SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Generali Asset Management SPA SGR's Holding History (CIK: 0002046751)

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

Q4 2025

Shares 74,594 Value ($000) $16,485 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 100,145 Value ($000) $20,706 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 93,504 Value ($000) $14,686 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 92,790 Value ($000) $12,703 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 62,574 Value ($000) $9,573 Avg Close $97.26 Range $77.12 - $120.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	74,594	$16,485	$160.56	$136.18 - $182.19
Q3 2025	100,145	$20,706	$135.57	$111.33 - $159.01
Q2 2025	93,504	$14,686	$100.02	$69.84 - $117.36
Q1 2025	92,790	$12,703	$108.97	$89.10 - $129.38
Q4 2024	62,574	$9,573	$97.26	$77.12 - $120.72