[144] Lightspeed Commerce Inc. SEC Filing

Rhea-AI Filing Summary

Lightspeed Commerce Inc. (LSPD) Form 144 notice: An insider intends to sell 2,121 subordinate voting shares with an aggregate market value of $25,375.86, representing a small fraction of the 135,244,003 shares outstanding. The sale is planned for 09/08/2025 on the NYSE through broker Solium Capital (600 3rd Avenue SW, Calgary). The securities were acquired via RSU vesting on 09/08/2025. The filer disclosed recent sales by John Shapiro of 848 shares on 08/25/2025 for $10,232.05 and 1,818 shares on 06/09/2025 for $21,011.72. The filer certifies no undisclosed material adverse information and notes potential reliance on a trading plan or instructions where applicable.

Positive

• Full disclosure of sale details: class, amount (2,121 shares), aggregate value ($25,375.86), planned sale date (09/08/2025) and exchange (NYSE).
• Source of shares clarified: securities acquired via RSU vesting on 09/08/2025, indicating compensation-related shares rather than third-party transfers.
• Recent insider sale history provided: prior sales by John Shapiro (848 and 1,818 shares) with gross proceeds listed, improving transparency.

Negative

• No specific signer identified in the provided content fields for the filer or signature block details are missing.
• Broker contact details limited: broker listed as Solium Capital with an address but no phone or email for verification in this notice.

Insights

Securities Analyst

TL;DR: Insider plans to sell a modest number of RSU-vested shares; transaction size is immaterial relative to outstanding shares.

The notice reports an intended sale of 2,121 subordinate voting shares valued at $25,375.86, scheduled for 09/08/2025 on the NYSE via Solium Capital. Acquisition is recorded as RSU vesting on the same date, indicating these are newly vested compensation shares rather than open-market shares held long-term. Prior insider sales by John Shapiro total 2,666 shares in the past three months, generating combined gross proceeds of $31,243.77. From a market-impact perspective, the volumes disclosed are small versus 135.24 million shares outstanding, so the filing appears routine and not materially dilutive.

Corporate Governance Expert

TL;DR: Disclosure aligns with Rule 144 requirements; representations about material nonpublic information and potential 10b5-1 plan are noted.

The filer affirms the statutory representation that no material adverse nonpublic information exists at signing and references the possibility of a Rule 10b5-1 trading plan or instruction by providing adoption/instruction date fields. The explicit identification of the acquisition as RSU vesting supports transparency regarding the source of shares. There is no indication of unusual timing or amounts that would raise governance or insider trading governance concerns based on the information provided.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Subordinate Voting Shares	Solium Capital 600 3rd Avenue SW Calgary A0 T2P 0G5	2121	25375.86	135244003	09/08/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Subordinate Voting Shares	09/08/2025	RSU Vest	Issuer			2121	09/08/2025	RSU vest

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
John Shapiro 700 Saint-Antoine Street East Suite 300 Montreal A8 H2Y 1A6	Subordinate Voting Shares	08/25/2025	848	10232.05
John Shapiro 700 Saint-Antoine Street East Suite 300 Montreal A8 H2Y 1A6	Subordinate Voting Shares	06/09/2025	1818	21011.72

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed by LSPD disclose about the planned sale?

The filing discloses an intended sale of 2,121 subordinate voting shares valued at $25,375.86, planned for 09/08/2025 on the NYSE through Solium Capital.

How were the shares to be sold by LSPD acquired?

The shares were acquired via RSU vesting on 09/08/2025, and the nature of acquisition is listed as an RSU vest.

Has the filer sold any LSPD shares recently?

Yes. The filing reports John Shapiro sold 848 shares on 08/25/2025 for $10,232.05 and 1,818 shares on 06/09/2025 for $21,011.72.

What proportion of outstanding shares does this sale represent for LSPD?

The filing lists 135,244,003 shares outstanding; the 2,121 shares to be sold are a very small fraction of that total.

Does the filer assert they have any undisclosed material information?

The filer represents by signing the notice that they do not know any material adverse information about the issuer that has not been publicly disclosed.