtu Americas, LLC (NITE) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. G1 Execution Services, LLC ETMM 12.40 14.84 10.59 8.89 16.67 784875 6.3940 216341 5.6691 241335 21.7311 39136 6.4610 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes G1 Execution Services, LLC (ETMM) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Nasdaq Stock Market NSDQ 6.79 0.00 0.78 19.35 0.00 -1269 -14.3733 -5437 -12.6074 1095457 28.9159 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the NASDAQ Stock Market LLC (NSDQ) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2. Information reflecting the NSDQ tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918934.html Jane Street Capital, LLC JNST 6.68 7.40 7.82 5.82 0.00 406306 6.7027 153033 5.8091 156268 23.9354 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Jane Street Capital, LLC (JNST) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. HRT Financial LP HRTF 4.21 5.24 3.74 3.14 0.00 273525 6.3928 82097 6.0553 118622 22.3661 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes HRT Financial LP (HRTF) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. CBOE EDGX US Equities Exchange EDGX 2.84 0.00 0.01 8.20 0.00 2 16.0000 0 0.0000 1435176 28.4798 -7 -11.6460 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the CBOE EDGX US Equities Exchange (EDGX) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/equities/membership/fee_schedule/edgx/ Information reflecting the EDGX tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918934.html New York Stock Exchange NYSE 2.69 0.00 0.27 7.67 0.00 0 0.0000 -1785 -10.2204 30343 19.3753 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the New York Stock Exchange (NYSE) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Information reflecting the NYSE tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918934.html NYSE Arca ARCA 2.44 0.00 0.57 6.87 0.00 0 0.0000 -824 -6.3164 11846 22.8977 -5 -1.9710 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the NYSE ARCA (ARCA) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf Information reflecting the ARCA tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918934.html 99.80 16.47 9.80 47.81 25.92 Citadel Securities LLC CDRG 32.52 39.18 35.52 31.64 29.34 2001189 27.0492 1794056 27.9655 4601657 41.6577 1609047 19.5040 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Citadel Securities LLC (CDRG) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Dash Financial Technologies LLC DASH 20.35 18.10 18.35 19.68 23.77 913135 28.5048 826650 26.6826 2520957 44.7233 1624169 34.8244 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Dash Financial Technologies LLC (DASH) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Jane Street Capital, LLC JNST 17.68 23.45 22.16 16.95 14.19 1254709 29.6351 1149115 29.1737 2343335 46.2085 1039861 38.7349 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Jane Street Capital LLC (JNST) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Wolverine Execution Services LLC WEXX 17.42 5.14 8.08 20.62 21.33 135400 18.5964 135184 12.3164 2448410 41.7709 1603066 40.2548 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Wolverine Execution Services LLC (WEXX) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Global Execution Brokers, LP GEBB 11.48 13.98 13.39 10.59 11.15 674305 28.2994 605112 26.4393 1093443 35.6127 185758 7.1055 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Global Execution Brokers, LP (GEBB) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. 2026 06 96.51 52.97 6.28 37.04 3.71 Citadel Securities LLC CDRG 24.51 25.76 28.15 20.88 42.56 240107 7.1943 42819 7.5520 87070 27.6427 21138 9.2672 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Citadel Securities, LLC (CDRG) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Virtu Americas, LLC NITE 16.32 16.36 21.63 14.80 24.87 151609 7.2313 31949 7.5917 73606 28.1698 13800 10.5050 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Virtu Americas, LLC (NITE) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. G1 Execution Services, LLC ETMM 14.40 17.09 11.75 11.06 15.91 157857 7.2280 21642 7.6067 37603 28.1198 7479 7.8683 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes G1 Execution Services, LLC (ETMM) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. CrossStream ATS XSTM 12.57 21.90 18.30 0.00 0.00 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Fidelity Brokerage Services LLC (FBS) is an affiliate of National Financial Services LLC (NFS), both of which are registered broker-dealers. Marketable equity orders may be routed to NFS's Alternative Trading System (ATS), the CrossStream ATS (XSTM), for execution. As part of Fidelity’s default order routing, orders executed by XSTM will be priced at the mid-point or better of the National Best Bid and Offer (NBBO). There may be other non-default routing utilized by FBS that access the ATS at other price points, but they generally represent a small percentage of the orders routed to XSTM. FBS does not get charged an explicit fee or receive payment for order flow (PFOF) for orders executed by XSTM. With respect to other subscribers to this ATS, XSTM negotiates fees with certain individual subscribers that may range between $0.00 and $0.01/share executed, while additional subscribers may be charged a general trading fee which encompasses trading across several NFS trading products such as algorithms, smart order routers, order management systems, sales desks, and the ATS. These fees are described in XSTM’s Form ATS-N which can be found here https://www.sec.gov/about/divisions-offices/division-trading-markets/alternative-trading-systems/form-ats-n-filings-information Any such fees are not further paid to FBS. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to this ATS. Nasdaq Stock Market NSDQ 8.41 0.00 1.72 21.47 0.00 -4349 -14.5005 -1140 -15.1031 209947 31.8247 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the NASDAQ Stock Market LLC (NSDQ) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2. Information reflecting the NSDQ tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918937.html Jane Street Capital, LLC JNST 7.52 8.25 9.25 6.78 0.80 80093 7.5695 13911 7.8607 29619 28.1614 1139 24.0350 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Jane Street Capital, LLC (JNST) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. New York Stock Exchange NYSE 4.25 0.00 0.67 10.88 0.00 0 0.0000 -471 -10.0534 8080 23.2211 -1542 -10.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the New York Stock Exchange (NYSE) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Information reflecting the NYSE tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918937.html HRT Financial LP HRTF 4.14 5.08 3.49 3.29 0.00 46785 7.2204 6291 8.1420 17331 28.7402 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes HRT Financial LP (HRTF) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Goldman, Sachs and Co. LLC GSCO 2.33 2.87 1.97 1.84 0.00 26265 7.2110 4010 8.3777 3860 28.4778 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Goldman Sachs and Co. LLC (GSCO) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Two Sigma Securities, LLC SOHO 1.62 1.68 1.16 1.12 8.34 15518 7.2653 2202 7.6672 2035 21.3306 3888 6.8912 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Two Sigma Securities, LLC (SOHO) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. 96.27 49.68 9.60 36.83 3.89 Citadel Securities LLC CDRG 21.60 22.15 23.55 18.63 41.96 1317999 6.8055 475789 5.5781 469229 21.8300 112499 7.7074 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Citadel Securities, LLC (CDRG) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. CrossStream ATS XSTM 19.51 31.88 29.94 0.03 0.02 0 0.0000 0 0.0000 0 0.0000 0 0.0000 Fidelity Brokerage Services LLC (FBS) is an affiliate of National Financial Services LLC (NFS), both of which are registered broker-dealers. Marketable equity orders may be routed to NFS's Alternative Trading System (ATS), the CrossStream ATS (XSTM), for execution. As part of Fidelity’s default order routing, orders executed by XSTM will be priced at the mid-point or better of the National Best Bid and Offer (NBBO). There may be other non-default routing utilized by FBS that access the ATS at other price points, but they generally represent a small percentage of the orders routed to XSTM. FBS does not get charged an explicit fee or receive payment for order flow (PFOF) for orders executed by XSTM. With respect to other subscribers to this ATS, XSTM negotiates fees with certain individual subscribers that may range between $0.00 and $0.01/share executed, while additional subscribers may be charged a general trading fee which encompasses trading across several NFS trading products such as algorithms, smart order routers, order management systems, sales desks, and the ATS. These fees are described in XSTM’s Form ATS-N which can be found here https://www.sec.gov/about/divisions-offices/division-trading-markets/alternative-trading-systems/form-ats-n-filings-information Any such fees are not further paid to FBS. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to this ATS. Virtu Americas, LLC NITE 14.72 14.31 17.64 13.69 24.95 858081 6.8008 362873 5.6882 450375 22.7755 70325 8.2891 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Virtu Americas, LLC (NITE) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. G1 Execution Services, LLC ETMM 12.03 14.45 10.27 8.72 15.53 878067 6.8569 241442 5.7320 217089 21.8770 36775 6.2193 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes G1 Execution Services, LLC (ETMM) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Nasdaq Stock Market NSDQ 6.80 0.00 0.83 18.96 0.00 -484 -7.7603 -5618 -11.2849 1075629 28.1624 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the NASDAQ Stock Market LLC (NSDQ) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2. Information reflecting the NSDQ tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918937.html Jane Street Capital, LLC JNST 6.74 7.25 7.71 6.18 1.07 441358 7.2159 163314 5.8587 169716 22.5326 5007 20.1326 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Jane Street Capital, LLC (JNST) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. HRT Financial LP HRTF 3.59 4.33 3.13 2.92 0.00 263191 6.8684 72244 5.8682 125996 20.2898 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes HRT Financial LP (HRTF) as a wholesale market-maker for executions of equity orders. FBS, through its affiliated broker-dealer NFS, receives payment for order flow (PFOF) for orders that are executed by this wholesale market-maker. For marketable equity orders, the payment rate is $0.0008 per share or less. For non-marketable equity orders, the payment rate is $0.003 per share or less. Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. CBOE EDGX US Equities Exchange EDGX 2.64 0.00 0.01 7.46 0.00 -11 -4.6551 0 0.0000 1461761 27.8115 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the CBOE EDGX US Equities Exchange (EDGX) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.cboe.com/us/equities/membership/fee_schedule/edgx/ Information reflecting the EDGX tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918937.html NYSE Arca ARCA 2.50 0.00 0.57 6.88 0.00 -76 -28.6024 -1071 -6.5120 17985 23.6996 0 0.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the NYSE ARCA (ARCA) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/NYSE_Arca_Marketplace_Fees.pdf Information reflecting the ARCA tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918937.html New York Stock Exchange NYSE 2.26 0.00 0.25 6.31 0.00 -17 -18.3119 -1552 -10.2623 29353 18.7006 -170 -10.0000 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes the New York Stock Exchange (NYSE) for executions of equity orders. FBS, through its affiliated broker-dealer NFS, incurs fees or receives rebates for orders executed on this equities exchange. FBS orders generally meet the exchange’s definition of retail, and as such FBS, through its affiliated broker-dealer NFS, attests that its retail order flow is eligible for any exchange economics or order handling associated with that designation. Economics associated with Market orders, Marketable Limit orders, Non-Marketable Limit order, and Other orders may represent a variety of different interaction types on the exchange, including but not limited to: participating in the exchange’s opening or closing auction; displaying limit orders on the exchange; and removing liquidity on the exchange. The per-share economics described in this report represent a mix of interactions on the exchange. Fees and rebates are set by exchange rules, subject to SEC approval, are non-negotiable, and may include tier based volume thresholds. Visit exchange websites directly for detailed price lists: https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf Information reflecting the NYSE tiered pricing/payment schedule, as applicable to NFSC, can be found at: https://clearingcustody.fidelity.com/app/literature/item/9918937.html 99.82 15.29 9.32 45.91 29.48 Citadel Securities LLC CDRG 32.00 36.85 33.46 31.99 29.23 1764044 29.2357 1655594 28.3278 4571278 42.3861 1839407 14.1657 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Citadel Securities LLC (CDRG) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Dash Financial Technologies LLC DASH 24.50 23.68 23.76 23.52 26.88 1110583 27.9321 1042665 26.4490 2949733 43.9362 1751684 34.1417 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Dash Financial Technologies LLC (DASH) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Jane Street Capital, LLC JNST 16.58 20.01 19.37 16.10 14.93 1020252 29.4281 983371 28.9314 2170038 46.2991 1109486 40.8959 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Jane Street Capital LLC (JNST) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Wolverine Execution Services LLC WEXX 14.12 3.90 6.37 16.77 16.62 65692 13.5312 82960 9.9958 1964565 41.4758 1275839 40.1822 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Wolverine Execution Services LLC (WEXX) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers. Global Execution Brokers, LP GEBB 12.34 15.42 14.60 11.24 12.17 664588 27.3733 613153 25.2998 1116265 34.7267 184664 6.3804 Fidelity Brokerage Services LLC (FBS), through its affiliated broker-dealer National Financial Services LLC (NFS), utilizes Global Execution Brokers, LP (GEBB) as a wholesale market-maker for executions of single-leg and multi-leg option orders. With the exception of certain options orders described below in these material aspects, FBS, through NFS, receives payment for order flow (PFOF) on single-leg and multi-leg option orders executed by market-makers. For marketable single-leg option orders the payment rate is between $0.30 and $0.40 per contract. For non-marketable single-leg option orders the payment rate is between $0.40 and $0.50 per contract. For multi-leg options orders the payment rate is between $0.40 and $0.48 per contract. All market-makers pay the same rate for any given order flow type.   Neither NFS, nor FBS, consider payment as a condition for sending more order flow to a market-maker. Options markets are structurally different from equities markets. Options orders require the use of specialized options brokers to deliver price improvement. All options trades must occur on an exchange and are subject to exchange pricing schedules. Options orders in some securities, such as index options, or orders from customers designated as Professional Customers, may incur execution costs rather than receive execution rebates, and options brokers may pass through those execution costs to NFS. Index options may be routed to options brokers with different allocations than non-index options, and as such, the per-contract fees and rebates may look materially different across options brokers.