SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Norinchukin Bank, The's Holding History (CIK: 0001496637)

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

Q4 2025

Shares 40,843 Value ($000) $6,574 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 34,252 Value ($000) $5,090 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 35,674 Value ($000) $4,115 Avg Close $100.02 Range $69.84 - $117.36

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	40,843	$6,574	$160.56	$136.18 - $182.19
Q3 2025	34,252	$5,090	$135.57	$111.33 - $159.01
Q2 2025	35,674	$4,115	$100.02	$69.84 - $117.36