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Shopify | SC 13G/A: Statement of acquisition of beneficial ownership by individuals (Amendment)-TOBIAS LÜTKE(6.3%),7910240 CANADA INC.(5.3%)

SEC announcement ·  Feb 14 05:41
Summary by Futu AI
Tobias Lütke, CEO of Shopify Inc., has filed an amended Schedule 13G/A with the Securities and Exchange Commission, disclosing a 6.3% ownership stake in the company, amounting to 80,997,982 Class A subordinate voting shares as of December 31, 2023. The filing, dated February 13, 2024, indicates that Lütke has both sole and shared voting and dispositive power over these shares. Additionally, 7910240 Canada Inc., a company wholly owned by Lütke, holds a 5.3% stake with shared voting and dispositive power over 67,634,192 shares. The Class B restricted voting shares held by both Lütke and 7910240 Canada Inc. are convertible into Class A subordinate voting shares at any time. This filing reflects Lütke's significant influence in Shopify and provides transparency to the market regarding the distribution of voting power within the company.
Tobias Lütke, CEO of Shopify Inc., has filed an amended Schedule 13G/A with the Securities and Exchange Commission, disclosing a 6.3% ownership stake in the company, amounting to 80,997,982 Class A subordinate voting shares as of December 31, 2023. The filing, dated February 13, 2024, indicates that Lütke has both sole and shared voting and dispositive power over these shares. Additionally, 7910240 Canada Inc., a company wholly owned by Lütke, holds a 5.3% stake with shared voting and dispositive power over 67,634,192 shares. The Class B restricted voting shares held by both Lütke and 7910240 Canada Inc. are convertible into Class A subordinate voting shares at any time. This filing reflects Lütke's significant influence in Shopify and provides transparency to the market regarding the distribution of voting power within the company.
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