Shopify Inc SEC Filings

Shopify Inc. filed an 8-K announcing it issued a press release with financial results for the quarter ended September 30, 2025. The release is furnished as Exhibit 99.1.

The company states that the information provided under Item 2.02, including Exhibit 99.1, is furnished and not deemed filed under Section 18 of the Exchange Act, and will only be incorporated by reference into other filings if specifically referenced.

Shopify Inc. announced that Jessica Hertz, previously the company's General Counsel, has been appointed Chief Operating Officer effective October 9, 2025. Ms. Hertz, age 43, joined Shopify in 2021 and led global legal, communications, policy, talent, and trust functions as General Counsel. Her background includes roles in the White House, at Facebook, and at Jenner & Block LLP, and she holds a J.D. from the University of Chicago Law School and an A.B. from Harvard College. The filing states there are no arrangements, family relationships, or reportable transactions requiring disclosure in connection with the appointment.

Shopify Inc. filed a Form 144 notifying a proposed sale of 1,200 Class A shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $193,368. The filing lists total Class A shares outstanding as 1,220,418,767, so the proposed sale represents approximately 0.0001% of outstanding shares. The proposed sale date is 10/06/2025 and payment for the acquired shares was by cash on the same date.

The filer previously sold three separate blocks of 1,200 Class A shares each under 10b5-1 arrangements on 09/05/2025, 08/05/2025, and 07/07/2025, generating gross proceeds of $175,740, $149,700, and $139,512 respectively. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Form 144 notice by an insider of Shopify Inc. (SHOP) reports a proposed sale of 408 Class A subordinate voting shares on the Nasdaq with an aggregate market value of $58,527.72. The filer indicates these 408 shares arise from the vesting of 785 RSUs acquired from the issuer, with acquisition and proposed sale activity shown on 09/22/2025. The filing also discloses a recent sale of 400 shares on 09/09/2025 for $57,847.32. The notice includes the standard insider representation that the seller is not aware of undisclosed material adverse information about the issuer.

Form 144 notice for SHOP (Shopify Inc.) reports proposed sales of Class A Subordinate Voting Shares tied to option and RSU vesting on 09/22/2025. The filer lists two blocks: 446,584 shares (aggregate market value $64,031,213.92) and 17,885 shares (aggregate market value $2,564,305.42), with total outstanding shares shown as 1,220,418,767. Both blocks are to be sold on Nasdaq and were acquired on 09/22/2025 through vesting of options (446,584 shares) and vesting of RSUs (17,885 shares), with payment described as exercise of options/RSUs on the same date. The filing also discloses prior sales by Tobias Lutke: 17,865 shares on 09/02/2025 for $2,440,392.94 and 73,725 shares on 09/16/2025 for $10,798,552.36.

Form 144 filing for Shopify Inc. (SHOP) reports a proposed sale of 11,340 Class A Subordinate Voting Shares through broker Solium Capital in Calgary with an aggregate market value of $1,625,931.64 and an approximate sale date of 09/22/2025. The shares were acquired on 09/22/2025 by vesting of restricted stock units (RSUs); the filing also discloses the filer sold smaller blocks totaling 11,260 shares across four transactions from 06/30/2025 to 09/09/2025 generating listed gross proceeds. Several identifying fields for the filer and issuer (CIK, addresses, contact) appear blank in the provided content. The notice includes the required representation and signature language.

Insider notice to sell restricted shares and recent small dispositions. The form reports a proposed sale of 9,838 Class A Subordinate Voting Shares on 09/22/2025 through broker Solium Capital, with an aggregate market value of $1,410,570.79. The filer acquired 20,755 shares by vesting of RSUs on 09/22/2025, and intends to sell a portion of those shares. The filing also lists four prior sales by the same person over the past three months totaling 9,724 shares for gross proceeds of approximately $1,313,000.44. The issuer's outstanding share count is shown as 1,220,418,767, indicating the transactions are small relative to total equity.

Form 144 filed for SHOP discloses proposed sales of Class A Subordinate Voting Shares related to equity vesting. The notice lists two lots scheduled for sale on 09/22/2025: 10,261 shares with an aggregate market value of $1,471,232.69 and 171,145 shares with an aggregate market value of $24,538,770.10, both to be traded on NASDAQ. The securities were acquired on 09/22/2025 through vesting of RSUs and options, with 19,733 and 171,145 shares respectively recorded as vested. The filing also reports multiple prior sales by Harley Finkelstein in the past three months, including a 66,000-share sale on 08/06/2025 generating $9,806,996.20.

Shopify Inc. announced the departure of Chief Operating Officer and Vice President of Product Kasra Nejatian, whose last day will be September 12, 2025. The filing states Mr. Nejatian served the company for six years and that the executive team will absorb his responsibilities to ensure a seamless transition. The company expressed gratitude for his contributions and did not disclose a replacement, severance, or any changes to executive compensation. The report is limited to the officer departure and the planned internal coverage of duties.