SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Banco Santander, S.A.'s Holding History (CIK: 0000891478)

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

Q4 2025

Shares 1,403 Value ($000) $226 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 1,474 Value ($000) $219 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 6,223 Value ($000) $718 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 107,285 Value ($000) $10,244 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 76,954 Value ($000) $8,183 Avg Close $97.26 Range $77.12 - $120.72

Q3 2024

Shares 72,177 Value ($000) $5,784 Avg Close $69.07 Range $48.56 - $81.15

Q2 2024

Shares 71,723 Value ($000) $4,737 Avg Close $66.33 Range $56.31 - $79.29

Q1 2024

Shares 68,593 Value ($000) $5,293 Avg Close $79.00 Range $70.61 - $91.57

Q4 2023

Shares 79,917 Value ($000) $6,226 Avg Close $63.86 Range $45.50 - $79.99

Q3 2023

Shares 91,490 Value ($000) $4,993 Avg Close $60.59 Range $50.59 - $71.43

Q2 2023

Shares 95,820 Value ($000) $6,190 Avg Close $56.53 Range $43.50 - $67.36

Q1 2023

Shares 122,964 Value ($000) $5,895 Avg Close $44.00 Range $34.65 - $54.66

Q4 2022

Shares 135,656 Value ($000) $4,709 Avg Close $34.15 Range $23.63 - $45.06

Q3 2022

Shares 174,682 Value ($000) $4,706 Avg Close $34.02 Range $26.38 - $45.43

Q2 2022

Shares 164,040 Value ($000) $5,125 Avg Close $42.70 Range $29.76 - $74.13

Q1 2022

Shares 12,368 Value ($000) $8,361 Avg Close $82.11 Range $51.00 - $139.37

Q4 2021

Shares 4,768 Value ($000) $6,567 Avg Close $146.12 Range $127.19 - $176.29

Q3 2021

Shares 5,170 Value ($000) $7,009 Avg Close $149.84 Range $134.11 - $165.00

Q2 2021

Shares 5,591 Value ($000) $8,168 Avg Close $123.22 Range $102.51 - $155.22

Q1 2021

Shares 5,635 Value ($000) $6,235 Avg Close $120.82 Range $100.51 - $149.97

Q4 2020

Shares 4,849 Value ($000) $5,489 Avg Close $104.97 Range $87.50 - $128.52

Q3 2020

Shares 3,533 Value ($000) $3,614 Avg Close $99.42 Range $83.94 - $114.69

Q2 2020

Shares 2,596 Value ($000) $2,464 Avg Close $69.41 Range $33.45 - $95.88

Q1 2020

Shares 2,501 Value ($000) $1,043 Avg Close $45.08 Range $30.53 - $59.39

Q4 2019

Shares 903 Value ($000) $359 Avg Close $33.82 Range $28.21 - $41.66

Q3 2019

Shares 1,071 Value ($000) $334 Avg Close $34.24 Range $28.61 - $40.96

Q2 2019

Shares 814 Value ($000) $244 Avg Close $26.03 Range $19.04 - $33.89

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,403	$226	$160.56	$136.18 - $182.19
Q3 2025	1,474	$219	$135.57	$111.33 - $159.01
Q2 2025	6,223	$718	$100.02	$69.84 - $117.36
Q1 2025	107,285	$10,244	$108.97	$89.10 - $129.38
Q4 2024	76,954	$8,183	$97.26	$77.12 - $120.72
Q3 2024	72,177	$5,784	$69.07	$48.56 - $81.15
Q2 2024	71,723	$4,737	$66.33	$56.31 - $79.29
Q1 2024	68,593	$5,293	$79.00	$70.61 - $91.57
Q4 2023	79,917	$6,226	$63.86	$45.50 - $79.99
Q3 2023	91,490	$4,993	$60.59	$50.59 - $71.43
Q2 2023	95,820	$6,190	$56.53	$43.50 - $67.36
Q1 2023	122,964	$5,895	$44.00	$34.65 - $54.66
Q4 2022	135,656	$4,709	$34.15	$23.63 - $45.06
Q3 2022	174,682	$4,706	$34.02	$26.38 - $45.43
Q2 2022	164,040	$5,125	$42.70	$29.76 - $74.13
Q1 2022	12,368	$8,361	$82.11	$51.00 - $139.37
Q4 2021	4,768	$6,567	$146.12	$127.19 - $176.29
Q3 2021	5,170	$7,009	$149.84	$134.11 - $165.00
Q2 2021	5,591	$8,168	$123.22	$102.51 - $155.22
Q1 2021	5,635	$6,235	$120.82	$100.51 - $149.97
Q4 2020	4,849	$5,489	$104.97	$87.50 - $128.52
Q3 2020	3,533	$3,614	$99.42	$83.94 - $114.69
Q2 2020	2,596	$2,464	$69.41	$33.45 - $95.88
Q1 2020	2,501	$1,043	$45.08	$30.53 - $59.39
Q4 2019	903	$359	$33.82	$28.21 - $41.66
Q3 2019	1,071	$334	$34.24	$28.61 - $40.96
Q2 2019	814	$244	$26.03	$19.04 - $33.89