SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Alpha Cubed Investments, LLC's Holding History (CIK: 0001580830)

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

Q4 2025

Shares 26,816 Value ($000) $4,317 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 26,944 Value ($000) $4,004 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 27,251 Value ($000) $3,143 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 26,660 Value ($000) $2,545 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 9,562 Value ($000) $1,017 Avg Close $97.26 Range $77.12 - $120.72

Q3 2024

Shares 8,627 Value ($000) $691 Avg Close $69.07 Range $48.56 - $81.15

Q2 2024

Shares 6,599 Value ($000) $436 Avg Close $66.33 Range $56.31 - $79.29

Q1 2024

Shares 204,072 Value ($000) $15,748 Avg Close $79.00 Range $70.61 - $91.57

Q4 2023

Shares 136,672 Value ($000) $10,647 Avg Close $63.86 Range $45.50 - $79.99

Q3 2023

Shares 126,394 Value ($000) $6,897 Avg Close $60.59 Range $50.59 - $71.43

Q2 2023

Shares 3,210 Value ($000) $207 Avg Close $56.53 Range $43.50 - $67.36

Q1 2022

Shares 441 Value ($000) $298 Avg Close $82.11 Range $51.00 - $139.37

Q4 2021

Shares 557 Value ($000) $767 Avg Close $146.12 Range $127.19 - $176.29

Q3 2021

Shares 566 Value ($000) $767 Avg Close $149.84 Range $134.11 - $165.00

Q2 2021

Shares 612 Value ($000) $894 Avg Close $123.22 Range $102.51 - $155.22

Q1 2021

Shares 727 Value ($000) $804 Avg Close $120.82 Range $100.51 - $149.97

Q4 2020

Shares 793 Value ($000) $898 Avg Close $104.97 Range $87.50 - $128.52

Q3 2020

Shares 762 Value ($000) $780 Avg Close $99.42 Range $83.94 - $114.69

Q2 2020

Shares 965 Value ($000) $916 Avg Close $69.41 Range $33.45 - $95.88

Q1 2020

Shares 1,240 Value ($000) $517 Avg Close $45.08 Range $30.53 - $59.39

Q4 2019

Shares 1,053 Value ($000) $419 Avg Close $33.82 Range $28.21 - $41.66

Q3 2019

Shares 1,123 Value ($000) $350 Avg Close $34.24 Range $28.61 - $40.96

Q2 2019

Shares 1,063 Value ($000) $319 Avg Close $26.03 Range $19.04 - $33.89

Q1 2019

Shares 1,185 Value ($000) $245 Avg Close $17.66 Range $12.95 - $20.96

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	26,816	$4,317	$160.56	$136.18 - $182.19
Q3 2025	26,944	$4,004	$135.57	$111.33 - $159.01
Q2 2025	27,251	$3,143	$100.02	$69.84 - $117.36
Q1 2025	26,660	$2,545	$108.97	$89.10 - $129.38
Q4 2024	9,562	$1,017	$97.26	$77.12 - $120.72
Q3 2024	8,627	$691	$69.07	$48.56 - $81.15
Q2 2024	6,599	$436	$66.33	$56.31 - $79.29
Q1 2024	204,072	$15,748	$79.00	$70.61 - $91.57
Q4 2023	136,672	$10,647	$63.86	$45.50 - $79.99
Q3 2023	126,394	$6,897	$60.59	$50.59 - $71.43
Q2 2023	3,210	$207	$56.53	$43.50 - $67.36
Q1 2022	441	$298	$82.11	$51.00 - $139.37
Q4 2021	557	$767	$146.12	$127.19 - $176.29
Q3 2021	566	$767	$149.84	$134.11 - $165.00
Q2 2021	612	$894	$123.22	$102.51 - $155.22
Q1 2021	727	$804	$120.82	$100.51 - $149.97
Q4 2020	793	$898	$104.97	$87.50 - $128.52
Q3 2020	762	$780	$99.42	$83.94 - $114.69
Q2 2020	965	$916	$69.41	$33.45 - $95.88
Q1 2020	1,240	$517	$45.08	$30.53 - $59.39
Q4 2019	1,053	$419	$33.82	$28.21 - $41.66
Q3 2019	1,123	$350	$34.24	$28.61 - $40.96
Q2 2019	1,063	$319	$26.03	$19.04 - $33.89
Q1 2019	1,185	$245	$17.66	$12.95 - $20.96