Wessel Brian Joseph 4

What Happened
Brian Wessel, a director of Quipt Home Medical Corp. (QIPT), had 215,729 common shares disposed to the issuer at $3.65 per share (116,854 and 98,875 shares) in connection with a March 16, 2026 cash‑out arrangement, generating ~$787,411 in cash. In addition, 75,000 derivative interests were surrendered/disposed (no per‑unit price listed in the filing). Separately, 80,406 restricted share units (RSUs) were forfeited immediately prior to the deal’s effective time.

Key Details

• Transaction date: 2026-03-16; cash consideration: $3.65 per share.
• Reported cash proceeds for disclosed share dispositions: $426,517 and $360,894 (total ~$787,411).
• 75,000 derivative units were surrendered (no dollar amount shown in the Form 4).
• 80,406 RSUs forfeited prior to the effective time (per footnote).
• Shares are held by the B & E Wessel Family Trust; Mr. Wessel disclaims beneficial ownership of those trust-held shares (footnote).
• Transactions resulted from a court-approved plan of arrangement (cash-out acquisition), not an open‑market sale; filing was made on the transaction date (timely).

Context
These disposals were part of an acquisition under a British Columbia arrangement agreement in which all non‑dissenting shares were converted into the right to receive US$3.65 in cash. Per the agreement, outstanding options/derivatives were cashed out or cancelled based on their exercise prices (holders received the excess of $3.65 over exercise price, if any). This is a liquidity event (deal consideration), not a typical insider sale signaling sentiment.