SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

THOMPSON DAVIS & CO., INC.'s Holding History (CIK: 0001017284)

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

Q2 2017

Shares 100 Value ($000) $9 Avg Close $8.46 Range $6.72 - $10.08

Q2 2016

Shares 500 Value ($000) $15 Avg Close $2.92 Range $2.50 - $3.24

Q1 2016

Shares 500 Value ($000) $14 Avg Close $2.37 Range $1.85 - $2.88

Q4 2015

Shares 125 Value ($000) $3 Avg Close $2.94 Range $2.41 - $3.93

Q3 2015

Shares 125 Value ($000) $4 Avg Close $3.17 Range $2.27 - $4.11

Q2 2015

Shares 125 Value ($000) $4 Avg Close $3.07 Range $1.70 - $4.21

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	100	$9	$8.46	$6.72 - $10.08
Q2 2016	500	$15	$2.92	$2.50 - $3.24
Q1 2016	500	$14	$2.37	$1.85 - $2.88
Q4 2015	125	$3	$2.94	$2.41 - $3.93
Q3 2015	125	$4	$3.17	$2.27 - $4.11
Q2 2015	125	$4	$3.07	$1.70 - $4.21