SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Janney Capital Management LLC's Holding History (CIK: 0001569855)

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

Q4 2025

Shares 76,007 Value ($000) $12 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 76,771 Value ($000) $11 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 79,282 Value ($000) $9 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 56,889 Value ($000) $5 Avg Close $108.97 Range $89.10 - $129.38

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	76,007	$12	$160.56	$136.18 - $182.19
Q3 2025	76,771	$11	$135.57	$111.33 - $159.01
Q2 2025	79,282	$9	$100.02	$69.84 - $117.36
Q1 2025	56,889	$5	$108.97	$89.10 - $129.38