SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Hilton Capital Management, LLC's Holding History (CIK: 0001541211)

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

Q3 2017
Shares 2,500 Value ($000) $291 Avg Close $10.21 Range $8.48 - $12.39
Q1 2017
Shares 3,366 Value ($000) $229 Avg Close $5.76 Range $4.21 - $7.30