Fisher Rebecca 4
Research Summary
AI-generated summary
SunOpta (STKL) Director Rebecca Fisher Sells 171,161 Shares
What Happened
Rebecca Fisher, a director of SunOpta Inc. (STKL), had a total of 171,161 shares disposed on May 1, 2026 as part of a court‑approved acquisition/plan of arrangement. The filings show three dispositions: 145,138 common shares, 20,193 RSU-related units, and 5,830 option-related units. The Form 4 lists no per-share price because the transactions were dispositions to the issuer under the deal, but the Arrangement provided $6.50 per common share, implying gross proceeds of about $1,112,547 before applicable withholdings.
Key Details
- Transaction date: May 1, 2026; Form 4 filed May 4, 2026 (filed within days of the reported transaction).
- Reported items: 145,138 common shares; 20,193 RSUs surrendered; 5,830 option-related units surrendered.
- Per-arrangement consideration: $6.50 per share (cash), not an open-market sale.
- Total gross value: ~ $1.11M (before withholdings).
- Footnotes: RSUs represented rights to one share each and were surrendered for cash (F2–F3); stock options were cashed out if in-the-money or cancelled if out-of-the-money (F4).
- Shares owned after the transactions are not specified in this Form 4.
Context
These were not discretionary open-market sales but mandatory/transactional dispositions under a takeover (court‑approved plan of arrangement). The derivative items reflect surrender/cash‑out of RSUs and options per the deal terms, not independent insider trading activity.