SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Route One Investment Company, L.P.'s Holding History (CIK: 0001512171)

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

Q1 2022

Shares 254,675 Value ($000) $172,150 Avg Close $82.11 Range $51.00 - $139.37

Q4 2021

Shares 148,175 Value ($000) $204,095 Avg Close $146.12 Range $127.19 - $176.29

Q3 2021

Shares 129,450 Value ($000) $175,506 Avg Close $149.84 Range $134.11 - $165.00

Q2 2021

Shares 129,450 Value ($000) $189,124 Avg Close $123.22 Range $102.51 - $155.22

Q1 2021

Shares 129,450 Value ($000) $143,236 Avg Close $120.82 Range $100.51 - $149.97

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2022	254,675	$172,150	$82.11	$51.00 - $139.37
Q4 2021	148,175	$204,095	$146.12	$127.19 - $176.29
Q3 2021	129,450	$175,506	$149.84	$134.11 - $165.00
Q2 2021	129,450	$189,124	$123.22	$102.51 - $155.22
Q1 2021	129,450	$143,236	$120.82	$100.51 - $149.97