Shopify shareholders approved a 10:1 split of Class A and Class B stock. The additional securities will be issued on June 28 to holders of shares as of June 22, 2022, and will begin trading on the exchange on June 29, 2022, taking the split into account. Also approved is an issue of Founder's Shares for Tobias Lütke. This, in combination with Lütke's existing Class B shares, will allow him to retain 40% of the voting rights after conversion of Class B shares into Class A shares by other shareholders.
Shopify shareholders approved a 10:1 split of Class A and Class B stock. The additional securities will be issued on June 28 to holders of shares as of June 22, 2022, and will begin trading on the exchange on June 29, 2022, taking the split into account. Also approved is an issue of Founder's Shares for Tobias Lütke. This, in combination with Lütke's existing Class B shares, will allow him to retain 40% of the voting rights after conversion of Class B shares into Class A shares by other shareholders. 
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