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

85 10th Avenue
Suite 800
New York
NEW YORK
10011

Phone

(613) 241-2828

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

Common

Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York � NY � 10004

41122

6720597.25

1301842894

12/11/2025

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 *

Common

02/28/2025

Restricted stock vesting under a registered plan

Issuer

02/28/2025

Not Applicable

Common

08/28/2025

Restricted stock vesting under a registered plan

Issuer

1921

08/28/2025

Not Applicable

Common

04/28/2025

Restricted stock vesting under a registered plan

Issuer

04/28/2025

Not Applicable

Common

11/28/2025

Restricted stock vesting under a registered plan

Issuer

1923

11/28/2025

Not Applicable

Common

09/09/2025

Restricted stock vesting under a registered plan

Issuer

5846

09/09/2025

Not Applicable

Common

05/28/2025

Restricted stock vesting under a registered plan

Issuer

1918

05/28/2025

Not Applicable

Common

12/09/2025

Restricted stock vesting under a registered plan

Issuer

6004

12/09/2025

Not Applicable

Common

11/28/2024

Restricted stock vesting under a registered plan

Issuer

11/28/2024

Not Applicable

Common

06/30/2025

Restricted stock vesting under a registered plan

Issuer

1958

06/30/2025

Not Applicable

Common

03/10/2025

Restricted stock vesting under a registered plan

Issuer

5453

03/10/2025

Not Applicable

Common

10/28/2025

Restricted stock vesting under a registered plan

Issuer

1918

10/28/2025

Not Applicable

Common

12/09/2024

Restricted stock vesting under a registered plan

Issuer

4507

12/09/2024

Not Applicable

Common

07/28/2025

Restricted stock vesting under a registered plan

Issuer

1968

07/28/2025

Not Applicable

Common

06/09/2025

Restricted stock vesting under a registered plan

Issuer

5756

06/09/2025

Not Applicable

Common

09/29/2025

Restricted stock vesting under a registered plan

Issuer

1940

09/29/2025

Not Applicable

* 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
148 Lafayette Street
New York � NY � 10013

Common

12/09/2025

5619

905139.99

Jessica Hertz
148 Lafayette Street
New York � NY � 10013

Common

11/28/2025

1491

238130.44

Jessica Hertz
148 Lafayette Street
New York � NY � 10013

Common

11/28/2025

363

57975.42

Jessica Hertz
148 Lafayette Street
New York � NY � 10013

Common

10/28/2025

1496

260649.58

Jessica Hertz
148 Lafayette Street
New York � NY � 10013

Common

10/28/2025

364

63420.08

Jessica Hertz
148 Lafayette Street
New York � NY � 10013

Common

09/29/2025

1478

209401.86

Jessica Hertz
148 Lafayette Street
New York � NY � 10013

Common

09/29/2025

360

51004.51

144: Remarks and Signature

Remarks

Date of Notice

12/11/2025

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/ Jessica Rose Hertz

144: Filer Information

Submission Contact Information

144: Issuer Information

144: Securities Information

144: Securities To Be Sold

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

ATTENTION:

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

SEC Form 144 filed by Shopify Inc.