Bovenschen Orville 4

4 · Village Farms International, Inc. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Village Farms (VFF) President Bovenschen Receives RSU Award

What Happened

Orville Bovenschen, President of Canadian Cannabis for Village Farms International (VFF), had 15,547 restricted share units (RSUs convert/vest) on 2026-04-01. No exercise price was required. To cover tax withholding, 4,118 of those shares were surrendered/disposed at $2.84 per share for $11,695, leaving a net 11,429 shares issued to him.

Key Details

Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely).
Primary codes: M = conversion/exercise of derivative (RSU vesting); F = shares withheld/used to pay tax liability.
Withheld/disposed: 4,118 shares at $2.84 each; total tax withholding value reported $11,695.
Net shares received by insider: 11,429 (15,547 vested − 4,118 withheld).
Shares owned after transaction: Not disclosed in the filing.
Footnotes: RSUs are time- and performance-based; 30% vest on each of three anniversaries, remaining 10% vests Dec 31, 2027 only if share price > $3.00. Performance-based RSUs expire Jan 1, 2028 if vesting conditions aren’t met.

Context

This was a vesting/award event (RSUs converting into common shares), not an open-market purchase or directional trade; the sale of 4,118 shares was a routine tax-withholding/cashless settlement. RSU vesting provides insiders with company stock but does not by itself indicate buying or selling intent in the open market.

Form 4

Period: 2026-04-01

President of Canadian Cannabis

Transactions

Exercise/Conversion
Common Shares
[F1]
2026-04-01+15,547→ 15,547 total
Tax Payment
Common Shares
2026-04-01$2.84/sh−4,118$11,695→ 11,429 total
Exercise/Conversion
Restricted Share Units
[F1][F2]
2026-04-01−15,547→ 36,276 total
→ Common Shares (15,547 underlying)

Footnotes (2)

[F1]Restricted share units are time and performance-based grants of common shares ("RSUs") of Village Farms International, Inc ("Issuer") made pursuant to the Issuer's Share-Based Compensation Plan, as described in the Issuer's Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on April 25, 2025. 30% of the RSUs vest on each of the three anniversaries of the initial grant date. The remaining 10% of the RSUs vest on December 31, 2027 if the Issuer's common share price is greater than $3.00 per common share. RSUs do not require payment of a conversion or exercise price.
[F2]The RSUs that are subject to performance-based vesting criteria expire on January 1, 2028 in the event that such performance-based vesting criteria has not been met.

Signature

/s/Stephen C. Ruffini, Attorney-in-Fact|2026-04-02

1 file