SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

GUERRA PAN ADVISORS, LLC's Holding History (CIK: 0001910386)

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

Q4 2025

Shares 1,763 Value ($000) $284 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 1,763 Value ($000) $262 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 1,763 Value ($000) $203 Avg Close $100.02 Range $69.84 - $117.36

Q1 2024

Shares 2,713 Value ($000) $209 Avg Close $79.00 Range $70.61 - $91.57

Q4 2023

Shares 2,585 Value ($000) $201 Avg Close $63.86 Range $45.50 - $79.99

Q4 2021

Shares 259 Value ($000) $357 Avg Close $146.12 Range $127.19 - $176.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,763	$284	$160.56	$136.18 - $182.19
Q3 2025	1,763	$262	$135.57	$111.33 - $159.01
Q2 2025	1,763	$203	$100.02	$69.84 - $117.36
Q1 2024	2,713	$209	$79.00	$70.61 - $91.57
Q4 2023	2,585	$201	$63.86	$45.50 - $79.99
Q4 2021	259	$357	$146.12	$127.19 - $176.29