SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

BTG Pactual Asset Management US LLC's Holding History (CIK: 0001569579)

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

Q4 2025

Shares 1,372 Value ($000) $221 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 1,372 Value ($000) $204 Avg Close $135.57 Range $111.33 - $159.01

Q1 2025

Shares 2,836 Value ($000) $271 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 2,836 Value ($000) $328 Avg Close $97.26 Range $77.12 - $120.72

Q3 2024

Shares 2,836 Value ($000) $4,132 Avg Close $69.07 Range $48.56 - $81.15

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,372	$221	$160.56	$136.18 - $182.19
Q3 2025	1,372	$204	$135.57	$111.33 - $159.01
Q1 2025	2,836	$271	$108.97	$89.10 - $129.38
Q4 2024	2,836	$328	$97.26	$77.12 - $120.72
Q3 2024	2,836	$4,132	$69.07	$48.56 - $81.15