SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

GAM Holding AG's Holding History (CIK: 0001438848)

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

Q4 2025

Shares 7,272 Value ($000) $1,171 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 2,900 Value ($000) $431 Avg Close $135.57 Range $111.33 - $159.01

Q2 2022

Shares 117,460 Value ($000) $3,669 Avg Close $42.70 Range $29.76 - $74.13

Q1 2022

Shares 18,512 Value ($000) $12,513 Avg Close $82.11 Range $51.00 - $139.37

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	7,272	$1,171	$160.56	$136.18 - $182.19
Q3 2025	2,900	$431	$135.57	$111.33 - $159.01
Q2 2022	117,460	$3,669	$42.70	$29.76 - $74.13
Q1 2022	18,512	$12,513	$82.11	$51.00 - $139.37