SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

NISSAY ASSET MANAGEMENT CORP /JAPAN's Holding History (CIK: 0000869589)

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

Q4 2025

Shares 176,155 Value ($000) $28,343 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 161,660 Value ($000) $24,024 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 157,470 Value ($000) $18,164 Avg Close $100.02 Range $69.84 - $117.36

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	176,155	$28,343	$160.56	$136.18 - $182.19
Q3 2025	161,660	$24,024	$135.57	$111.33 - $159.01
Q2 2025	157,470	$18,164	$100.02	$69.84 - $117.36