US Index Update

Research evidence excerpt

US Index Update

Global Quantitative and Derivatives Strategy Team Min Moon

Week of Jun 22, 2026 As of Jun 29, 2026 (Close) g +1 (212) 272 ,8456 min.k.moon@jpmorgan.comg

Monday, July 6, 2026

• R1000 Middleby Corp (MIDD; R1, R25, MC, RS, V, DY) will spin off its shares of Midera Food Processing. In the transaction, every one share of Middleby Corp stock will receive one share of Midera Food Processing. Midera Food

Processing is projected to be added to the FTSE Russell Indexes, as it satisfies FTSE Russell’s inclusion criteria. The new company will be added to Middleby Corp’s respective indexes (Russell 1000, Russell 2500, Russell

Midcap and Russell Small Cap Completeness). Based on Middleby Corp’s current probabilities, Midera Food Processing’s style probabilities will be 0% growth and 100% value and the stability probabilities will be 0% defensive

and 100% dynamic. The share total for the new company is projected to be 43,219,000 shares. Midera Food Processing will be distributed to shareholders July 6, 2026 (after the close). The price for Middleby Corp will be

adjusted to reflect the spin-off.

Shares Out (M) Indexer Flows S&P Index

Index Announcement Effective on Current New Weight Days to

Event Date Close of Ticker Name (Sector**) Event Detail Last Price Wgt Wgt Change Gross Net Trade Old New Shares Shares Rank IWF

(M) (M)

S&P 500 Delete 23-Jun-26 1-Jul-26 MBGL Mobility Global Inc. Spin-off fro SPGI $ 23.20 -36.38 6.07

S&P 400 Add 23-Jun-26 30-Jun-26 TOST Toast Inc-A (FN) Replacing BLD $ 27.86 0.00 516.00 0.000% 0.373% 0.373% 47.70 47.70 4.24 0.00 0.91

S&P 400 Delete 23-Jun-26 30-Jun-26 BLD Topbuild Cor (CD) Acquired $ 356.50 28.03 0.00 0.326% 0.000% -0.326% -3.26 (4.09) (3.81) 99.00 1.00