Gaba Greg 4

What Happened
Greg Gaba, Chief Financial Officer of SunOpta Inc. (STKL), disposed of a total of 428,122 shares/equivalent units on May 1, 2026. These were not open‑market sales but dispositions to the issuer under a court‑approved arrangement that paid $6.50 per common share. The gross consideration for the shares disposed is approximately $2,782,793 (before applicable withholdings). Several of the disposals were derivative awards (RSUs, PSUs, stock options) that were surrendered for cash as part of the transaction.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 4, 2026 (appears timely given the takeover context).
• Per-share consideration: $6.50 per common share under the Arrangement Agreement; total gross proceeds ≈ $2.78M (less applicable withholdings).
• Shares disposed (by line items reported): 127,908; 64,386 (derivative); 138,580 (derivative); 2,891 (derivative); 7,204 (derivative); 26,094 (derivative); 61,059 — total 428,122.
• Shares owned after the transaction: filing shows the holdings and equity awards were surrendered/converted under the Arrangement; check the Form 4 for exact post‑transaction ownership if needed.
• Notable footnotes: the transfers were made pursuant to an Arrangement Agreement (court‑approved plan of arrangement) in which each outstanding common share was exchanged for $6.50 in cash (F1). RSUs and PSUs were surrendered for cash equal to the per‑share consideration (F2–F5); stock options were cashed out only to the extent the $6.50 exceeded the exercise price (F6). Withholdings may reduce net proceeds.

Context
This was a corporate cash‑out tied to a going‑private/arrangement transaction, not a routine open‑market insider sale. Derivative items (RSUs/PSUs/options) were converted to cash per the deal terms rather than exercised and sold in the market. Such filings reflect the mechanics of the acquisition payout rather than a signal about the insider’s view of the stock.