EX-4.1



 Exhibit 4.1 
  






 
 C0000000230 | M 
104598

Number 
00000000 
s shopify 
INCORPORATED UNDER THE CANADA BUSINESS CORPORATIONS ACT 
Shares 
* * * * 0 * * * * * * * * * 
* * * * * 0 * * * * * * * * 
* * * * * * 0 * * * * * * * 
* * * * * * * 0 * * * * * * 
* * * * * * * * 0 * * * * * 
THIS CERTIFIES THAT 
SPECIMEN 
IS THE REGISTERED HOLDER OF 
* * * 0 * * * 
CUSIP 82509L107 
ISIN CA82509L1076 
SEE REVERSE FOR CERTAIN DEFINITIONS 
FULLY PAID AND NON-ASSESSABLE CLASS A SUBORDINATE VOTING
SHARES WITHOUT PAR VALUE IN THE CAPITAL OF 
SHOPIFY INC. 
transferable on the
books of the Company only upon surrender of this certificate properly endorsed. 
This certificate is not valid unless countersigned by the Transfer Agent and
Registrar of the Company. 
IN WITNESS WHEREOF the Company has caused this certificate to be signed on its behalf by the facsimile signatures of its duly authorized
officers. 
Chief Executive Officer and Chairman of the Board 
VOID 
COUNTERSIGNED AND REGISTERED 
COMPUTERSHARE TRUST COMPANY, N.A. 
(CANTON, MA, JERSEY CITY, NJ AND COLLEGE 
STATION, TX) 
TRANSFER AGENT AND REGISTRAR 
By 
Authorized Officer 
Dated: Apr 29, 2015 
COUNTERSIGNED AND REGISTERED 
COMPUTERSHARE INVESTOR SERVICES INC. 
(TORONTO) 
TRANSFER AGENT AND REGISTRAR 
VOID 
By

Authorized Officer 
The shares represented by this certificate are
transferable at the office of Computershare Investor Services Inc. in Toronto, ON or at the offices of Computershare Trust Company, N.A. in Canton, MA, Jersey City, NJ and College Station, TX. 
SECURITY INSTRUCTIONS ON REVERSE 
VOIR LES INSTRUCTIONS DE SECURITE AU VERSO 
CSAE_WIP_ZSHQ_CA1.mtl.pulls/000001/000001/i 







 



 
 The class of shares represented by this certificate has rights, privileges, restrictions, or conditions attached thereto and the Company
will furnish to the holder, on demand and without charge, a full copy of the text of (i) the rights, privileges, restrictions and conditions attached to the said shares and to each class authorized to be issued and to each series insofar as the same
have been fixed by the directors, and (ii) the authority of the directors to fix the rights, privileges, restrictions and conditions of subsequent series, if applicable. 
The following abbreviations shall be construed as though the words set forth below opposite each abbreviation were written out in full where such abbreviation appears: 
TEN COM 
- as tenants in common 
(Name) CUST (Name) UNIF 
- (Name) as Custodian for (Name) under the 
TEN ENT 
- as tenants by the entireties 
GIFT MIN ACT (State) 
(State) Uniform Gifts to Minors Act 
JT TEN 
- as joint tenants with rights of survivorship and not as 
tenants in common 
Additional abbreviations may also be used though not in the above list.

For value received the undersigned hereby sells, assigns and transfers unto

Insert name and address of transferee 
shares 
represented by this certificate and does hereby irrevocably constitute and appoint 
the
attorney 
of the undersigned to transfer the said shares on the books of the Company with full power of substitution in the premises. 
DATED: 
Signature of Shareholder 
Signature of Guarantor 
Signature Guarantee: 
The signature on this assignment must correspond with the name as written upon the face of the certificate(s), in every particular, without alteration or enlargement, or any change
whatsoever and must be guaranteed by a major Canadian Schedule I chartered bank or a member of an acceptable Medallion Signature Guarantee Program (STAMP, SEMP, MSP). The Guarantor must affix a stamp bearing the actual words “Signature
Guaranteed”. 
In the USA, signature guarantees must be done by members of a “Medallion Signature Guarantee Program” only. 
Signature guarantees are not accepted from Treasury Branches, Credit Unions or Caisses Populaires unless they are members of the Stamp Medallion Program. 
SECURITY INSTRUCTIONS - INSTRUCTIONS DE SECURITE 
THIS IS WATERMARKED PAPER, DO NOT ACCEPT
WITHOUT NOTING WATERMARK. HOLD TO LIGHT TO VERIFY WATERMARK. 
PAPIER FILIGRANE, NE PAS ACCEPTER SANS VERIFIER LA PRESENCE DU FILIGRANE. POUR CE FAIRE, PLACER A LA
LUMIERE. 
EN_COMP_V2_01