Henry John Patrick 4

What Happened

• Director Henry John Patrick exercised stock options on January 7, 2026, acquiring 25,000 common shares of Village Farms International (VFF) at an exercise price of $1.09 per share, a cash cost of $27,250. The Form 4 also lists a related derivative entry for 25,000 shares reported as "disposed" (see Key Details and Footnotes).

Key Details

• Transaction date: January 7, 2026.
• Exercise: 25,000 shares acquired at $1.09 each; total cash paid $27,250.
• Related derivative line: 25,000 shares reported as disposed (no cash amount listed) — appears on the same filing.
• Footnotes: F1 — options were granted March 29, 2016 and fully vested on the third anniversary of the grant; F2 — options granted under Village Farms’ Share-Based Compensation Plan (per 10-K/A filed Apr 25, 2025).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Filing date vs. trade date: Form 4 filed April 8, 2026 for a Jan 7, 2026 transaction — this is a late filing (filed well after the usual 2-business-day reporting window).

Context

• This was an option exercise (reporting code M). The filing shows the exercise of vested options to acquire shares; it does not show an immediate open‑market sale of the acquired shares in the provided data.
• Late filing means the disclosure reached the public market weeks/months after the trade; late Form 4s are common but reduce the usefulness of the signal for short‑term traders. The footnotes indicate these were long-held, vested options from a 2016 grant under the company’s compensation plan.