SCHEDULE: Dax Dasilva's Lightspeed Stake Hits 10.6%

Dax Dasilva, founder of Lightspeed Commerce Inc., has updated his beneficial ownership stake to 10.6% of the company's Subordinate Voting Shares.

Summary

• Dax Dasilva and DHIDasilva Holdings Inc. collectively beneficially own 14,578,172 Subordinate Voting Shares of Lightspeed Commerce Inc.
• This ownership represents 10.6% of the class of securities.
• The total beneficial ownership includes 13,975,344 currently held Subordinate Voting Shares.
• Additionally, it includes 602,828 Subordinate Voting Shares that Dax Dasilva has the right to acquire within 60 days after June 30, 2025, comprising 554,215 from stock options, 23,788 from restricted share units, and 24,825 from deferred share units.
• The percentage of class is calculated based on 137,751,948 Subordinate Voting Shares outstanding as of June 30, 2025, plus the shares Dax Dasilva may acquire within 60 days.

Sentiment

Score: 5

Explanation: This filing is a routine beneficial ownership update, providing factual information without indicating positive or negative operational or financial performance.

Positives

• Founder Dax Dasilva maintains a substantial beneficial ownership stake of 10.6%, indicating continued alignment with shareholder interests and long-term commitment to Lightspeed Commerce Inc.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Continued significant ownership by the founder may signal long-term commitment and alignment of interests, potentially fostering investor confidence.

Key Dates

Keywords

Lightspeed Commerce, Dax Dasilva, Beneficial Ownership, SEC Filing, Schedule 13G, Subordinate Voting Shares, Founder Stake