SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Cambria Investment Management, L.P.'s Holding History (CIK: 0001529389)

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

Q4 2025
Shares 6,534 Value ($000) $1,052 Avg Close $160.56 Range $136.18 - $182.19
Q3 2025
Shares 2,523 Value ($000) $375 Avg Close $135.57 Range $111.33 - $159.01