Hazout Marc 4

What Happened

• Marc Hazout, a reported 10% owner of SusGlobal Energy Corp. (SNRG), reported sales of a total 500,000 shares in open-market or private-sale transactions. The filing lists the price at $0.03 per share and total reported proceeds of roughly $14,567 across four trades on Feb 2–3, 2026. Sales are coded as "S" on the Form 4; sales are often routine liquidity events and do not by themselves indicate company performance.

Key Details

• Transactions:
  • 2026-02-02: Sold 160,000 shares @ $0.03 — reported proceeds $5,136
  • 2026-02-03: Sold 290,500 shares @ $0.03 — reported proceeds $7,989
  • 2026-02-03: Sold 30,000 shares @ $0.03 — reported proceeds $828
  • 2026-02-03: Sold 19,500 shares @ $0.03 — reported proceeds $614
  • Aggregate: 500,000 shares sold; reported total proceeds ≈ $14,567
• Filing: Form 4 was filed on 2026-02-17 for transactions dated 2026-02-02 and 2026-02-03 — the report appears late (filed ~2 weeks after the trades).
• Shares owned after transaction: Not stated in the provided filing details.
• Footnote: F1 notes Marc Hazout controls Travellers International Inc.

Context

• As a 10% owner (not necessarily an executive role), Hazout is a significant shareholder; such holders may sell for portfolio or business reasons. The transactions were sales, not purchases or option exercises, so they are generally less informative about insider confidence than buys. The dollar amounts are modest and the per-share price is low (penny-stock range), which can affect liquidity and price impact.