Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 4)*
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Lightspeed Commerce Inc. (Name of Issuer) |
SUBORDINATE VOTING SHARES (Title of Class of Securities) |
53229C107 (CUSIP Number) |
06/30/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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| Rule 13d-1(c)
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 Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 53229C107 |
| 1 | Names of Reporting Persons
Dasilva Dax | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
QUEBEC, CANADA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
14,578,172.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
10.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: With respect to (5), (7) and (9): Consists of 13,975,344 Subordinate Voting Shares beneficially owned by Dax Dasilva, 554,215 Subordinate Voting Shares which Dax Dasilva has the right to acquire within 60 days after June 30, 2025 upon the exercise of stock options, 23,788 Subordinate Voting Shares which Dax Dasilva has the right to acquire within 60 days after June 30, 2025 upon the settlement of restricted share units and 24,825 Subordinate Voting Shares which Dax Dasilva has the right to acquire within 60 days after June 30, 2025 upon the settlement of deferred share units. With respect to (11): Based on 137,751,948 Subordinate Voting Shares outstanding as of June 30, 2025 and the aggregate number of Subordinate Voting Shares that Dax Dasilva may acquire within 60 days of June 30, 2025 through the settlement of restricted share units and deferred share units into Subordinate Voting Shares or the exercise of stock options exercisable into Subordinate Voting Shares.
SCHEDULE 13G
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| CUSIP No. | 53229C107 |
| 1 | Names of Reporting Persons
DHIDasilva Holdings Inc. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
QUEBEC, CANADA
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
14,578,172.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
10.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
CO |
Comment for Type of Reporting Person: Dax Dasilva owns all equity interests in DHIDasilva Holdings Inc. With respect to (11): Based on 137,751,948 Subordinate Voting Shares outstanding as of June 30, 2025 and the aggregate number of Subordinate Voting Shares that Dax Dasilva may acquire within 60 days of June 30, 2025 through the settlement of restricted share units and deferred share units into Subordinate Voting Shares or the exercise of stock options exercisable into Subordinate Voting Shares.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Lightspeed Commerce Inc. | |
| (b) | Address of issuer's principal executive offices:
700 SAINT-ANTOINE STREET EAST, SUITE 300, MONTREAL, , H2Y 1A6. | |
| Item 2. | ||
| (a) | Name of person filing:
Dax Dasilva DHIDasilva Holdings Inc. | |
| (b) | Address or principal business office or, if none, residence:
700 Saint-Antoine Street East, Suite 300 Montreal, Quebec, Canada H2Y 1A6 | |
| (c) | Citizenship:
Canada | |
| (d) | Title of class of securities:
SUBORDINATE VOTING SHARES | |
| (e) | CUSIP No.:
53229C107 | |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
See Item 9 of each cover page. | |
| (b) | Percent of class:
See Item 11 of each cover page %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
See Item 5 of each cover page. | ||
| (ii) Shared power to vote or to direct the vote:
See Item 6 of each cover page. | ||
| (iii) Sole power to dispose or to direct the disposition of:
See Item 7 of each cover page. | ||
| (iv) Shared power to dispose or to direct the disposition of:
See Item 8 of each cover page. | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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Exhibit Information
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Exhibit 1 Joint Filing Agreement by and among Dax Dasilva and DHIDasilva Holdings Inc. |