SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

SHELTON CAPITAL MANAGEMENT's Holding History (CIK: 0001002784)

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

Q4 2025

Shares 139,413 Value ($000) $22,441 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 134,571 Value ($000) $19,999 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 137,642 Value ($000) $15,877 Avg Close $100.02 Range $69.84 - $117.36

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	139,413	$22,441	$160.56	$136.18 - $182.19
Q3 2025	134,571	$19,999	$135.57	$111.33 - $159.01
Q2 2025	137,642	$15,877	$100.02	$69.84 - $117.36