SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q4 2025

Shares 1,932,932 Value ($000) $311,669 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 1,731,048 Value ($000) $257 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 1,759,717 Value ($000) $202 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 714 Value ($000) $0 Avg Close $108.97 Range $89.10 - $129.38

Q3 2016

Shares 45,700 Value ($000) $1,962 Avg Close $3.82 Range $3.00 - $4.52

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,932,932	$311,669	$160.56	$136.18 - $182.19
Q3 2025	1,731,048	$257	$135.57	$111.33 - $159.01
Q2 2025	1,759,717	$202	$100.02	$69.84 - $117.36
Q1 2025	714	$0	$108.97	$89.10 - $129.38
Q3 2016	45,700	$1,962	$3.82	$3.00 - $4.52