Jessica Hertz reports multiple SHOP share sales

Shopify Inc. (registered as Solium Capital Inc. in this excerpt) reporting proposed insider sales.

Rhea-AI Filing Summary

Shopify Inc. (registered as Solium Capital Inc. in this excerpt) reporting proposed insider sales. Jessica Hertz is listed as the reporting person with multiple dispositions of Class A Subordinate Voting Shares between 11/28/2025 and 01/28/2026.

The excerpt lists specific sale dates and amounts: 1,854 shares on 11/28/2025 for 296,105.86; 5,619 shares on 12/09/2025 for 905,139.99; 41,122 shares on 12/11/2025 for 6,720,597.25; 1,862 shares on 12/29/2025 for 315,280.73; and 1,917 shares on 01/28/2026 for 264,822.81.

Insights

Insider Transactions Analyst

Routine Form 144 disclosures showing multiple insider dispositions by Jessica Hertz.

The filing lists five discrete sales of Class A Subordinate Voting Shares with exact share counts and gross proceeds for each date between 11/28/2025 and 01/28/2026. These are reported disposals rather than company-initiated actions.

Timing and amounts are explicit in the excerpt; cash-flow treatment and whether sales were open-market or otherwise are not stated in the provided text. Subsequent SEC submissions or broker reports may provide settlement details.

FAQ

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

What does the Form 144 for SHOP show?

It shows proposed insider sales by a reporting person across specific dates for listed shares. The excerpt lists five dispositions with exact share counts and gross proceeds between 11/28/2025 and 01/28/2026 for Class A Subordinate Voting Shares.

Who is the reporting person in this Form 144?

The reporting person is Jessica Hertz, identified with an Ottawa address. The excerpt lists Jessica Hertz as the seller for each recorded disposition with associated share counts and proceeds.

How many shares were sold and what proceeds were reported?

The excerpt lists five transactions: 1,854; 5,619; 41,122; 1,862; and 1,917 shares. Reported gross proceeds are 296,105.86, 905,139.99, 6,720,597.25, 315,280.73, and 264,822.81, respectively.

Are the sale methods or cash recipients specified in the filing?

No; the provided excerpt does not state the method of sale or who received proceeds. The excerpt lists dates, share counts, and gross proceeds but does not describe sale mechanics or settlement details.

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

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Accepted by SEC EDGAR 02/27/2026 - 04:31 PM Learn about SEC filing dates

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	0001962731
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 St. Ground Floor Ottawa ONTARIO, CANADA K2P 2L8
Phone	6132412828
Name of Person for Whose Account the Securities are To Be Sold	Jessica Hertz
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	Officer

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 Subordinate Voting Shares	Solium Capital Inc. Suite 1500 600-3rd Ave., SW Calgary A0 T2P 0G5	850	105230	1226037779	03/02/2026	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 Subordinate Voting Shares	03/02/2026	Vesting of RSUs	Issuer			1644	03/02/2026	Vesting of RSUs

* 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
Jessica Hertz 151 O'Connor St. Ground Floor Ottawa A6 K2P 2L8	Class A Subordinate Voting Shares	11/28/2025	1854	296105.86
Jessica Hertz 151 O'Connor St. Ground Floor Ottawa A6 K2P 2L8	Class A Subordinate Voting Shares	12/09/2025	5619	905139.99
Jessica Hertz 151 O'Connor St. Ground Floor Ottawa A6 K2P 2L8	Class A Subordinate Voting Shares	12/11/2025	41122	6720597.25
Jessica Hertz 151 O'Connor St. Ground Floor Ottawa A6 K2P 2L8	Class A Subordinate Voting Shares	12/29/2025	1862	315280.73
Jessica Hertz 151 O'Connor St. Ground Floor Ottawa A6 K2P 2L8	Class A Subordinate Voting Shares	01/28/2026	1917	264822.81

144: Remarks and Signature

Remarks	Aggregate market value calculated using February 19, 2026 closing price of $123.80 per share. Number of shares outstanding as of February 6, 2026. Sales to be made cover taxes and fees resulting from the vesting of RSUs.
Date of Notice	02/27/2026
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	Jessica Hertz
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)