SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

SCS Capital Management LLC's Holding History (CIK: 0001303159)

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

Q4 2025

Shares 13,759 Value ($000) $2,215 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 13,789 Value ($000) $2,049 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 14,643 Value ($000) $1,689 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 11,531 Value ($000) $1,101 Avg Close $108.97 Range $89.10 - $129.38

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	13,759	$2,215	$160.56	$136.18 - $182.19
Q3 2025	13,789	$2,049	$135.57	$111.33 - $159.01
Q2 2025	14,643	$1,689	$100.02	$69.84 - $117.36
Q1 2025	11,531	$1,101	$108.97	$89.10 - $129.38