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Loop Industries (LOOP) grants director 1M stock options vests through 2030

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Loop Industries director Spencer Hart reported receiving stock option awards on January 4, 2026. The grants consist of two awards of stock options to purchase Loop Industries common stock at an exercise price of $1.02 per share, one for 200,000 options and another for 800,000 options, for a total of 1,000,000 options held directly after the transactions.

According to the footnote, these options vest in four equal annual tranches on January 5, 2027, January 5, 2028, January 5, 2029 and January 5, 2030, as long as Hart continues to be employed by the company through each vesting date. Any unvested options will also fully vest if the Infinite Loop India plant produces 12,500 MT of PET resin meeting customer requirements in a single calendar quarter.

Positive

  • None.

Negative

  • None.
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*
Hart Spencer

(Last) (First) (Middle)
480 FERNAND POITRAS

(Street)
TERREBONNE A8 J6Y1Y4

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Loop Industries, Inc. [ LOOP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/04/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
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
Stock options (right to buy) $1.02 01/04/2026 A 200,000 01/04/2026 01/04/2033 Common Stock 200,000 $0 200,000 D
Stock options (right to buy) $1.02 01/04/2026 A 800,000 (1) 01/04/2033 Common Stock 800,000 $0 1,000,000 D
Explanation of Responses:
1. This option will vest and become exercisable ratably in equal tranches on January 5, 2027, January 5, 2028, January 5, 2029 and January 5, 2030, provided that the Reporting Person continues to be employed by the Company through the applicable vesting date. In addition, any unvested options will immediately vest if the Infinite Loop India plant produces 12,500 MT of PET resin meeting customer requirements in one calendar quarter.
/s/ Spencer Hart 01/06/2026
** 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.
Loop Industries

NASDAQ:LOOP

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54.62M
24.64M
48.83%
7.42%
1.06%
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Chemicals & Allied Products
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