STOCK TITAN

[144] SHOPIFY INC. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

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.

Form 144 presentato per SHOP rivela le vendite proposte di azioni ordinarie subordinate di Classe A legate all'acquisizione di capitale. L'avviso elenca due lotti previsti per vendita il 22/09/2025: 10.261 azioni con valore di mercato aggregato di 1.471.232,69 USD e 171.145 azioni con valore di mercato aggregato di 24.538.770,10 USD, entrambe da negoziare sul NASDAQ. Le azioni sono state acquisite il 22/09/2025 mediante vesting di RSU e opzioni, con 19.733 e 171.145 azioni registrate rispettivamente come acquisite. Il fascicolo segnala anche diverse vendite precedenti effettuate da Harley Finkelstein negli ultimi tre mesi, tra cui una vendita di 66.000 azioni il 06/08/2025 che ha generato 9.806.996,20 USD.

Form 144 presentado para SHOP revela las ventas propuestas de Acciones Ordinarias Subordinadas Clase A relacionadas con la adquisición de capital. El aviso enumera dos lotes previstos para venta el 22/09/2025: 10,261 acciones con un valor de mercado agregado de 1.471.232,69 USD y 171.145 acciones con un valor de mercado agregado de 24.538.770,10 USD, ambos para operar en NASDAQ. Los valores se adquirieron el 22/09/2025 mediante vesting de RSU y opciones, con 19.733 y 171.145 acciones registradas como adquiridas. El expediente también informa varias ventas previas de Harley Finkelstein en los últimos tres meses, incluida una venta de 66.000 acciones el 06/08/2025 que generó 9.806.996,20 USD.

SHOP용 Form 144 제출은 자본 취득과 관련된 A급 종속 의결권 주식의 예정 판매를 공개합니다. 공지에는 2025-09-22에 판매될 두 건의 매매가 나와 있습니다: 합계 10,261주로 총 시가가 1,471,232.69달러, 합계 171,145주로 총 시가가 24,538,770.10달러이며, 두 건 모두 NASDAQ에서 거래될 예정입니다. 이 증권은 2025-09-22 RSU 및 옵션의 취득으로 인수되었으며, 각각 19,733주와 171,145주가 취득으로 기록되었습니다. 제출 문서는 또한 지난 3개월간 Harley Finkelstein의 다수의 선매 매도를 보고하며, 그중 2025-08-06에 66,000주 매도가 9,806,996.20달러를 발생시켰습니다.

Formulaire 144 déposé pour SHOP révèle des ventes proposées d'actions de classe A à droit de vote subordonné liées à l'acquisition d'actions (vesting). L'avis répertorie deux lots prévus pour une vente le 22/09/2025 : 10 261 actions d'une valeur marchande totale de 1 471 232,69 USD et 171 145 actions d'une valeur marchande totale de 24 538 770,10 USD, toutes deux négociées sur le NASDAQ. Les titres ont été acquis le 22/09/2025 par vesting de RSU et d'options, avec 19 733 et 171 145 actions respectivement enregistrées comme acquises. Le dépôt signale également plusieurs ventes antérieures par Harley Finkelstein au cours des trois mois passés, dont une vente de 66 000 actions le 06/08/2025 générant 9 806 996,20 USD.

Formular 144 eingereicht für SHOP offenbart vorgeschlagene Verkäufe von Class A Subordinate Voting Shares im Zusammenhang mit der Aktienvergabe (Vesting). Die Mitteilung listet zwei Lose auf, die am 22.09.2025 verkauft werden sollen: 10.261 Aktien mit einem aggregierten Marktwert von 1.471.232,69 USD und 171.145 Aktien mit einem aggregierten Marktwert von 24.538.770,10 USD, beide an der NASDAQ gehandelt. Die Wertpapiere wurden am 22.09.2025 durch Vesting von RSUs und Optionen erworben, wobei 19.733 bzw. 171.145 Aktien jeweils als erworben verzeichnet sind. Die Einreichung berichtet außerdem von mehreren früheren Verkäufen durch Harley Finkelstein in den letzten drei Monaten, darunter ein Verkauf von 66.000 Aktien am 06.08.2025, der 9.806.996,20 USD einbrachte.

نموذج 144 المقدم لشركة SHOP يكشف عن مبيعات مقترحة لأسهم التصويت الفرعي من الفئة A المرتبطة بتملك الأسهم (الاستحقاق). يدرج الإشعار حالتين مقترحتين للبيع في 22/09/2025: 10,261 سهماً بقيمة سوقية إجمالية قدرها 1,471,232.69 دولار و171,145 سهماً بقيمة سوقية إجمالية قدرها 24,538,770.10 دولار، وكلاهما يُتداول في NASDAQ. تم شراء الأوراق المالية في 22/09/2025 من خلال استحقاق RSU وخيارات، مع تسجيل 19,733 و171,145 سهماً كمستحوذ عليها. كما يذكر الملف أيضاً عدة مبيعات سابقة من هارلي فِنكِلستين خلال الأشهر الثلاثة الماضية، بما فيها بيع 66,000 سهم في 08/06/2025 حقق 9,806,996.20 دولاراً.

为 SHOP 提交的 Form 144 披露了与股权归属相关的 A 类次级投票股的拟议出售。通知列出计划于 2025-09-22 进行出售的两批:10,261 股,总市值 1,471,232.69 美元,以及 171,145 股,总市值 24,538,770.10 美元,均将在 NASDAQ 交易。证券是在 2025-09-22 通过 RSU 与期权的归属而取得,分别有 19,733 股和 171,145 股被记为已归属。文件还报告了 Harley Finkelstein 在过去三个月内的多笔前次交易,其中包括 2025-08-06 的 66,000 股交易,获利 9,806,996.20 美元。

Positive
  • Rule 144 disclosure provided for planned sales, showing compliance with securities sale notification requirements
  • Acquisitions are documented as vesting of RSUs and options, clarifying the source of the shares to be sold
Negative
  • Planned sale of 171,145 shares on 09/22/2025 with an aggregate market value of $24,538,770.10
  • Multiple recent insider sales by Harley Finkelstein in the past three months, including a 66,000-share sale generating $9,806,996.20

Insights

TL;DR: Routine insider sale notice tied to equity vesting; shows meaningful planned liquidation but no new company fundamentals.

The Form 144 documents planned disposition of vested Class A shares totaling 181,406 shares to be sold on 09/22/2025 with stated aggregate market values. These sales arise from RSU and option vesting events rather than open-market purchases, and the shares are to trade on NASDAQ. Prior dispositions by Harley Finkelstein over the past three months are disclosed, including several significant blocks that produced notable gross proceeds. From a market-impact perspective, the combined announced amount is sizable in absolute dollars but the filing contains no operational or financial performance data to change a valuation model.

TL;DR: Disclosure complies with Rule 144 mechanics; multiple recent insider sales are transparent but warrant monitoring.

The filing indicates compliance with required notice for proposed sales of securities acquired via vesting. It identifies the nature of acquisition (RSUs and options) and aggregates past sales by the named individual, providing traceability of insider liquidity. While the filing itself is a routine compliance document, the pattern of recurring sales by the same insider over several months is clearly documented here, which is relevant for governance and insider-activity oversight though not inherently a governance violation.

Form 144 presentato per SHOP rivela le vendite proposte di azioni ordinarie subordinate di Classe A legate all'acquisizione di capitale. L'avviso elenca due lotti previsti per vendita il 22/09/2025: 10.261 azioni con valore di mercato aggregato di 1.471.232,69 USD e 171.145 azioni con valore di mercato aggregato di 24.538.770,10 USD, entrambe da negoziare sul NASDAQ. Le azioni sono state acquisite il 22/09/2025 mediante vesting di RSU e opzioni, con 19.733 e 171.145 azioni registrate rispettivamente come acquisite. Il fascicolo segnala anche diverse vendite precedenti effettuate da Harley Finkelstein negli ultimi tre mesi, tra cui una vendita di 66.000 azioni il 06/08/2025 che ha generato 9.806.996,20 USD.

Form 144 presentado para SHOP revela las ventas propuestas de Acciones Ordinarias Subordinadas Clase A relacionadas con la adquisición de capital. El aviso enumera dos lotes previstos para venta el 22/09/2025: 10,261 acciones con un valor de mercado agregado de 1.471.232,69 USD y 171.145 acciones con un valor de mercado agregado de 24.538.770,10 USD, ambos para operar en NASDAQ. Los valores se adquirieron el 22/09/2025 mediante vesting de RSU y opciones, con 19.733 y 171.145 acciones registradas como adquiridas. El expediente también informa varias ventas previas de Harley Finkelstein en los últimos tres meses, incluida una venta de 66.000 acciones el 06/08/2025 que generó 9.806.996,20 USD.

SHOP용 Form 144 제출은 자본 취득과 관련된 A급 종속 의결권 주식의 예정 판매를 공개합니다. 공지에는 2025-09-22에 판매될 두 건의 매매가 나와 있습니다: 합계 10,261주로 총 시가가 1,471,232.69달러, 합계 171,145주로 총 시가가 24,538,770.10달러이며, 두 건 모두 NASDAQ에서 거래될 예정입니다. 이 증권은 2025-09-22 RSU 및 옵션의 취득으로 인수되었으며, 각각 19,733주와 171,145주가 취득으로 기록되었습니다. 제출 문서는 또한 지난 3개월간 Harley Finkelstein의 다수의 선매 매도를 보고하며, 그중 2025-08-06에 66,000주 매도가 9,806,996.20달러를 발생시켰습니다.

Formulaire 144 déposé pour SHOP révèle des ventes proposées d'actions de classe A à droit de vote subordonné liées à l'acquisition d'actions (vesting). L'avis répertorie deux lots prévus pour une vente le 22/09/2025 : 10 261 actions d'une valeur marchande totale de 1 471 232,69 USD et 171 145 actions d'une valeur marchande totale de 24 538 770,10 USD, toutes deux négociées sur le NASDAQ. Les titres ont été acquis le 22/09/2025 par vesting de RSU et d'options, avec 19 733 et 171 145 actions respectivement enregistrées comme acquises. Le dépôt signale également plusieurs ventes antérieures par Harley Finkelstein au cours des trois mois passés, dont une vente de 66 000 actions le 06/08/2025 générant 9 806 996,20 USD.

Formular 144 eingereicht für SHOP offenbart vorgeschlagene Verkäufe von Class A Subordinate Voting Shares im Zusammenhang mit der Aktienvergabe (Vesting). Die Mitteilung listet zwei Lose auf, die am 22.09.2025 verkauft werden sollen: 10.261 Aktien mit einem aggregierten Marktwert von 1.471.232,69 USD und 171.145 Aktien mit einem aggregierten Marktwert von 24.538.770,10 USD, beide an der NASDAQ gehandelt. Die Wertpapiere wurden am 22.09.2025 durch Vesting von RSUs und Optionen erworben, wobei 19.733 bzw. 171.145 Aktien jeweils als erworben verzeichnet sind. Die Einreichung berichtet außerdem von mehreren früheren Verkäufen durch Harley Finkelstein in den letzten drei Monaten, darunter ein Verkauf von 66.000 Aktien am 06.08.2025, der 9.806.996,20 USD einbrachte.

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

FAQ

What shares does the SHOP Form 144 propose to sell?

The notice proposes sale of 10,261 and 171,145 Class A Subordinate Voting Shares to be sold on 09/22/2025 on NASDAQ.

Why were the securities acquired that are being sold under Rule 144?

The securities were acquired through vesting of RSUs and options on 09/22/2025, as stated in the filing.

Who has sold SHOP shares in the past three months according to the filing?

The filing lists multiple sales by Harley Finkelstein, including sales on dates from 06/30/2025 to 09/15/2025.

What was the largest recent insider sale reported in the filing?

A sale of 66,000 shares on 08/06/2025 produced gross proceeds of $9,806,996.20.

On which exchange will the proposed sales be executed?

The filing states that the proposed sales will be executed on NASDAQ.
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