SHOP: COO exits after 6 years; duties moved to exec team

Rhea-AI Filing Summary

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.

Positive

• Planned transition: executive team will assume responsibilities to ensure a "seamless transition"
• Experienced leadership pool: company states the group has "deep experience" to cover duties
• No immediate compensation or litigation items disclosed: filing contains only the departure notice

Negative

• Senior leader departure: loss of the COO and VP of Product after six years
• No named successor: filing does not disclose a replacement or timeline for hiring
• Potential execution risk: added responsibilities on existing executives could strain capacity

Insights

Corporate Governance Analyst

COO departure is operationally manageable but deserves monitoring.

The exit of a senior operations and product leader after six years removes an experienced executive responsible for cross‑functional execution. Consolidating duties within the executive team can maintain continuity if roles and accountabilities are clearly reassigned.

Risks include possible short‑term execution gaps in product roadmaps and operational coordination; investors should watch for any follow‑on disclosure about a named successor or formal role changes within Q4 2025.

Operational Risk Specialist

Near‑term operational risk is limited given stated plan to redistribute duties.

The filing indicates no immediate external disruption: responsibilities are assigned to the existing executive team, which the company describes as experienced. That approach reduces hiring cost and transition time but increases workload concentration among current leaders.

Monitor subsequent filings or announcements for formal delegation of Mr. Nejatian's product and COO responsibilities and any impact on product timelines over the next 3–6 months.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________________________________

FORM 8-K

________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 9, 2025

________________________________________________

Shopify Inc.

(Exact name of registrant as specified in its charter)
________________________________________________

Canada

001-37400

98-0486686

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

151 O'Connor Street, Ground Floor

148 Lafayette Street

Ottawa,

Ontario

New York,

New York

Canada

K2P 2L8

USA

10012

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, Including Area Code: (613) 241-2828 x 1045

________________________________________________

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Name of each exchange on which registered

Class A Subordinate Voting Shares

SHOP

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Shopify Inc., a founder-led commerce company, today announces that Chief Operating Officer and Vice President of Product, Kasra Nejatian’s last day will be September 12, 2025. The company expresses gratitude for Kaz’s significant contributions over the past six years. The executive team will assume Kaz’s responsibilities. This is a strong group with deep experience and they are ready to ensure a seamless transition.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			SHOPIFY INC.
Date: September 10, 2025
			By:			/s/ Michael L. Johnson
						Name: Michael L. Johnson
						Title: Corporate Secretary

FAQ

What did Shopify (SHOP) disclose about the COO departure?

The company disclosed that Kasra Nejatian's last day as COO and VP of Product will be September 12, 2025 and that the executive team will assume his responsibilities.

Did Shopify name a replacement for Kasra Nejatian in the filing?

No. The filing states the executive team will cover the role and does not name a successor or provide a hiring timeline.

How long had Kasra Nejatian worked at Shopify?

The filing states Mr. Nejatian contributed to the company for six years.

Does the 8‑K disclose any severance, compensation, or litigation related to the departure?

No. The report contains only the departure notice and an acknowledgement of contributions; it does not mention severance, compensation changes, or legal matters.

Will Shopify's executive responsibilities change immediately after the departure?

According to the filing, the executive team will immediately assume Mr. Nejatian's responsibilities to effect a seamless transition.