Lemmon David J 4
4 · SunOpta Inc. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
SunOpta (STKL) Director David J. Lemmon Sells 43,072 Shares
What Happened
David J. Lemmon, a director of SunOpta Inc. (STKL), disposed of a total of 43,072 shares on May 1, 2026. The transactions comprised 22,879 common shares and 20,193 shares resulting from restricted stock units (RSUs) that were surrendered for cash. Under the court‑approved plan of arrangement, each share was cashed out at $6.50 per share (less applicable withholdings), for a combined proceeds of approximately $279,968. This was a disposition to the issuer as part of the company acquisition, not an open‑market sale.
Key Details
- Transaction date: May 1, 2026. Form 4 filed May 4, 2026.
- Price: $6.50 per share (cash consideration under the Arrangement); total ≈ $279,968.
- Shares disposed: 22,879 common shares; 20,193 RSU‑derived shares (total 43,072).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes: F1 = cash-out under court-approved Arrangement; F2 = RSU = right to one share; F3 = RSUs surrendered for cash at $6.50 each. Proceeds subject to applicable tax withholdings.
- Transaction code: D (disposition to issuer — i.e., shares cashed out in the deal). No indication in the excerpt that this was a 10b5-1 plan or other special trading plan.
Context
This was a deal-related cash-out tied to SunOpta’s acquisition (each common share converted to $6.50 cash), so it reflects the transaction mechanics rather than an insider signaling buy/sell sentiment. The RSU entries were surrendered for cash (not exercised into open‑market shares). Retail investors should view this as a routine merger consideration payout rather than a discretionary market sale.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-05-01−22,879→ 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.