SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

M1 Capital Management LLC's Holding History (CIK: 0001976157)

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

Q4 2025

Shares 2,100 Value ($000) $338 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 2,160 Value ($000) $321 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 2,160 Value ($000) $249 Avg Close $100.02 Range $69.84 - $117.36

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	2,100	$338	$160.56	$136.18 - $182.19
Q3 2025	2,160	$321	$135.57	$111.33 - $159.01
Q2 2025	2,160	$249	$100.02	$69.84 - $117.36