SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

EDGEWOOD MANAGEMENT LLC's Holding History (CIK: 0000860561)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 6,199,459 Value ($000) $997,927 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 8,727,511 Value ($000) $1,296,995 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 9,558,067 Value ($000) $1,102,523 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 8,646,159 Value ($000) $825,535 Avg Close $108.97 Range $89.10 - $129.38

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,199,459	$997,927	$160.56	$136.18 - $182.19
Q3 2025	8,727,511	$1,296,995	$135.57	$111.33 - $159.01
Q2 2025	9,558,067	$1,102,523	$100.02	$69.84 - $117.36
Q1 2025	8,646,159	$825,535	$108.97	$89.10 - $129.38