SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Darsana Capital Partners LP's Holding History (CIK: 0001609098)

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

Q4 2021

Shares 145,000 Value ($000) $199,722 Avg Close $146.12 Range $127.19 - $176.29

Q3 2021

Shares 225,000 Value ($000) $305,051 Avg Close $149.84 Range $134.11 - $165.00

Q2 2021

Shares 150,000 Value ($000) $219,147 Avg Close $123.22 Range $102.51 - $155.22

Q1 2021

Shares 115,000 Value ($000) $127,248 Avg Close $120.82 Range $100.51 - $149.97

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2021	145,000	$199,722	$146.12	$127.19 - $176.29
Q3 2021	225,000	$305,051	$149.84	$134.11 - $165.00
Q2 2021	150,000	$219,147	$123.22	$102.51 - $155.22
Q1 2021	115,000	$127,248	$120.82	$100.51 - $149.97