SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

Ampersand Capital Group, L.P.'s Holding History (CIK: 0002059671)

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

Q4 2025

Shares 184,763 Value ($000) $29,741 Avg Close $160.56 Range $136.18 - $182.19

Q3 2025

Shares 184,763 Value ($000) $27,458 Avg Close $135.57 Range $111.33 - $159.01

Q2 2025

Shares 184,763 Value ($000) $21,312 Avg Close $100.02 Range $69.84 - $117.36

Q1 2025

Shares 175,013 Value ($000) $16,710 Avg Close $108.97 Range $89.10 - $129.38

Q4 2024

Shares 175,013 Value ($000) $18,609 Avg Close $97.26 Range $77.12 - $120.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	184,763	$29,741	$160.56	$136.18 - $182.19
Q3 2025	184,763	$27,458	$135.57	$111.33 - $159.01
Q2 2025	184,763	$21,312	$100.02	$69.84 - $117.36
Q1 2025	175,013	$16,710	$108.97	$89.10 - $129.38
Q4 2024	175,013	$18,609	$97.26	$77.12 - $120.72