DevvStream holder converts $3M note into shares

Focus Impact Sponsor, LLC, a major holder of DevvStream Corp., converted a secured convertible promissory note into equity.

Rhea-AI Filing Summary

Focus Impact Sponsor, LLC, a major holder of DevvStream Corp., converted a secured convertible promissory note into equity. The 5.30% Secured Convertible Note had an original principal amount of $3,000,000. Under a Conversion Agreement, the note was converted into 3,556,839 Common Shares at $0.9026 per share.

The filing shows a derivative entry for the Convertible Promissory Note converting into the same number of Common Shares, eliminating the note position and increasing the LLC’s equity stake. After the conversion, Focus Impact Sponsor, LLC directly owns 4,114,129 Common Shares of DevvStream Corp.

Insider Trade Summary

3,556,839 shares exercised/converted

Exercise 2 txns

Insider Focus Impact Sponsor, LLC

Role 10% Owner

Type	Security	Shares	Price	Value
Conversion	Convertible Promissory Note	3,556,839	$0.9026	$3.21M
Conversion	Common Shares	3,556,839	$0.9026	$3.21M

Holdings After Transaction: Convertible Promissory Note — 0 contracts (Direct); Common Shares — 4,114,129 shares (Direct)

Footnotes (1)

1. F1. The Reporting Person loaned funds to the Issuer, pursuant to a 5.30% Secured Convertible Note, in the original principal amount of $3,000,000, dated November 13, 2024. The Reporting Person and Issuer entered into a Conversion Agreement to convert the Promissory Note into 3,556,839 Common Shares at a per share price of $0.9026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did DevvStream Corp. (DEVS) report in this Form 4?

DevvStream reported that Focus Impact Sponsor, LLC converted a secured convertible promissory note into 3,556,839 Common Shares. This moves a $3,000,000 debt claim into equity, increasing the LLC’s direct share ownership in the company.

How many DevvStream (DEVS) shares were received in the conversion by Focus Impact Sponsor, LLC?

Focus Impact Sponsor, LLC received 3,556,839 DevvStream Common Shares through the note conversion. The shares were issued at a per share price of $0.9026 under a Conversion Agreement covering a $3,000,000 principal secured convertible note.

What was the price per DevvStream (DEVS) share in the convertible note conversion?

The convertible note was converted into DevvStream Common Shares at $0.9026 per share. This price was specified in the Conversion Agreement that turned the $3,000,000 secured convertible promissory note into 3,556,839 Common Shares.

What is Focus Impact Sponsor, LLC’s DevvStream (DEVS) share ownership after this Form 4 transaction?

After the conversion, Focus Impact Sponsor, LLC directly owns 4,114,129 DevvStream Common Shares. The Form 4 shows the prior convertible note position was fully converted, with total shares following the non-derivative transaction reported at that 4,114,129 level.

What were the key terms of the DevvStream (DEVS) secured convertible note that was converted?

The converted instrument was a 5.30% Secured Convertible Note with an original principal amount of $3,000,000 dated November 13, 2024. Under the Conversion Agreement, it was exchanged entirely for 3,556,839 DevvStream Common Shares at $0.9026 per share.

Does this DevvStream (DEVS) Form 4 involve an open-market buy or sell?

No, the Form 4 reflects a derivative conversion, not an open-market trade. Focus Impact Sponsor, LLC converted a secured convertible promissory note into 3,556,839 Common Shares, eliminating the note and increasing direct share ownership instead of buying or selling on the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/20/2026 - 03:19 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Focus Impact Sponsor, LLC

(Last) (First) (Middle)

1345 AVENUE OF THE AMERICAS, 33RD FLOOR

(Street)

NEW YORK NEW YORK 10105

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DevvStream Corp. [ DEVS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	03/13/2026		C		3,556,839	A	$0.9026	4,114,129	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Convertible Promissory Note(1)	$0.9026	03/13/2026		C			3,556,839(1)	(1)	(1)	Common Shares	3,556,839	$0.9026	0	D

Explanation of Responses:

1. The Reporting Person loaned funds to the Issuer, pursuant to a 5.30% Secured Convertible Note, in the original principal amount of $3,000,000, dated November 13, 2024. The Reporting Person and Issuer entered into a Conversion Agreement to convert the Promissory Note into 3,556,839 Common Shares at a per share price of $0.9026.

	/s/ Julio C. Esquivel as Attorney-In-Fact for Reporting Person	03/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)