SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Sage Mountain Advisors LLC's Holding History (CIK: 0001832274)

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

Q4 2025

Shares 1,892 Value ($000) $305 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 2,533 Value ($000) $376 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 1,919 Value ($000) $221 Avg Close $100.02 Range $69.84 - $117.36

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,892	$305	$160.56	$136.18 - $182.19
Q3 2025	2,533	$376	$135.57	$111.33 - $159.01
Q2 2025	1,919	$221	$100.02	$69.84 - $117.36