SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Sustainable Growth Advisers, LP's Holding History (CIK: 0001290668)

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

Q4 2025

Shares 60,651 Value ($000) $9,763 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 90,842 Value ($000) $13,500 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 128,662 Value ($000) $14,841 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 115,085 Value ($000) $10,988 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 106,779 Value ($000) $11,354 Avg Close $97.26 Range $77.12 - $120.72

Q3 2024

Shares 154,301 Value ($000) $12,366 Avg Close $69.07 Range $48.56 - $81.15

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	60,651	$9,763	$160.56	$136.18 - $182.19
Q3 2025	90,842	$13,500	$135.57	$111.33 - $159.01
Q2 2025	128,662	$14,841	$100.02	$69.84 - $117.36
Q1 2025	115,085	$10,988	$108.97	$89.10 - $129.38
Q4 2024	106,779	$11,354	$97.26	$77.12 - $120.72
Q3 2024	154,301	$12,366	$69.07	$48.56 - $81.15