SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Saxony Capital Management, LLC's Holding History (CIK: 0001561330)

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

Q4 2025

Shares 3,104 Value ($000) $500 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 2,943 Value ($000) $437 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 3,412 Value ($000) $394 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 3,055 Value ($000) $292 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 3,245 Value ($000) $345 Avg Close $97.26 Range $77.12 - $120.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	3,104	$500	$160.56	$136.18 - $182.19
Q3 2025	2,943	$437	$135.57	$111.33 - $159.01
Q2 2025	3,412	$394	$100.02	$69.84 - $117.36
Q1 2025	3,055	$292	$108.97	$89.10 - $129.38
Q4 2024	3,245	$345	$97.26	$77.12 - $120.72