SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

G2 Investment Partners Management LLC's Holding History (CIK: 0001593404)

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

Q3 2016

Shares 11,492 Value ($000) $493 Avg Close $3.82 Range $3.00 - $4.52

Q2 2016

Shares 47,488 Value ($000) $1,461 Avg Close $2.92 Range $2.50 - $3.24

Q4 2015

Shares 60,549 Value ($000) $1,562 Avg Close $2.94 Range $2.41 - $3.93

Q2 2015

Shares 42,892 Value ($000) $1,456 Avg Close $3.07 Range $1.70 - $4.21

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	11,492	$493	$3.82	$3.00 - $4.52
Q2 2016	47,488	$1,461	$2.92	$2.50 - $3.24
Q4 2015	60,549	$1,562	$2.94	$2.41 - $3.93
Q2 2015	42,892	$1,456	$3.07	$1.70 - $4.21