SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

McAdam, LLC's Holding History (CIK: 0001695490)

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

Q3 2018

Shares 10 Value ($000) $2 Avg Close $15.23 Range $13.06 - $17.66

Q2 2018

Shares 8 Value ($000) $1 Avg Close $14.15 Range $11.25 - $17.51

Q1 2018

Shares 109 Value ($000) $14 Avg Close $12.94 Range $10.10 - $15.48

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	10	$2	$15.23	$13.06 - $17.66
Q2 2018	8	$1	$14.15	$11.25 - $17.51
Q1 2018	109	$14	$12.94	$10.10 - $15.48