SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

TB Alternative Assets Ltd.'s Holding History (CIK: 0001483503)

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

Q4 2025

Shares 17,074 Value ($000) $2,748 Avg Close $160.56 Range $136.18 - $182.19

Q1 2023

Shares 20,500 Value ($000) $983 Avg Close $44.00 Range $34.65 - $54.66

Q4 2022

Shares 141,000 Value ($000) $4,894 Avg Close $34.15 Range $23.63 - $45.06

Q3 2022

Shares 141,000 Value ($000) $3,799 Avg Close $34.02 Range $26.38 - $45.43

Q2 2022

Shares 141,000 Value ($000) $4,405 Avg Close $42.70 Range $29.76 - $74.13

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	17,074	$2,748	$160.56	$136.18 - $182.19
Q1 2023	20,500	$983	$44.00	$34.65 - $54.66
Q4 2022	141,000	$4,894	$34.15	$23.63 - $45.06
Q3 2022	141,000	$3,799	$34.02	$26.38 - $45.43
Q2 2022	141,000	$4,405	$42.70	$29.76 - $74.13