A SEDI filing shows Shopify director and executive Tobias Albin Lutke sold 40,500 shares under an automatic disposition plan at an average of US$149.72 on Sep 30, 2026.
What the filing shows
Tobias Albin Lutke, a director and executive of Shopify Inc. (TSX:SHOP), sold 40,500 shares of the company under an automatic disposition plan, according to a filing on SEDI. The shares were sold at an average price of US$149.72, making the disposition worth US$6.1M. The average price and total value were both reported in U.S. dollars, and the filing recorded a Canadian-dollar equivalent of about C$8.6M for the sale.
Both the first and last trades covered by the filing took place on Sep 30, 2026, and the sale was disclosed the following day, on Oct 1, 2026.
The 40,500 shares were sold in a single filing covering trades on one day, Sep 30, 2026, with the disclosure made to SEDI one day later.
SEDI, the System for Electronic Disclosure by Insiders, is the online system where insiders of Canadian public companies report trades in their company's securities. Insiders include directors, senior officers and anyone holding more than 10% of a company's voting rights, and they generally must report a trade within five calendar days. A holder of more than 10% is a person or company with ownership or control of more than 10% of the voting rights attached to a company's shares.
Tobias Albin Lutke's trading at Shopify Inc.
Over the 12 months to the filing, Lutke has filed seven disclosures reporting sales of Shopify securities and none reporting purchases, according to SEDI records. The sale disclosed on Oct 1, 2026 was one of those seven filings, all of which recorded sales rather than purchases.
The filing reported the sale in shares and dollars but did not state a single reconciled closing balance for the account involved. No holding figure or ownership percentage is given for Lutke. The filing identified Lutke's relationship to the company as that of a director and executive.
Other insider activity at Shopify Inc.
In the 30 days to the filing, seven other insiders at Shopify also reported sales of the company's securities, according to SEDI, while no other insiders at the company reported purchases over the same period. The figures count other individuals separately from Lutke's own trading.
Over the same 30-day window, the SEDI record for Shopify shows reported sales and no reported purchases among the other insiders.
Share price context
SHOP closed at C$212.10 on Oct 1, 2026, the day the sale was disclosed. That close was up 25% over the prior three months.
In the 52 weeks to that date, the stock closed between a low of C$130.71 and a high of C$249.71, measured in Canadian dollars.
