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Internet, Everywhere–(Newsfile Corp. – March 6, 2026) – Shopify Inc. (NASDAQ, TSX: SHOP) announced today that Tobias L\u00fctke, Shopify’s Chief Executive Officer, has entered into an automatic securities disposition plan to sell Class A subordinate voting shares (“Class A Shares<\/b>“) held directly by Mr. L\u00fctke, and a separate automatic securities disposition plan to sell Class A Shares indirectly held by Mr. L\u00fctke through two holding entities, 7910240 Canada Inc. and Thistledown Foundation (collectively, the “Holding Entities<\/b>“), each controlled by Mr. L\u00fctke (the “Integrated Plans<\/b>“). The Integrated Plans have been adopted following the expiry on December 31, 2025 of a prior automatic securities disposition plan adopted on June 12, 2024 and in accordance with securities laws and Shopify’s internal policies. The Integrated Plans are intended to be treated as a single “plan” for purposes of Rule 10b5-1 under the Securities Exchange Act of 1934. Sales of Class A Shares under the Integrated Plans are eligible to commence on or after March 18, 2026. On December 8, 2025, the Ontario Securities Commission issued a decision exempting Mr. L\u00fctke from the prospectus requirements under Canadian securities legislation with respect to sales of Class A Shares under the Integrated Plans. This announcement is made pursuant to the requirements of that decision. Mr. L\u00fctke entered into automatic securities disposition plans under a similar exemption annually from 2017 to 2021 and again in 2024.<\/p>\n
The Integrated Plans permit trades to be made in accordance with pre-arranged instructions given when Mr. L\u00fctke was not in possession of material non-public information regarding Shopify. The Integrated Plans provide for the sale of an aggregate of up to 1,987,032 Class A Shares and will terminate no later than December 31, 2026. The Class A Shares that could potentially be disposed of under the ASDPs may include Class A Shares, currently held, directly or indirectly, by Mr. L\u00fctke, Class A Shares issued to Mr. L\u00fctke upon conversion of Class B restricted multiple voting shares, Class A Shares issued to Mr. L\u00fctke upon vesting and\/or exercise of options and restricted share units granted to Mr. L\u00fctke as compensation for his services as Chief Executive Officer, and\/or Class A Shares held by the Holding Entities which are beneficially owned by Mr. L\u00fctke.<\/p>\n
About Shopify<\/b><\/p>\n
Shopify provides essential internet infrastructure for commerce. Shopify’s all-in-one platform makes it easier to start, run, and grow a business, powering sales online, in-store, and everywhere in between. Millions of businesses in 175+ countries use Shopify-from entrepreneurs to brands like Aldo, BarkBox, Carrier, Meta, Vuori, SKIMS, and Supreme.<\/p>\n
| CONTACT MEDIA:<\/td>\n | CONTACT INVESTORS:<\/td>\n<\/tr>\n |
| <\/td>\n | <\/td>\n<\/tr>\n |
| Ben McConaghy<\/td>\n | Carrie Gillard<\/td>\n<\/tr>\n |
| Director, Communications<\/td>\n | Director, Investor Relations<\/td>\n<\/tr>\n |
| press@shopify.com<\/a><\/td>\n | ir@shopify.com<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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