SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

MAI Capital Management's Holding History (CIK: 0001040197)

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

Q4 2025

Shares 13,536 Value ($000) $2,179 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 13,270 Value ($000) $1,972 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 12,824 Value ($000) $1,479 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 13,016 Value ($000) $1,243 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 12,341 Value ($000) $1,312 Avg Close $97.26 Range $77.12 - $120.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	13,536	$2,179	$160.56	$136.18 - $182.19
Q3 2025	13,270	$1,972	$135.57	$111.33 - $159.01
Q2 2025	12,824	$1,479	$100.02	$69.84 - $117.36
Q1 2025	13,016	$1,243	$108.97	$89.10 - $129.38
Q4 2024	12,341	$1,312	$97.26	$77.12 - $120.72