Summary by Futu AI
Shopify Inc. Officer and Director Tobias Lutke is set to sell 19,750 Class A Subordinate Voting Shares of the company, with an aggregate market value of approximately $1.51 million, as per the notice dated February 28, 2024. The shares to be sold were acquired on the same date through the vesting of Restricted Stock Units (RSUs) from the issuer. Lutke's transaction follows a period where no significant sales activity was reported in the past three months. The sale is part of a scheduled plan for shares that were recently vested to Lutke as part of his compensation package.