Gillin Ann Lefever 4

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

AI-generated summary of this filing

Updated Apr 2, 2026

Village Farms (VFF) COO Ann Gillin Lefever Exercises RSUs, Sells Shares

What Happened

Gillin Ann Lefever, COO of Village Farms International (VFF), had a grant of 78,525 restricted share units (RSUs) dated 2025-04-01 and on 2026-04-01 she exercised/converted 23,558 derivative awards into common shares. To satisfy tax withholding, 9,386 shares were surrendered/sold at $2.84 per share for proceeds of $26,656. The RSUs do not require an exercise price.

Key Details

Transaction dates: Grant (A) 2025-04-01; Exercise/conversion (M) and tax payment (F) 2026-04-01; filing date 2026-04-02.
Prices/values: Tax-withholding sale of 9,386 shares at $2.84 = $26,656. Exercise/conversion reported with no dollar price (RSUs convert to shares without an exercise price).
Shares owned after transaction: Not specified in the provided filing data.
Footnotes: RSUs vest 30% on each of the three anniversaries of the grant; remaining 10% vests on Dec 31, 2027 only if the share price is > $3.00. Performance-based RSUs expire Jan 1, 2028 if performance criteria are not met.
Codes explained: A = grant/award; M = exercise/conversion of a derivative; F = shares surrendered/used to pay exercise price or tax liability.
Timeliness: Filing dated 2026-04-02 for 2026-04-01 activity — appears timely (filed within the Form 4 reporting window).

Context

This was primarily a conversion of RSUs to common shares with a partial sale/surrender to cover taxes (a routine administrative step), not an open-market directional sale. The tax withholding amount is modest (~$26.7k). The original RSU award is partly time- and performance-based, so additional shares may vest later if conditions are met.

Form 4

Period: 2025-04-01

Chief Operating Officer

Transactions

Exercise/Conversion
Common Shares
[F1]
2026-04-01+23,558→ 214,397 total
Tax Payment
Common Shares
2026-04-01$2.84/sh−9,386$26,656→ 205,011 total
Award
Restricted Share Units
[F1][F2]
2025-04-01+78,525→ 78,525 total
→ Common Shares (78,525 underlying)
Exercise/Conversion
Restricted Share Units
[F1][F2]
2026-04-01−23,558→ 54,967 total
→ Common Shares (23,558 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