Tobias Lütke has entered two automatic securities disposition plans treated as a single Rule 10b5-1 plan to sell Class A shares held directly and through holding entities 7910240 Canada Inc. and Thistledown Foundation, ensuring prearranged instructions during blackout periods.

The Ontario Securities Commission granted an exemption from prospectus requirements, allowing sales to commence on March 18, 2026 and terminate no later than December 31, 2026. This integrated plan replaces Lütke’s prior plan that expired December 31, 2025.

The plans authorize sales of up to 1,987,032 Class A shares, potentially drawn from shares currently held, those issued upon conversion of Class B restricted multiple voting shares, equity award vesting or exercise, and shares held by the two holding entities.