SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Chapman Investment Management, LLC's Holding History (CIK: 0001751006)

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

Q4 2021

Shares 285 Value ($000) $393 Avg Close $146.12 Range $127.19 - $176.29

Q3 2021

Shares 285 Value ($000) $386 Avg Close $149.84 Range $134.11 - $165.00

Q2 2021

Shares 285 Value ($000) $416 Avg Close $123.22 Range $102.51 - $155.22

Q1 2021

Shares 285 Value ($000) $315 Avg Close $120.82 Range $100.51 - $149.97

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2021	285	$393	$146.12	$127.19 - $176.29
Q3 2021	285	$386	$149.84	$134.11 - $165.00
Q2 2021	285	$416	$123.22	$102.51 - $155.22
Q1 2021	285	$315	$120.82	$100.51 - $149.97