UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM SD
Specialized Disclosure Report
| Shopify Inc. | ||||||||||||||
| (Exact name of registrant as specified in its charter) | ||||||||||||||
| Canada | 001-37400 | 98-0486686 | ||||||||||||
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
| 151 O'Connor Street, Ground Floor Ottawa, Ontario, Canada, K2P 2L8 | ||||||||||||||
| (Address of principal executive offices) (Zip Code) | ||||||||||||||
| Michael L. Johnson, Corporate Secretary | ||||||||||||||
| Tel: 613-241-2828 | ||||||||||||||
| (Name and telephone number, including area code, of the person to contact in connection with this report.) | ||||||||||||||
Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies:
⌧ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, 2024.
☐ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended ________.
Section 1 - Conflict Minerals Disclosure
Item 1.01 Conflict Minerals Disclosure and Report
Conflict Minerals Disclosure
This Form SD of Shopify Inc. (the “Company”) is filed pursuant to Rule 13p-1 promulgated under the Securities Exchange Act of 1934, as amended, and Form SD (the “Rule”) for the reporting period January 1, 2024 to December 31, 2024.
The Rule relates to the disclosure of information relating to “conflict minerals,” which are defined in the Rule as gold, columbite-tantalite (coltan), cassiterite and wolframite, and their derivatives of tantalum, tin and tungsten.
The Rule applies to those public companies that manufacture or contract to manufacture products in which any of the conflict minerals are necessary to the product’s functionality or production. The Company’s applicable hardware products for 2024 are its (i) Tap & Chip Reader, (ii) POS Go, and (iii) hardware accessories such as docks, mounts, cases and cables (the “Covered Products”), which are each manufactured by third parties.
Reasonable Country of Origin Inquiry (RCOI)
As required by the Rule, the Company undertook an analysis and determined that certain Covered Products contain one or more conflict minerals, which are necessary to the Covered Products’ functionality or production. Accordingly, as required by the Rule, the Company conducted a reasonable country of origin inquiry ("RCOI") regarding those conflict minerals, which was designed to determine whether any of those conflict minerals originated in the Democratic Republic of the Congo or an adjoining country as defined in the Rule (a “Covered Country”) or are from recycled or scrap sources, as defined in the Rule. To this end, the Company reached out to each third-party manufacturer of the Covered Products explaining the requirements of the Rule and its applicability to the Company and seeking (a) certification of the third-party manufacturer that the conflict minerals in the applicable Covered Product did not originate in a Covered Country and/or (b) answers to the Conflict Minerals Reporting Template ("CMRT") reflecting the Company's position on the supply chain. The CMRT is regarded as the most common reporting tool for conflict minerals content and sourcing information worldwide.
Each CMRT received from third-party manufacturers identified lists of smelters or refiners, and their countries of origin, which may supply conflict minerals utilized in the Covered Products. The information obtained indicates that, while the conflict minerals used in our Covered Products may not be exclusively from scrap or recycled sources, there is no reason to believe that the conflict minerals used in our Covered Products originated in the Covered Countries. We believe our RCOI process was reasonably designed and performed in good faith, but there are inherent limitations in the information provided to us by third-parties, including the possibility of information being inaccurate, incomplete or falsified despite our efforts to validate and confirm the information.
Determination from RCOI
Based on the results of the RCOI, the Company determined in good faith that, while the conflict minerals used in the Covered Products are not exclusively from scrap or recycled sources, it has no reason to believe that any conflict minerals used in the Covered Products originated in the Covered Countries. The Company further determined in good faith that it exercised reasonable and sufficient due diligence on the source and chain of custody of the conflict minerals used in its Covered Products, as required by the Rule.
Additional Information
This information is publicly available on the Company’s website at https://investors.shopify.com/Home/default.aspx. The content of any website referred to in this Form SD is included for general information only and is not incorporated by reference into this Form SD.
Item 1.02 Exhibit
None
Section 2 - Resource Extraction Issuer Disclosure
Not applicable
Section 3 - Exhibits
Item 3.01 Exhibits
None
SIGNATURE
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 hereunto duly authorized.
SHOPIFY INC.
By: /s/ Michael L. Johnson May 23, 2025
Michael L. Johnson
Corporate Secretary