Form 144: Proposed sale of 1,200 Class A shares

Morgan Stanley Smith Barney LLC submitted a Form 144 notice relating to proposed sales of Class A shares tied to an exercise of stock options.

Accepted by SEC EDGAR 03/05/2026 - 04:30 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Morgan Stanley Smith Barney LLC submitted a Form 144 notice relating to proposed sales of Class A shares tied to an exercise of stock options. The filing lists a proposed sale of 1,200 Class A shares on 03/05/2026 for cash following option exercise. The excerpt also records 10b5-1 sales by Gail Goodman of 1,200 shares on 02/05/2026 ($134,868) and 1,200 shares on 01/05/2026 ($190,608).

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 for SHOP show?

It reports a proposed sale of 1,200 Class A shares on 03/05/2026. The filing ties the sale to an exercise of stock options and lists cash as the consideration method.

Who conducted recent 10b5-1 sales mentioned in the filing for SHOP?

Gail Goodman is listed as the seller for two 10b5-1 sales. The excerpt shows sales of 1,200 shares on 02/05/2026 ($134,868) and 1,200 shares on 01/05/2026 ($190,608).

What method of sale is indicated for the 03/05/2026 transaction in the SHOP filing?

The filing lists the 03/05/2026 transaction as an exercise of stock options with cash consideration. The buyer/recipient is labeled as Issuer and the securities class is Class A.

How many shares in total are shown across the transactions in the excerpt?

The excerpt lists three separate 1,200-share entries. Those are: the proposed 1,200-share sale on 03/05/2026 and two 1,200-share 10b5-1 sales on 02/05/2026 and 01/05/2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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	0001412645
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Shopify Inc.
SEC File Number	001-37400
Address of Issuer	151 O'Connor Street, Ground Floor Ottawa ONTARIO, CANADA K2P 2L8
Phone	6132412828
Name of Person for Whose Account the Securities are To Be Sold	GAIL GOODMAN
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	Director

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
Class A	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1200	155580.00	1226037779	03/05/2026	NASDAQ

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 *
Class A	03/05/2026	Exercise of Stock Options	Issuer			1200	03/05/2026	Cash

* 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
10b5-1 Sales for GAIL GOODMAN 151 O'Connor Street, Ground Floor Ottawa A6 K2P 2L8	Class A	02/05/2026	1200	134868.00
10b5-1 Sales for GAIL GOODMAN 151 O'Connor Street, Ground Floor Ottawa A6 K2P 2L8	Class A	01/05/2026	1200	190608.00

144: Remarks and Signature

Remarks	Aggregate market value calculated using 3/4/2026 closing price of $129.65 per share. Number of shares outstanding as of 03/5/2026. Dates of sale reflect a three month period starting on March 5th.
Date of Notice	03/05/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	03/06/2025
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	/s/ Gail Goodman
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)