SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Orion Investment Co's Holding History (CIK: 0002033920)

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

Q4 2025

Shares 49,480 Value ($000) $7,965 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 48,722 Value ($000) $7,241 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 44,499 Value ($000) $5,133 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 45,224 Value ($000) $4,318 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 37,914 Value ($000) $4,031 Avg Close $97.26 Range $77.12 - $120.72

Q3 2024

Shares 37,554 Value ($000) $3,010 Avg Close $69.07 Range $48.56 - $81.15

Q2 2024

Shares 36,889 Value ($000) $2,437 Avg Close $66.33 Range $56.31 - $79.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	49,480	$7,965	$160.56	$136.18 - $182.19
Q3 2025	48,722	$7,241	$135.57	$111.33 - $159.01
Q2 2025	44,499	$5,133	$100.02	$69.84 - $117.36
Q1 2025	45,224	$4,318	$108.97	$89.10 - $129.38
Q4 2024	37,914	$4,031	$97.26	$77.12 - $120.72
Q3 2024	37,554	$3,010	$69.07	$48.56 - $81.15
Q2 2024	36,889	$2,437	$66.33	$56.31 - $79.29