<SEC-DOCUMENT>0001594805-25-000062.txt : 20250620
<SEC-HEADER>0001594805-25-000062.hdr.sgml : 20250620
<ACCEPTANCE-DATETIME>20250620163455
ACCESSION NUMBER:		0001594805-25-000062
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250620
DATE AS OF CHANGE:		20250620

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHOPIFY INC.
		CENTRAL INDEX KEY:			0001594805
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-37400
		FILM NUMBER:		251061951

	BUSINESS ADDRESS:	
		STREET 1:		151 O'CONNOR STREET
		STREET 2:		GROUND FLOOR
		CITY:			OTTAWA
		STATE:			A6
		ZIP:			K2P 2L8
		BUSINESS PHONE:		613-241-2828

	MAIL ADDRESS:	
		STREET 1:		151 O'CONNOR STREET
		STREET 2:		GROUND FLOOR
		CITY:			OTTAWA
		STATE:			A6
		ZIP:			K2P 2L8

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Lutke Tobias
		CENTRAL INDEX KEY:			0001666546
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		C/O SHOPIFY INC.
		STREET 2:		151 O'CONNOR ST., GROUND FLOOR
		CITY:			OTTAWA
		PROVINCE COUNTRY:   	A6
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <!-- Generated by Workiva -->
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001666546</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001594805</issuerCik>
      <issuerName>Shopify Inc.</issuerName>
      <secFileNumber>001-37400</secFileNumber>
      <issuerAddress>
        <com:street1>151 O'Connor St.</com:street1>
        <com:street2>Ground Floor</com:street2>
        <com:city>Ottawa</com:city>
        <com:stateOrCountry>A6</com:stateOrCountry>
        <com:zipCode>K2P 2L8</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>6132412828</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Tobias Lutke</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Solium Capital Inc.</name>
        <address>
          <com:street1>Suite 1500</com:street1>
          <com:street2>600-3rd Ave., SW</com:street2>
          <com:city>Calgary</com:city>
          <com:stateOrCountry>A0</com:stateOrCountry>
          <com:zipCode>T2P 0G5</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>446584</noOfUnitsSold>
      <aggregateMarketValue>47043158.56</aggregateMarketValue>
      <noOfUnitsOutstanding>1218135388</noOfUnitsOutstanding>
      <approxSaleDate>06/23/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesInformation>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Solium Capital Inc.</name>
        <address>
          <com:street1>Suite 1500</com:street1>
          <com:street2>600-3rd Ave., SW</com:street2>
          <com:city>Calgary</com:city>
          <com:stateOrCountry>A0</com:stateOrCountry>
          <com:zipCode>T2P 0G5</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>17885</noOfUnitsSold>
      <aggregateMarketValue>1883972.19</aggregateMarketValue>
      <noOfUnitsOutstanding>1218135388</noOfUnitsOutstanding>
      <approxSaleDate>06/23/2025</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <acquiredDate>06/23/2025</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of options</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>446584</amountOfSecuritiesAcquired>
      <paymentDate>06/23/2025</paymentDate>
      <natureOfPayment>Exercise of options</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <acquiredDate>06/23/2025</acquiredDate>
      <natureOfAcquisitionTransaction>Vesting of RSUs</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>17885</amountOfSecuritiesAcquired>
      <paymentDate>06/23/2025</paymentDate>
      <natureOfPayment>Exercise of RSUs</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Tobias Lutke</name>
        <address>
          <com:street1>151 O'Connor St.</com:street1>
          <com:street2>Ground Floor</com:street2>
          <com:city>Ottawa</com:city>
          <com:stateOrCountry>A6</com:stateOrCountry>
          <com:zipCode>K2P 2L8</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <saleDate>05/30/2025</saleDate>
      <amountOfSecuritiesSold>17853</amountOfSecuritiesSold>
      <grossProceeds>1910717.33</grossProceeds>
    </securitiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Tobias Lutke</name>
        <address>
          <com:street1>151 O'Connor St.</com:street1>
          <com:street2>Ground Floor</com:street2>
          <com:city>Ottawa</com:city>
          <com:stateOrCountry>A6</com:stateOrCountry>
          <com:zipCode>K2P 2L8</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Class A Subordinate Voting Shares</securitiesClassTitle>
      <saleDate>06/16/2025</saleDate>
      <amountOfSecuritiesSold>659478</amountOfSecuritiesSold>
      <grossProceeds>71781682.86</grossProceeds>
    </securitiesSoldInPast3Months>
    <remarks>Aggregate market value calculated using June 13, 2025 closing price of $105.34 per share. Number of shares outstanding as of May 2, 2025. Sales to be made pursuant to a plan intended to comply with Rule 10b5-1(c), effective as of June 12, 2024, at which time Tobias Lutke was not aware of material non-public information. Dates of sales reflect a three month period starting on June 23, 2025.</remarks>
    <noticeSignature>
      <noticeDate>06/20/2025</noticeDate>
      <signature>Tobias Lutke</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
