SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

R Squared Ltd's Holding History (CIK: 0001896148)

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

Q4 2025

Shares 1,406 Value ($000) $226 Avg Close $160.56 Range $136.18 - $182.19

Q2 2025

Shares 7,066 Value ($000) $815 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 6,922 Value ($000) $661 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 1,200 Value ($000) $128 Avg Close $97.26 Range $77.12 - $120.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,406	$226	$160.56	$136.18 - $182.19
Q2 2025	7,066	$815	$100.02	$69.84 - $117.36
Q1 2025	6,922	$661	$108.97	$89.10 - $129.38
Q4 2024	1,200	$128	$97.26	$77.12 - $120.72