SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

HARBOR INVESTMENT ADVISORY, LLC's Holding History (CIK: 0001468792)

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

Q4 2025

Shares 4,124 Value ($000) $664 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 3,980 Value ($000) $591 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 4,180 Value ($000) $482 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 4,386 Value ($000) $419 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 4,386 Value ($000) $466 Avg Close $97.26 Range $77.12 - $120.72

Q3 2024

Shares 4,148 Value ($000) $332 Avg Close $69.07 Range $48.56 - $81.15

Q2 2024

Shares 4,723 Value ($000) $312 Avg Close $66.33 Range $56.31 - $79.29

Q1 2024

Shares 4,158 Value ($000) $321 Avg Close $79.00 Range $70.61 - $91.57

Q4 2023

Shares 4,225 Value ($000) $329 Avg Close $63.86 Range $45.50 - $79.99

Q3 2023

Shares 4,455 Value ($000) $243 Avg Close $60.59 Range $50.59 - $71.43

Q2 2023

Shares 9,409 Value ($000) $608 Avg Close $56.53 Range $43.50 - $67.36

Q1 2023

Shares 9,891 Value ($000) $474 Avg Close $44.00 Range $34.65 - $54.66

Q4 2022

Shares 11,311 Value ($000) $393 Avg Close $34.15 Range $23.63 - $45.06

Q3 2022

Shares 12,369 Value ($000) $333 Avg Close $34.02 Range $26.38 - $45.43

Q2 2022

Shares 10,375 Value ($000) $318 Avg Close $42.70 Range $29.76 - $74.13

Q1 2022

Shares 1,088 Value ($000) $735 Avg Close $82.11 Range $51.00 - $139.37

Q4 2021

Shares 1,385 Value ($000) $1,908 Avg Close $146.12 Range $127.19 - $176.29

Q3 2021

Shares 1,383 Value ($000) $1,875 Avg Close $149.84 Range $134.11 - $165.00

Q2 2021

Shares 1,370 Value ($000) $2,002 Avg Close $123.22 Range $102.51 - $155.22

Q1 2021

Shares 1,399 Value ($000) $1,548 Avg Close $120.82 Range $100.51 - $149.97

Q4 2020

Shares 1,425 Value ($000) $1,613 Avg Close $104.97 Range $87.50 - $128.52

Q3 2020

Shares 1,100 Value ($000) $1,125 Avg Close $99.42 Range $83.94 - $114.69

Q2 2020

Shares 1,295 Value ($000) $1,229 Avg Close $69.41 Range $33.45 - $95.88

Q1 2020

Shares 776 Value ($000) $324 Avg Close $45.08 Range $30.53 - $59.39

Q4 2019

Shares 700 Value ($000) $278 Avg Close $33.82 Range $28.21 - $41.66

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,124	$664	$160.56	$136.18 - $182.19
Q3 2025	3,980	$591	$135.57	$111.33 - $159.01
Q2 2025	4,180	$482	$100.02	$69.84 - $117.36
Q1 2025	4,386	$419	$108.97	$89.10 - $129.38
Q4 2024	4,386	$466	$97.26	$77.12 - $120.72
Q3 2024	4,148	$332	$69.07	$48.56 - $81.15
Q2 2024	4,723	$312	$66.33	$56.31 - $79.29
Q1 2024	4,158	$321	$79.00	$70.61 - $91.57
Q4 2023	4,225	$329	$63.86	$45.50 - $79.99
Q3 2023	4,455	$243	$60.59	$50.59 - $71.43
Q2 2023	9,409	$608	$56.53	$43.50 - $67.36
Q1 2023	9,891	$474	$44.00	$34.65 - $54.66
Q4 2022	11,311	$393	$34.15	$23.63 - $45.06
Q3 2022	12,369	$333	$34.02	$26.38 - $45.43
Q2 2022	10,375	$318	$42.70	$29.76 - $74.13
Q1 2022	1,088	$735	$82.11	$51.00 - $139.37
Q4 2021	1,385	$1,908	$146.12	$127.19 - $176.29
Q3 2021	1,383	$1,875	$149.84	$134.11 - $165.00
Q2 2021	1,370	$2,002	$123.22	$102.51 - $155.22
Q1 2021	1,399	$1,548	$120.82	$100.51 - $149.97
Q4 2020	1,425	$1,613	$104.97	$87.50 - $128.52
Q3 2020	1,100	$1,125	$99.42	$83.94 - $114.69
Q2 2020	1,295	$1,229	$69.41	$33.45 - $95.88
Q1 2020	776	$324	$45.08	$30.53 - $59.39
Q4 2019	700	$278	$33.82	$28.21 - $41.66