Lightspeed Commerce Inc.

Issuer

Lightspeed Commerce Inc.

Principal executive office address

700 SAINT-ANTOINE STREET EAST, SUITE 300, MONTREAL, CANADA (FEDERAL LEVEL) H2Y 1A6

Citizenship

Each of PFC SICAV, PFC IS and Pale Fire Capital is organized under the laws of the Czech Republic. Each of Messrs. Senkypl and Barta are citizens of the Czech Republic.

Filing person

This statement is filed by Pale Fire Capital SICAV a.s., a Joint Stock Company organized under the laws of the Czech Republic ("PFC SICAV"), Pale Fire Capital investicni spolecnost a.s., a Joint Stock Company organized under the laws of the Czech Republic ("PFC IS"), Pale Fire Capital SE, a Societas Europaea organized under the laws of the Czech Republic ("Pale Fire Capital"), Dusan Senkypl and Jan Barta. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." PFC IS is the investment manager of PFC SICAV and may be deemed to beneficially own the Subordinate Voting Shares of the Issuer (the "Shares") owned directly by PFC SICAV. Pale Fire Capital is the controlling person and sole shareholder of each of PFC SICAV and PFC IS and may be deemed to beneficially own the Shares owned directly by PFC SICAV. Mr. Senkypl is a control person and Chairman of the board of Pale Fire Capital and may be deemed to beneficially own the Shares owned directly by PFC SICAV. Mr. Barta is a control person and Chairman of the supervisory board of Pale Fire Capital and Chief Investment Officer of PFC IS and may be deemed to beneficially own the Shares owned directly by PFC SICAV.

Principal business or residence address

The address of the principal office of each of PFC SICAV, PFC IS, and Pale Fire Capital is Zatecka 55/14, Josefov, 110 00 Prague 1, Czech Republic. The address of the principal office of Mr. Senkypl is Jestrabi 493, Osnice, 252 42 Jesenice, Czech Republic. The address of the principal office of Mr. Barta is Na bateriich 104/35, Brevnov, 162 00 Prague 6, Czech Republic.

Not applicable indication

Y

Percent of class

The following percentages are based on 129,299,592 Shares outstanding as of July 28, 2026, which is the total number of Shares outstanding as disclosed in Exhibit 99.2 to the Issuer's Form 6-K filed with the Securities and Exchange Commission on July 30, 2026. As of the close of business on the date hereof, (i) PFC SICAV beneficially owned approximately 5.1% of the outstanding Shares and (ii) each of PFC IS, Pale Fire Capital and Messrs. Senkypl and Barta may be deemed to beneficially own approximately 5.1% of the outstanding Shares.

Amount beneficially owned

As of the close of business on the date hereof: (i) PFC SICAV directly owned 6,654,851 Shares; (ii) PFC IS, as the investment manager of PFC SICAV, may be deemed the beneficial owner of the 6,654,851 Shares directly owned by PFC SICAV; (iii) Pale Fire Capital, as the controlling person and sole shareholder of each of PFC SICAV and PFC IS, may be deemed the beneficial owner of the 6,654,851 Shares directly owned by PFC SICAV; (iv) Mr. Senkypl, as a control person of Pale Fire Capital and Chairman of its board, may be deemed the beneficial owner of the 6,654,851 Shares directly owned by PFC SICAV; and (v) Mr. Barta, as a control person of Pale Fire Capital and Chairman of its supervisory board and Chief Investment Officer of PFC IS, may be deemed the beneficial owner of the 6,654,851 Shares directly owned by PFC SICAV. The filing of this Schedule 13G shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that such Reporting Person does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.

Sole voting power

See Cover Pages Items 5-9.

Shared voting power

See Cover Pages Items 5-9.

Sole dispositive power

See Cover Pages Items 5-9.

Shared dispositive power

See Cover Pages Items 5-9.

Not applicable indication

Y

Not applicable indication

Y

Not applicable indication

Y

Not applicable indication

N

Group members

See Exhibit 99.1.

Not applicable indication

Y

Not applicable indication

N

Certifications

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

99.1 - Joint Filing Agreement, dated October 1, 2026.