Hollis Richard Dean 4
4 · SunOpta Inc. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
SunOpta (STKL) Director Hollis Dean Sells 610,055 Shares
What Happened
Hollis Richard Dean, a director of SunOpta Inc., disposed of a total of 610,055 economic interests in SunOpta on May 1, 2026: 589,862 common shares and 20,193 restricted stock units (RSUs). Under a court‑approved plan of arrangement tied to SunOpta’s sale, each share (and each RSU surrendered) was paid out at $6.50 per share (less applicable withholdings), for aggregate gross consideration of about $3,965,358. These were dispositions to the issuer as part of the company’s acquisition, not open‑market sales.
Key Details
- Transaction date: May 1, 2026. Form 4 filed May 4, 2026. No late‑filing flag is indicated in the filing.
- Price/consideration: $6.50 per share (cash consideration under the Arrangement).
- Quantity: 589,862 common shares; 20,193 RSUs (total economic interest: 610,055).
- Approximate gross proceeds: ~ $3.97 million (610,055 × $6.50), subject to applicable withholdings.
- Shares owned after transaction: not specified in the Form 4 provided.
- Footnotes: F1—disposition occurred under a court‑approved statutory plan of arrangement in which Purchaser acquired all common shares for $6.50/share; F2—each RSU represents a contingent right to one share; F3—each RSU held by the reporting person was surrendered for cash equal to the $6.50 consideration (less withholding).
Context
This transaction reflects the cash-out of both common shares and RSUs under the company’s acquisition agreement, rather than a typical open‑market sale by the insider. RSU holdings were converted to cash consideration per the arrangement (i.e., surrendered for the deal consideration). For retail investors, such disposals tied to corporate takeovers are administrative outcomes of the deal and do not, by themselves, signal the insider’s ongoing view of the business.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-05-01−589,862→ 0 total - Disposition to Issuer
Restricted Stock Unit (RSU)
[F2][F3]2026-05-01−20,193→ 0 total→ Common Stock (20,193 underlying)
Footnotes (3)
- [F1]Pursuant to the Arrangement Agreement (the "Arrangement Agreement"), dated as of February 6, 2026, by and among SunOpta Inc. ("SunOpta"), Pegasus BidCo B.V. ("Parent") and 2786694 Alberta Ltd. ("Purchaser"), Purchaser acquired all of SunOpta's issued and outstanding common shares in the capital of SunOpta (the "Common Shares") by way of a court-approved statutory plan of arrangement under Section 192 of the Canada Business Corporations Act (the "Arrangement"). At the effective time of the Arrangement (the "Effective Time"), each of SunOpta's issued and outstanding Common Shares were transferred to Purchaser for consideration of $6.50 per share in cash, less applicable withholdings (the "Consideration").
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
- [F3]At the Effective Time, each restricted stock unit ("RSU") held by the reporting person was surrendered in exchange for, subject to any withholding, a cash payment equal to the Consideration in respect of each Common Share underlying such RSU.