Crawford Gregory John 4
4 · Quipt Home Medical Corp. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Quipt (QIPT) CEO Gregory J. Crawford Sells Shares
What Happened
- Gregory J. Crawford, President, CEO and director of Quipt Home Medical Corp. (QIPT), had multiple dispositions on March 16, 2026 as part of a company arrangement that paid US$3.65 per share. Reported cash proceeds: 3,351,196 shares for $12,231,865; 22,500 shares for $82,125; and 1,216,832 shares for $4,441,437 — a combined ~4,590,528 shares for ~$16,755,427. An additional 75,000 derivative units are reported as disposed with no cash amount listed.
Key Details
- Transaction date and price: March 16, 2026 — $3.65 per share for the reported common shares.
- Total shares cash‑settled: ~4,590,528; total cash received (reported): ~$16.76M.
- Derivative line: 75,000 reported as disposed (value N/A). Filing notes RSUs were cash‑settled at $3.65 and options were deemed vested and surrendered for cash equal to the excess of $3.65 over exercise price (options with exercise price ≥ $3.65 were canceled for no consideration).
- Shares held in the Gregory J. Crawford Family 2017 Children's Trust are disclaimers of beneficial ownership (per filing).
- Filing date matches the transaction date (filed March 16, 2026); the report does not indicate a late filing.
Context
- These dispositions were not open‑market sales but cash payouts under a going‑private plan of arrangement: at the effective time, each share (and RSU) was converted into the right to receive US$3.65 in cash. Options were either cash‑settled for the in‑the‑money amount or canceled if out‑of‑the‑money. Such transactions reflect the corporate transaction terms rather than a typical insider sale motivated by personal trading decisions.
Insider Transaction Report
Form 4Exit
Crawford Gregory John
DirectorPresident/CEO
Transactions
- Disposition to Issuer
Common Shares
[F1][F2]2026-03-16$3.65/sh−3,351,196$12,231,865→ 0 total - Disposition to Issuer
Common Shares
[F1]2026-03-16$3.65/sh−22,500$82,125→ 0 total(indirect: By Spouse) - Disposition to Issuer
Common Shares
[F1][F3]2026-03-16$3.65/sh−1,216,832$4,441,437→ 0 total(indirect: By Trust) - Disposition to Issuer
Stock Option (Right to Buy)
[F4]2026-03-16−75,000→ 0 totalExercise: $6.27→ Common Shares (75,000 underlying)
Footnotes (4)
- [F1]On March 16, 2026, 1567208 B.C. LTD, a company existing under the laws of British Columbia ("B.C. Purchaser"), and REM Aggregator, LLC, a Delaware limited liability company (individually, "REM Aggregator", and collectively with B.C. Purchaser ("Purchaser" or "Purchasers") acquired all of the issued and outstanding common shares (the "Shares") of Issuer under a plan of arrangement (the "Arrangement Agreement") pursuant to the Business Corporations Act (British Columbia) (the "BCBCA"). At the Effective Time (the "Effective Time") of the Arrangement Agreement each Share, other than any Shares held by shareholders who properly exercised dissent rights under the BCBCA ("Dissenting Shareholders"), were deemed to be transferred to Purchaser in consideration for the right to receive a cash payment from the Purchaser in the amount equal to US$3.65, without interest.
- [F2]The Shares include restricted share units ("RSUs"), which RSUs outstanding immediately prior to the Effective Time (whether vested or unvested) were, without any further action by or on behalf of the holder of any such RSU, deemed to be transferred by such holder to Issuer in consideration for the right to receive a cash payment from Issuer in the amount equal to US$3.65, less any amounts Issuer is required to withhold for taxes, without interest. Each RSU is the economic equivalent of one Share.
- [F3]Shares are held by the Gregoy J. Crawford Family 2017 Children's Trust for the benefit of Mr. Crawford's children. Mr. Crawford disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Crawford is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F4]Pursuant to the terms of the Arrangement Agreement, immediately following the Effective Time, each option exercisable to acquire one or more Shares from the Issuer (an "Option"), outstanding immediately prior to the Effective Time (whether vested or unvested) were deemed to be unconditionally vested and exercisable and will, without any further action by or on behalf of a holder of the Option, deemed to be surrendered and transferred by such holder to the Issuer in consideration for the right to receive a cash payment from the Issuer in an amount equal to the excess, if any, of US$3.65 over the exercise price of such option, less any amounts the Issuer is required to withhold for taxes, without interest. Any option for which the exercise price is equal to or greater than US$3.65 will be cancelled for no consideration.
Signature
/s/ Gregory John Crawford|2026-03-16