Oaktree Huntington Investment Fund II, L.P. 4

What Happened

• Oaktree Capital Group Holdings GP, LLC (reported as a 10% owner / manager of Oaktree entities) disposed of a large block of SunOpta (STKL) securities on May 1, 2026. The primary reported disposition was 20,651,812 common shares sold at $6.50 per share for proceeds of $134,236,778.
• In addition to that cash sale, the filing reports several derivative or non-cash dispositions: 2,932,453 shares reported at $0.00 (disposed for no consideration), 30,000 derivative shares (N/A price), and a couple of 1-share derivative entries. These derivative items reflect transfers/terminations tied to the Plan of Arrangement and related instruments, not routine open-market trades.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026.
• Cash sale: 20,651,812 shares @ $6.50 = $134,236,778.
• Other reported dispositions: 2,932,453 shares @ $0.00 (no consideration), 30,000 derivative shares (N/A), plus small 1-share derivative entries.
• Shares owned after transaction: not specified in the provided filing summary.
• Notable footnotes:
  • The dispositions were made in connection with a Plan of Arrangement between SunOpta and the purchaser (F1, F4).
  • Series B-1 preferred stock held by Oaktree entities was converted/exchanged into Exchange Shares and then cashed out at $6.50 per share under the arrangement (F4, F5).
  • Special Shares, Series 2, were disposed of for no consideration (F6).
  • Certain Trading Funds had cash‑settled total return swaps that were terminated in connection with the transaction (F7); Oaktree entities act as GP/manager of those funds (F8).
  • Reporting persons disclaim beneficial ownership except to the extent of pecuniary interest (F2).
• Filing timing: the Form 4 shows the trades occurred May 1 and the filing date is May 5, 2026 (investors may note the 4-day gap).

Context

• This was an institutional disposition tied to a corporate reorganization (Plan of Arrangement), not an ordinary insider open-market sale — the $6.50 per-share cash consideration came from the arrangement terms rather than a standard market trade.
• As a reported 10% owner and fund manager, Oaktree's filing reflects transfers across entities and derivative settlements; this is different from an executive signaling personal views by buying or selling stock.