Pannikode Shalima K. 4

What Happened

• Director Pannikode Shalima K. received a grant of 33,911 deferred share units (DSUs) on March 31, 2026. The DSUs were recorded at US$0.55 each (derived from C$0.77 using the Bank of Canada rate), for a total reported value of US$18,651. Transaction code: A (award/grant).

Key Details

• Transaction date and price: March 31, 2026; 33,911 DSUs at US$0.55 per unit (C$0.77 used to calculate units).
• Total reported value: US$18,651.
• Shares owned after transaction: not disclosed in the filing.
• Filing: Form 4 filed 2026-04-02 (appears timely—within standard two business days of the transaction).
• Transaction type: derivative award (DSUs) under the Issuer’s Third Amended and Restated Long Term Incentive Plan.

Context

• DSUs are a deferred compensation award that are the economic equivalent of common shares; they do not represent immediate share transfers. DSUs settle following cessation of service. For directors taxable in the U.S., DSUs will settle no later than 40 days after termination and will be settled in common shares or the cash equivalent (cash value calculated based on a specified post‑separation pricing date per the plan).
• This is an award grant (not an open‑market purchase or sale) and is typically part of director compensation rather than an active market signal.