Shopify Updates Stock and Incentive Plans

Ticker: SHOP · Form: 6-K · Filed: 2024-06-05T00:00:00.000Z

Sentiment: neutral

Topics: equity-plan, amendment, sec-filing

Related Tickers: SHOP

TL;DR

Shopify just updated its stock option and long-term incentive plans, filed with the SEC.

AI Summary

Shopify Inc. filed a Form 6-K on June 5, 2024, to report updates to its equity incentive plans. Specifically, the filing includes the Third Amended and Restated Stock Option Plan and the Third Amended and Restated Long Term Incentive Plan. These updated plans are incorporated by reference into Shopify's existing Registration Statement on Form S-8.

Why It Matters

Changes to stock and incentive plans can impact employee compensation and shareholder dilution, reflecting the company's strategy for talent retention and motivation.

Risk Assessment

Risk Level: low — This filing is administrative, updating existing equity incentive plans without immediate financial implications.

Key Players & Entities

FAQ

What is the purpose of this Form 6-K filing?

The purpose of this Form 6-K filing is to report updates to Shopify Inc.'s equity incentive plans, specifically the Third Amended and Restated Stock Option Plan and the Third Amended and Restated Long Term Incentive Plan.

When was this Form 6-K filed?

This Form 6-K was filed on June 5, 2024.

What specific documents are included as part of this report?

This report includes Exhibit 99.1, Shopify Inc. - Third Amended and Restated Stock Option Plan, and Exhibit 99.2, Shopify Inc. - Third Amended and Restated Long Term Incentive Plan.

Are the updated plans incorporated into any other filings?

Yes, Exhibits 99.1 and 99.2 are incorporated by reference into the Registrant's Registration Statement on Form S-8, originally filed on May 29, 2015.

Does Shopify file annual reports under Form 20-F or Form 40-F?

Shopify indicates it files annual reports under Form 40-F.

From the Filing

0001140361-24-028935.txt : 20240605 0001140361-24-028935.hdr.sgml : 20240605 20240605070959 ACCESSION NUMBER: 0001140361-24-028935 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20240605 FILED AS OF DATE: 20240605 DATE AS OF CHANGE: 20240605 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SHOPIFY INC. CENTRAL INDEX KEY: 0001594805 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-37400 FILM NUMBER: 241020703 BUSINESS ADDRESS: STREET 1: 151 O'CONNOR STREET STREET 2: GROUND FLOOR CITY: OTTAWA STATE: A6 ZIP: K2P 2L8 BUSINESS PHONE: 613-241-2828 MAIL ADDRESS: STREET 1: 151 O'CONNOR STREET STREET 2: GROUND FLOOR CITY: OTTAWA STATE: A6 ZIP: K2P 2L8 6-K 1 ny20030244x1_6k.htm 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of June 2024 Commission File Number 001-37400 Shopify Inc. (Translation of registrant’s name into English) 151 O'Connor Street, Ground Floor Ottawa, Ontario, Canada K2P 2L8 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:   Form 20-F Form 40-F X   DOCUMENTS INCLUDED AS PART OF THIS REPORT Exhibit       99.1 Shopify Inc. - Third Amended and Restated Stock Option Plan     99.2 Shopify Inc. - Third Amended and Restated Long Term Incentive Plan Exhibits 99.1 and 99.2 of this Report on Form 6-K are incorporated by reference into the Registration Statement on Form S-8 of the Registrant, which was originally filed with the Securities and Exchange Commission (the “SEC”) on May 29, 2015 (File No. 333-204568), the Registration Statement on Form S-8 of the Registrant, which was originally filed with the SEC on May 12, 2016 (File No. 333-211305), the Registration Statement on Form S-8 of the Registrant, which was originally filed with the SEC on July 28, 2021 (File No. 333-258230) and the Registration Statement on Form S-8 of the Registrant, which was originally filed with the SEC on September 9, 2022 (File No. 333-267364). SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.       Shopify Inc.       (Registrant)             Date: June 5, 2024   By: /s/ Michael L. Johnson         Name: Michael L. Johnson         Title: Corporate Secretary EX-99.1 2 ny20030244x1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1     SHOPIFY INC.   THIRD AMENDED AND RESTATED STOCK OPTION PLAN    Effective as of: May 27, 2015   (Amended and Restated as of May 30, 2018, as further Amended and Restated as of  May 26, 2021 and as further Amended and Restated as of June 4, 2024) SHOPIFY INC. STOCK OPTION PLAN The purpose of this Plan is to advance the interests of the Corporation and its shareholders by providing to the directors, officers, employees and consultants of the Corporation and its Affiliates a performance incentive for continued and improved services with the Corporation and its Affiliates.   ARTICLE 1.   INTERPRETATION   Section 1.1 Definitions   For the purposes of this Plan, the following terms shall have the following meanings:   a. “ Active Employment ” means, in the case where the Participant is a director, the period during which a Participant performs services as a director and in the case where the Participant is an officer or employee, the period during which the Participant actually and

View on Read The Filing