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  4. [144] SHOPIFY INC. SEC Filing

Shopify officer plans sale of 10,394 shares

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

Rhea-AI Filing Summary

SHOPIFY INC. (SHOP) received a Form 144 notice from officer Jessica Hertz indicating a proposed sale of up to 10,394 Class A Subordinate Voting Shares through Morgan Stanley Smith Barney LLC. The shares have an aggregate market value of $1,606,337.61, based on a share count of 1,208,570,347 outstanding, with sales expected to occur on or about 08/27/2026 on NASDAQ. The filing also lists multiple tranches of restricted stock scheduled to vest under a registered plan between 12/29/2025 and 07/28/2026, with individual vesting amounts ranging from 37 to 2,595 shares.

Positive

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Negative

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Shares proposed to be sold 10,394 Class A Subordinate Voting Shares Maximum number of shares to be sold under Rule 144
Aggregate market value of shares $1,606,337.61 Value of 10,394 Class A Subordinate Voting Shares proposed for sale
Shares outstanding 1,208,570,347 Class A Subordinate Voting Shares Referenced share count for Shopify Inc.
Approximate date of sale 08/27/2026 Planned timing for potential Rule 144 sale on NASDAQ
Largest single restricted stock vesting tranche 2,595 shares Class A Subordinate Voting Shares vesting on 07/28/2026 under a registered plan
Notable restricted stock vesting tranche 1,455 shares Class A Subordinate Voting Shares vesting on 12/29/2025 under a registered plan
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Form 144 regulatory
"144: Filer Information"
Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.
Class A Subordinate Voting Shares financial
"Class A Subordinate Voting Shares | Morgan Stanley Smith Barney LLC"
Class A subordinate voting shares are a type of common stock that carries limited voting power compared with a superior share class; holders own the economic interest in the company but usually have less influence over major decisions than holders of higher-vote shares. For investors this matters because these shares can trade at different prices and offer the same upside and dividend rights but less control—like owning a seat on a bus instead of the driver’s seat.
Restricted Stock Vesting Under a Registered Plan financial
"Restricted Stock Vesting Under a Registered Plan | Issuer"

FAQ

What does the Form 144 filing by Jessica Hertz mean for SHOP (Shopify Inc.)?
The filing states that Jessica Hertz, an officer of Shopify Inc., plans a potential sale of up to 10,394 Class A Subordinate Voting Shares under Rule 144. It is a notice of a proposed sale, not a confirmation that the sale has occurred.

How many Shopify (SHOP) shares are covered by this Form 144?
The notice covers up to 10,394 Class A Subordinate Voting Shares of Shopify Inc. for potential sale through Morgan Stanley Smith Barney LLC, as disclosed in the Form 144 securities information section.

What is the approximate market value of the Shopify (SHOP) shares in this Form 144?
The filing lists an aggregate market value of $1,606,337.61 for the 10,394 Shopify Class A Subordinate Voting Shares proposed to be sold under Rule 144.

When might the Shopify (SHOP) shares in this Form 144 be sold?
The Form 144 indicates an approximate date of sale of 08/27/2026 for the proposed sale of Shopify Class A Subordinate Voting Shares on NASDAQ.

How many Shopify (SHOP) shares were outstanding as referenced in this Form 144?
The Form 144 references 1,208,570,347 Shopify Class A Subordinate Voting Shares outstanding, used as the share count in the securities information section.

What restricted stock vesting is disclosed in the Shopify (SHOP) Form 144?
The notice lists several tranches of restricted stock vesting under a registered plan between 12/29/2025 and 07/28/2026, including individual vesting events such as 1,455, 1,487, and 2,595 Class A Subordinate Voting Shares.

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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

Source: View Original Filing on SEC EDGAR