SHOPIFY INC.

Rule 10b5-1 Trading Plans

During the three months ended December 31, 2025, the Company's directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) listed below adopted, modified orterminated trading plans intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.

On November 14, 2025, Harley Finkelstein, the Company's President, entered into a trading plan that provides for the sale of up to 288,265 shares of the Company's Class A subordinate voting shares. The plan will terminate on December 31, 2026, subject to early termination for certain specific events set forth in the plan.

On December 8, 2025, Tobias Lütke, the Company's Chief Executive Officer, concurrently entered into a trading plan that provides for the sale of the Company's Class A subordinate voting shares that are held directly by Mr. Lütke, and a separate trading plan that provides for the sale of the Company's Class A subordinate voting shares held by Mr. Lütke through two holding entities controlled by Mr. Lütke (each, an "Integrated Plan" and collectively, the "Integrated Plans"). The Integrated Plans provide for the sale of up to 1,987,032 Class A subordinate voting shares in the aggregate across both Integrated Plans and will terminate on December 31, 2026, subject to early termination for certain specified events as set forth in such plans.