Mr. Shane Kleinstein reports

SHOPIFY ANNOUNCES RESULTS OF ITS 2026 ANNUAL MEETING OF SHAREHOLDERS

Shopify Inc. has released the results of its annual meeting of shareholders held on June 16, 2026. All director nominees were elected to the board of directors and PricewaterhouseCoopers LLP was reappointed as Shopify's auditor. Shareholders also accepted, on a non-binding advisory basis, Shopify's approach to executive compensation, as further described in Shopify's management information circular dated April 21, 2026. A shareholder proposal regarding an artificial intelligence policy was not approved.

The detailed results of the meeting are as follows.

Election of directors

Each of the 10 nominees for director was elected to the board of directors. The votes cast for each nominee are detailed in an attached table.

Following the meeting, the board of directors intends to select Tobias Lutke to continue to serve as chair of the board of directors and Joseph Natale to continue to serve as lead independent director.

Appointment of independent registered public accounting firm

PricewaterhouseCoopers LLP was reappointed as Shopify's auditor and the directors were authorized to fix the auditor's remuneration. The votes were cast as detailed in an attached table.

Non-binding advisory vote on executive compensation

Shareholders accepted, on a non-binding advisory basis, the company's approach to executive compensation. The votes were cast as detailed in an attached table.

Shareholder proposal

A shareholder proposal regarding an artificial intelligence policy was not approved. The votes were cast as detailed in an attached table.

About Shopify Inc.

Shopify provides essential internet infrastructure for commerce. Shopify's all-in-one platform makes it easier to start, run and grow a business, powering sales on-line, in store and everywhere in between. Millions of businesses in 175-plus countries use Shopify -- from entrepreneurs to brands like Aldo, BarkBox, Carrier, Meta, Vuori, SKIMS and Supreme.