SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

KCM INVESTMENT ADVISORS LLC's Holding History (CIK: 0001109228)

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

Q4 2025

Shares 2,011 Value ($000) $324 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 2,011 Value ($000) $299 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 2,069 Value ($000) $239 Avg Close $100.02 Range $69.84 - $117.36

Q4 2024

Shares 1,952 Value ($000) $208 Avg Close $97.26 Range $77.12 - $120.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,011	$324	$160.56	$136.18 - $182.19
Q3 2025	2,011	$299	$135.57	$111.33 - $159.01
Q2 2025	2,069	$239	$100.02	$69.84 - $117.36
Q4 2024	1,952	$208	$97.26	$77.12 - $120.72