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    SEC Form SC 13G/A filed by Shopify Inc. (Amendment)

    2/13/24 4:32:15 PM ET
    $SHOP
    Computer Software: Prepackaged Software
    Technology
    Get the next $SHOP alert in real time by email
    SC 13G/A 1 sc13ga8.htm SCHEDULE 13G, AMENDMENT NO. 8



    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549

    SCHEDULE 13G/A


    UNDER THE SECURITIES EXCHANGE ACT OF 1934
    (Amendment No. 8)*


    SHOPIFY INC.
    (Name of Issuer)

    CLASS A SUBORDINATE VOTING SHARES
    (Title and Class of Securities)

    82509L107
    (CUSIP Number)


    DECEMBER 31, 2023
    (Date of Event which Requires Filing of this Statement)

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

    ☐ Rule 13d-1(b)

    ☐ Rule 13d-1(c)

    ☒ Rule 13d-1(d)


    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

    (Continued on following pages)






    CUSIP No. 82509L107
    Schedule 13G/A
     
         


    1
    NAME OF REPORTING PERSON
     
    TOBIAS LÜTKE
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ☐
    (b) ☐
    3
    SEC USE ONLY
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    Canadian and German
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5
    SOLE VOTING POWER
     
    13,363,790 (1)
    6
    SHARED VOTING POWER
     
    67,634,192 (2)
    7
    SOLE DISPOSITIVE POWER
     
    13,363,790 (1)
    8
    SHARED DISPOSITIVE POWER
     
    67,634,192 (2)
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    80,997,982 (1)(2)
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    6.3% (3)
    12
    TYPE OF REPORTING PERSON
     
    IN

    (1)
    Consists of 296,170 Class A subordinate voting shares, 11,619,770 Class B restricted voting shares beneficially owned by Tobias Lütke and 1,447,850 Class A subordinate voting shares which Tobias Lütke has the right to acquire within 60 days after December 31, 2023 upon the exercise of stock options. Each Class B restricted voting share is convertible at the holder's option at any time into one Class A subordinate voting share.
    (2)
    Consists of 335,442 Class A subordinate voting shares held by 7910240 Canada Inc., which Tobias Lütke is deemed to beneficially own, and 67,298,750 Class B restricted voting shares held by 7910240 Canada Inc., which Tobias Lütke is deemed to beneficially own.  Each Class B restricted voting share is convertible at the holder's option at any time into one Class A subordinate voting share.
    (3)
    Based on 1,207,318,947 Class A subordinate voting shares outstanding as of December 31, 2023, as reported by the Issuer to the Reporting Persons, and the aggregate number of Class A subordinate voting shares that Tobias Lütke may acquire within 60 days of December 31, 2023 through the conversion of Class B restricted voting shares or the exercise of stock options exercisable into Class A subordinate voting shares.





    CUSIP No. 82509L107
    Schedule 13G/A
     
         


    1
    NAME OF REPORTING PERSON
     
    7910240 CANADA INC.
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) ☐
    (b) ☐
    3
    SEC USE ONLY
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    CANADA
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5
    SOLE VOTING POWER
     
    0
    6
    SHARED VOTING POWER
     
    67,634,192 (1)
    7
    SOLE DISPOSITIVE POWER
     
    0
    8
    SHARED DISPOSITIVE POWER
     
    67,634,192 (1)
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    67,634,192  (1)
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    5.3% (2)
    12
    TYPE OF REPORTING PERSON
     
    CO

    (1)
    Consists of 335,442 Class A subordinate voting shares and 67,298,750 Class B restricted voting shares, in each case held by 7910240 Canada Inc.  Tobias Lütke owns all equity interests in 7910240 Canada Inc.  Each Class B restricted voting share is convertible at the holder's option at any time into one Class A subordinate voting share.
    (2)
    Based on 1,207,318,947 Class A subordinate voting shares outstanding as of December 31, 2023, as reported by the Issuer to the Reporting Persons, and the aggregate number of Class B restricted voting shares held by 7910240 Canada Inc.





    CUSIP No. 82509L107
    Schedule 13G/A
     
     
     
     

    Item 1.


    (a)
    The name of the issuer is Shopify Inc. (the "Issuer").


    (b)
    The Issuer's principal executive offices are located at:

    151 O’Connor Street, Ground Floor
    Ottawa, Ontario, Canada K2P 2L8

    Item 2.


    (a)
    The names of the persons (collectively, the "Reporting Persons") filing this Schedule 13G/A (this "Statement") are:

    Tobias Lütke
    7910240 Canada Inc.


    (b)
    The principal business office for each of the Reporting Persons is

    151 O’Connor Street, Ground Floor
    Ottawa, Ontario, Canada K2P 2L8


    (c)
    Citizenship:

    Canadian and German


    (d)
    This Statement relates to the Class A subordinate voting shares of the Issuer.


    (e)
    The CUSIP Number of the Class A subordinate voting shares is 82509L107.

    Item 3.
    Filing Category.

    Not applicable.






    CUSIP No. 82509L107
    Schedule 13G/A
     
         

    Item 4.
    Ownership.


    (a)
    Amount beneficially owned: See Item 9 of each cover page.


    (b)
    Percent of Class:  See Item 11 of each cover page.


    (c)
    Number of shares as to which such person has:


    (i)
    Sole power to vote or to direct the vote:

    See Item 5 of each cover page.


    (ii)
    Shared power to vote or to direct the vote of shares:

    See Item 6 of each cover page.


    (iii)
    Sole power to dispose or to direct the disposition of shares:

    See Item 7 of each cover page.


    (iv)
    Shared power to dispose or to direct the disposition of shares:

    See Item 8 of each cover page.

    Item 5.
    Ownership of 5 Percent or Less of a Class.

    Not Applicable.

    Item 6.
    Ownership of More than 5 Percent on Behalf of Another Person.

    Not Applicable.

    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

    Not Applicable.






    CUSIP No. 82509L107
    Schedule 13G/A
     
     
     
     

    Item 8.
    Identification and Classification of Members of a Group.

    Not Applicable.

    Item 9.
    Notice of Dissolution of Group.

    Not Applicable.

    Item 10.
    Certifications

    Not Applicable.






    CUSIP No. 82509L107
    Schedule 13G/A
     
     
     
     

    SIGNATURE
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

    Dated:  February 13, 2024

     
    TOBIAS LÜTKE
       
     
    /s/ Tobias Lütke
       
       
       
     
    7910240 CANADA INC.
     
     
     
    By:  
    /s/ Tobias Lütke
     
     
    Name:  
    Title:
    Tobias Lütke
    Director








    CUSIP No. 82509L107
    Schedule 13G/A
     
     
     
     


    EXHIBIT INDEX TO SCHEDULE 13G/A

    Exhibit 1
    Joint Filing Agreement, dated February 13, 2024, by and among Tobias Lütke and 7910240 Canada Inc.



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