Rosa Luvizotto Glauber 4/A

What Happened

• Director Rosa Luvizotto Glauber exercised stock options on March 19, 2026 to acquire a total of 264,513 common shares (216,920 at CAD 1.57 and 47,593 at CAD 17.35) for aggregate option exercise outlay of about CAD 1.17M. To cover tax obligations, 66,652 shares were withheld/disposed at CAD 99.15, valued at CAD 6,608,546.
• Net new shares delivered to Glauber from these transactions = 264,513 acquired minus 66,652 withheld = 197,861 additional shares retained (the filing excerpt does not state her total post-transaction holdings).

Key Details

• Transaction date: March 19, 2026 (Form 4/A filed March 30, 2026; amends the Form 4 originally filed March 23, 2026).
• Exercise details: 216,920 shares at CAD 1.57 (F3 — options granted Oct 2, 2019, fully vested); 47,593 shares at CAD 17.35 (F4 — options granted Jan 10, 2025; vesting in three annual installments starting Jan 10, 2026).
• Tax withholding: 66,652 shares disposed at CAD 99.15 to satisfy tax liabilities (transaction code F). Filing amends prior report to correct the withheld shares from 64,682 to 66,652 (F2).
• Currency: transaction amounts reported in Canadian dollars (F1).
• Amendment: This is an amended filing correcting the number of shares withheld; the filing does not specify any 10b5-1 plan or other sale plan.

Context

• These were option-exercise transactions (derivative code M) with part of the shares immediately used to satisfy tax withholding (code F), a common cashless/withholding practice that does not necessarily signal a change in sentiment.
• The 2019 options were fully vested; the 2025 grant had begun vesting on Jan 10, 2026, allowing the exercised portion.