Essaddam Adel 4

What Happened Essaddam Adel, Chief Operating Officer of Loop Industries (LOOP), received two derivative equity awards on April 8, 2026: one for 200,000 shares and one for 400,000 shares. Both awards are reported at $0.00 per share (no upfront cash paid) and are recorded as "acquired" derivative securities on the Form 4.

Key Details

• Transaction date: April 8, 2026; Form 4 filed April 10, 2026 (timely filing, two business days after transaction).
• Awards: 200,000 and 400,000 derivative shares (total 600,000); reported price $0.00; total cash paid $0.
• Vesting/Exercise: Footnote states the option(s) vest and become exercisable ratably on April 8, 2027 and April 8, 2028, contingent on continued employment.
• Shares owned after transaction: Not specified in the filing.
• Filing status: Timely (no late filing indicated).

Context These are derivative awards (described in the filing as options) that do not represent immediate stock sales or purchases—no shares were exercised or sold at grant. The awards vest in equal tranches over two years, meaning the executive must remain employed to realize the economic benefit. Executive grants are routine compensation tools and do not, by themselves, indicate buying or selling sentiment.