Loop Industries (LOOP) Director Auguste Laurent Receives RSU Award

What Happened

• Auguste Laurent, a director of Loop Industries, was granted 105,263 restricted stock units (RSUs) on 2026-07-23. The Form 4 reports the acquisition as 105,263 shares at $0.00 (total reported value $0). This is an award (not an open-market purchase or sale) and represents a contingent right to receive one share of common stock per RSU upon vesting.

Key Details

• Transaction date and price: 2026-07-23; 105,263 RSUs at $0.00 per unit (reported total $0). Transaction code: A (Award/Grant).
• Vesting terms (footnote F1): RSUs vest on the earlier of the one-year anniversary of the grant or the day before the Company's next annual meeting of stockholders, provided Mr. Laurent continues to serve as a non-employee director through the vesting date.
• Shares held/ownership (footnote F2): The reported shares are held by Natane S.a s.u., a French corporation controlled by Laurent.
• Filing/timeliness: Form filed 2026-07-24 for a 2026-07-23 transaction — timely under standard Form 4 rules (not reported late).

Context

• RSUs are a form of compensation: they do not require an immediate cash outlay and convert to actual shares only if/when they vest. Such grants are common for directors as part of routine compensation and do not by themselves indicate a buy or sell sentiment. The award increases potential future equity interest if vested, but until vesting occurs the RSUs are contingent.