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Insider Sale $SHOP Shopify Inc.

Shopify's Tobias Lutke Sells 40,500 Shares for US$7.1 Million

Oct 21, 2026Reported Updated
Insider trades at $SHOP
$236.24 CAD-2.4% 1YInteractive chart →
$252.53$130.71$236.24Aug 27, 2026 · Jessica Hertz bought 10,394 subordinate voting shares class a subordinate voting shares at $154.54 · $1.61M Aug 28, 2026 · Jessica Hertz bought 2,471 subordinate voting shares class a subordinate voting shares at $155.25 · $384K Aug 28, 2026 · Jeff Hoffmeister bought 1,966 subordinate voting shares class a subordinate voting shares at $155.25 · $305K Aug 28, 2026 · Harley Michael Finkelstein bought 1,689 subordinate voting shares class a subordinate voting shares at $155.25 · $262K Aug 28, 2026 · Jessica Hertz bought 805 subordinate voting shares class a subordinate voting shares at $155.25 · $125K Aug 28, 2026 · Jean Niehaus bought 489 subordinate voting shares class a subordinate voting shares at $155.25 · $76K Aug 28, 2026 · Jessica Hertz bought 360 subordinate voting shares class a subordinate voting shares at $155.25 · $56K×7Aug 26, 2026 · Tobias Albin Lutke sold 33,750 subordinate voting shares class a subordinate voting shares at $151.60 · $5.12M Aug 19, 2026 · Tobias Albin Lutke sold 33,750 subordinate voting shares class a subordinate voting shares at $147.26 · $4.97M Aug 26, 2026 · Tobias Albin Lutke sold 6,750 subordinate voting shares class a subordinate voting shares at $151.60 · $1.02M Aug 19, 2026 · Tobias Albin Lutke sold 6,750 subordinate voting shares class a subordinate voting shares at $147.26 · $994K×4Sep 2, 2026 · Tobias Albin Lutke sold 33,750 subordinate voting shares class a subordinate voting shares at $140.41 · $4.74M Sep 2, 2026 · Tobias Albin Lutke sold 23,823 subordinate voting shares class a subordinate voting shares at $139.61 · $3.33M Sep 9, 2026 · Tobias Albin Lutke sold 15,000 subordinate voting shares class a subordinate voting shares at $129.05 · $1.94M Sep 2, 2026 · Tobias Albin Lutke sold 6,750 subordinate voting shares class a subordinate voting shares at $140.41 · $948K Sep 9, 2026 · Tobias Albin Lutke sold 3,000 subordinate voting shares class a subordinate voting shares at $129.05 · $387K Sep 2, 2026 · Harley Michael Finkelstein sold 1,350 subordinate voting shares class a subordinate voting shares at $139.03 · $188K×6Sep 16, 2026 · Tobias Albin Lutke sold 15,000 subordinate voting shares class a subordinate voting shares at $130.59 · $1.96M Sep 14, 2026 · Jeff Hoffmeister sold 11,647 subordinate voting shares class a subordinate voting shares at $132.52 · $1.54M Sep 15, 2026 · Harley Michael Finkelstein sold 3,000 subordinate voting shares class a subordinate voting shares at $132.17 · $397K Sep 16, 2026 · Tobias Albin Lutke sold 3,000 subordinate voting shares class a subordinate voting shares at $130.59 · $392K Sep 14, 2026 · Joe Natale sold 452 subordinate voting shares class a subordinate voting shares at $129.56 · $59K Sep 11, 2026 · David Heinemeier Hansson sold 11 subordinate voting shares class a subordinate voting shares at $130.03 · $1K Sep 14, 2026 · Lulu Cheng Meservey sold 5 subordinate voting shares class a subordinate voting shares at $129.56 · $648×7Sep 15, 2026 · Harley Michael Finkelstein exercised 3,000 options at $46.56 · $140KOct 24, 2025Oct 25, 2026
insider buy (7) insider sell (17) insider option exercise (1)

Shopify director and senior officer Tobias Albin Lutke sold 40,500 shares worth US$7.1 million on October 21, 2026, according to a SEDI filing.

What the filing shows

Tobias Albin Lutke, a director and senior officer of Shopify Inc. (TSX:SHOP), sold 40,500 shares at an average price of US$176.12 per share on October 21, 2026, for a total of US$7.1 million, or C$10.0 million, according to a filing on SEDI.

The filing was made on October 22, 2026, and reported one registered holding, covering that one account only.

Tobias Albin Lutke's trading at Shopify Inc.

Lutke has sold shares in 53 transactions at Shopify over the past 12 months, according to SEDI records.

Other insider activity at Shopify Inc.

Harley Michael Finkelstein, a senior officer of Shopify, sold shares with a latest trade date of October 15, 2026. Jessica Hertz, Jeff Hoffmeister and Jean Niehaus, also senior officers, each sold shares with a latest trade date of September 28, 2026, according to SEDI.

Over the past 12 months, 4 other insiders made purchases and 10 other insiders made sales at Shopify, according to SEDI.

Shopify Inc. across the public record

Three Members of Parliament hold Shopify stock: 2 Conservative and 1 Liberal, according to federal disclosure records. Five provincial legislators also hold the stock: 1 Alberta NDP in Alberta, 1 BC NDP in British Columbia, 1 Independent in the Northwest Territories, 1 Progressive Conservative in Ontario and 1 United Conservative in Alberta.

Shopify was the subject of 25 meetings with the federal government over the past 12 months, with the most recent on August 26, 2026, according to the federal lobbying registry.

Share price context

Shopify shares closed at $236.41 on October 22, 2026, the day of the filing. Over the past 52 weeks, the stock's daily closing price ranged from a low of $130.71 to a high of $252.53, and it rose 42% over the prior three months.

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