SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Black Swift Group, LLC's Holding History (CIK: 0001704212)

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

Q4 2025

Shares 15,550 Value ($000) $2,503 Avg Close $160.56 Range $136.18 - $182.19

Q1 2025

Shares 3,800 Value ($000) $363 Avg Close $108.97 Range $89.10 - $129.38

Q3 2022

Shares 16,500 Value ($000) $444 Avg Close $34.02 Range $26.38 - $45.43

Q2 2021

Shares 1,086 Value ($000) $1,587 Avg Close $123.22 Range $102.51 - $155.22

Q1 2021

Shares 700 Value ($000) $775 Avg Close $120.82 Range $100.51 - $149.97

Q4 2020

Shares 50 Value ($000) $57 Avg Close $104.97 Range $87.50 - $128.52

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	15,550	$2,503	$160.56	$136.18 - $182.19
Q1 2025	3,800	$363	$108.97	$89.10 - $129.38
Q3 2022	16,500	$444	$34.02	$26.38 - $45.43
Q2 2021	1,086	$1,587	$123.22	$102.51 - $155.22
Q1 2021	700	$775	$120.82	$100.51 - $149.97
Q4 2020	50	$57	$104.97	$87.50 - $128.52