Reynoso Diego 4

What Happened
Diego Reynoso, a director of SunOpta Inc. (STKL), had two dispositions reported on May 1, 2026: 63,147 common shares and 20,193 derivative shares (RSUs) were surrendered to the issuer as part of a court‑approved arrangement. Per the Arrangement Agreement, each share was exchanged for $6.50 in cash (less applicable withholdings), producing gross proceeds of approximately $410,455.50 for the common shares and $131,254.50 for the RSUs — about $541,710 in total. This was a disposition tied to the company’s acquisition, not an open‑market sale.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 4, 2026 (within the usual SEC filing window).
• Consideration: $6.50 per share per Arrangement Agreement (footnote F1); amounts are subject to applicable withholding (F3).
• Shares disposed: 63,147 common shares (D) and 20,193 RSUs/derivative shares (D — derivative). Total = 83,340 shares.
• Approximate gross value: $541,710 (63,147 × $6.50 = $410,455.50; 20,193 × $6.50 = $131,254.50).
• Footnotes: F1 describes the cash‑out at $6.50/share under the court‑approved plan of arrangement; F2/F3 confirm each RSU represented one share and RSUs were surrendered for cash consideration.
• Shares owned after the transaction: The reported common shares and RSUs referenced were surrendered under the Arrangement; the filing indicates those securities were exchanged for cash per the deal.

Context
These dispositions were driven by a corporate acquisition (Pegasus BidCo B.V.’s purchase of SunOpta via a statutory plan of arrangement) and reflect the cash‑out of shares and RSUs at the deal price. Such M&A‑related surrender/tender transactions are routine in takeovers and should be viewed as deal execution rather than an individual director’s voluntary market sale.