KEATING LESLIE STARR 4

What Happened Leslie Keating Starr, a director of SunOpta Inc. (STKL), had dispositions of a total of 193,881 common-share equivalents on May 1, 2026. The filing reports three dispositions to the issuer: 148,311 common shares and two derivative dispositions totalling 45,570 units (39,740 and 5,830). Under the court‑approved arrangement, each share or share-equivalent was cashed out at $6.50 per share, yielding approximately $1.26 million in aggregate proceeds (before any applicable withholdings).

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 4, 2026 (timely within required business-day window).
• Consideration: $6.50 per share under the deal (Arrangement); total proceeds ≈ $1,260,226.50 before withholdings.
• Counts: 148,311 common shares; 39,740 and 5,830 derivative units (total 193,881).
• Shares owned after the transaction: not specified in the supplied filing details.
• Filing type: Dispositions to the issuer (code D). Derivative items represent RSUs/options surrendered for cash per the transaction.
• Notable footnotes: The transactions occurred as part of a court‑approved plan of arrangement in which Purchaser acquired all common shares for $6.50/share. RSUs were surrendered for cash equal to $6.50/share (F2–F3). Stock options were either cashed out for the intrinsic value (if any) or cancelled if their strike was ≥ $6.50 (F4).

Context These were not open‑market sales but a cash‑out under a merger/arrangement (a corporate takeover), so they reflect the deal consideration rather than a voluntary market sale by the director. Derivative holdings (RSUs and options) were settled for cash under the arrangement terms rather than exercised into continuing stock ownership.