SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

NEXT CENTURY GROWTH INVESTORS LLC's Holding History (CIK: 0001134007)

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

Q4 2025

Shares 38,036 Value ($000) $6,123 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 38,119 Value ($000) $5,665 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 27,444 Value ($000) $3,166 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 47,519 Value ($000) $4,537 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 24,783 Value ($000) $2,635 Avg Close $97.26 Range $77.12 - $120.72

Q3 2024

Shares 16,784 Value ($000) $1,345 Avg Close $69.07 Range $48.56 - $81.15

Q2 2024

Shares 18,221 Value ($000) $1,203 Avg Close $66.33 Range $56.31 - $79.29

Q1 2022

Shares 975 Value ($000) $659 Avg Close $82.11 Range $51.00 - $139.37

Q4 2021

Shares 976 Value ($000) $1,344 Avg Close $146.12 Range $127.19 - $176.29

Q3 2021

Shares 1,404 Value ($000) $1,903 Avg Close $149.84 Range $134.11 - $165.00

Q2 2021

Shares 1,404 Value ($000) $2,051 Avg Close $123.22 Range $102.51 - $155.22

Q1 2021

Shares 1,030 Value ($000) $1,139 Avg Close $120.82 Range $100.51 - $149.97

Q4 2020

Shares 1,111 Value ($000) $1,257 Avg Close $104.97 Range $87.50 - $128.52

Q1 2019

Shares 732 Value ($000) $151 Avg Close $17.66 Range $12.95 - $20.96

Q4 2018

Shares 732 Value ($000) $101 Avg Close $14.08 Range $11.76 - $16.69

Q1 2018

Shares 927 Value ($000) $115 Avg Close $12.94 Range $10.10 - $15.48

Q3 2017

Shares 1,672 Value ($000) $194 Avg Close $10.21 Range $8.48 - $12.39

Q2 2017

Shares 88,176 Value ($000) $7,662 Avg Close $8.46 Range $6.72 - $10.08

Q1 2017

Shares 344,439 Value ($000) $23,452 Avg Close $5.76 Range $4.21 - $7.30

Q4 2016

Shares 1,048,134 Value ($000) $44,933 Avg Close $4.20 Range $3.77 - $4.54

Q3 2016

Shares 1,097,857 Value ($000) $47,120 Avg Close $3.82 Range $3.00 - $4.52

Q2 2016

Shares 105,134 Value ($000) $3,233 Avg Close $2.92 Range $2.50 - $3.24

Q1 2016

Shares 296,886 Value ($000) $8,375 Avg Close $2.37 Range $1.85 - $2.88

Q4 2015

Shares 288,721 Value ($000) $7,449 Avg Close $2.94 Range $2.41 - $3.93

Q3 2015

Shares 290,187 Value ($000) $10,214 Avg Close $3.17 Range $2.27 - $4.11

Q2 2015

Shares 226,587 Value ($000) $7,692 Avg Close $3.07 Range $1.70 - $4.21

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	38,036	$6,123	$160.56	$136.18 - $182.19
Q3 2025	38,119	$5,665	$135.57	$111.33 - $159.01
Q2 2025	27,444	$3,166	$100.02	$69.84 - $117.36
Q1 2025	47,519	$4,537	$108.97	$89.10 - $129.38
Q4 2024	24,783	$2,635	$97.26	$77.12 - $120.72
Q3 2024	16,784	$1,345	$69.07	$48.56 - $81.15
Q2 2024	18,221	$1,203	$66.33	$56.31 - $79.29
Q1 2022	975	$659	$82.11	$51.00 - $139.37
Q4 2021	976	$1,344	$146.12	$127.19 - $176.29
Q3 2021	1,404	$1,903	$149.84	$134.11 - $165.00
Q2 2021	1,404	$2,051	$123.22	$102.51 - $155.22
Q1 2021	1,030	$1,139	$120.82	$100.51 - $149.97
Q4 2020	1,111	$1,257	$104.97	$87.50 - $128.52
Q1 2019	732	$151	$17.66	$12.95 - $20.96
Q4 2018	732	$101	$14.08	$11.76 - $16.69
Q1 2018	927	$115	$12.94	$10.10 - $15.48
Q3 2017	1,672	$194	$10.21	$8.48 - $12.39
Q2 2017	88,176	$7,662	$8.46	$6.72 - $10.08
Q1 2017	344,439	$23,452	$5.76	$4.21 - $7.30
Q4 2016	1,048,134	$44,933	$4.20	$3.77 - $4.54
Q3 2016	1,097,857	$47,120	$3.82	$3.00 - $4.52
Q2 2016	105,134	$3,233	$2.92	$2.50 - $3.24
Q1 2016	296,886	$8,375	$2.37	$1.85 - $2.88
Q4 2015	288,721	$7,449	$2.94	$2.41 - $3.93
Q3 2015	290,187	$10,214	$3.17	$2.27 - $4.11
Q2 2015	226,587	$7,692	$3.07	$1.70 - $4.21