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The Legacy 650 market is relatively stable compared to this time last year, with available inventory increasing by just one aircraft compared to May 2025. During the same period, asking values have increased approximately 7%. Buyer activity remains strongest for aircraft equipped with upgraded connectivity solutions, synthetic vision upgrades, engine and APU program enrollment, and well-documented operational and maintenance history. From a transaction standpoint, days on market have increased approximately 25% year-over-year, reflecting a more selective buyer environment overall. Over the past 12 months, there have been 10 retail sales recorded across the Legacy 650 market, with two transactions recorded so far in 2026, involving 2010 through 2015 production aircraft. Looking at Supply and Demand, the market is currently carrying approximately 10.8 months of inventory, reflecting a balanced but aircraft-specific environment overall. While buyer demand remains selective, the Legacy 650 continues demonstrating long-term market stability compared to many out-of-production large cabin platforms. The Legacy 650 continues to appeal to operators because of the its mature operational platform, cabin volume, operational reliability, and mission capability, while offering features and overall utility that continue to compete well within the large cabin segment. In summary, the Legacy 650 market remains stable, with selective but healthy buyer demand supporting continued pricing stability across the segment. Well-equipped aircraft continue attracting strong buyer interest. Overall, I characterize the Legacy 650 market as stable, and assign it a B Demand Rating.