[Form 4] Loop Industries, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 highlights: Dean DeSantis, co-personal representative of the Estate of founder Carl DeSantis and a 10% owner of Celsius Holdings (CELH), reported the physical settlement of three tranches of a variable prepaid forward (VPF) entered 1 Aug 2022. The tranches matured 22-24 Jul 2025 and were settled on 23-25 Jul 2025.

Transaction details: Each tranche required GRAT 1, LLC—controlled by the estate—to deliver 300,000 CELH shares (adjusted for splits) to an unaffiliated buyer. Because the volume-weighted average price on each maturity date exceeded the $40.1588 cap, GRAT 1 received the maximum cash amount specified by the VPF formula and transferred the full share number. In total, 900,000 shares were disposed of at an implied cap price of $40.1588.

Ownership impact: Indirect beneficial ownership fell from roughly 3.6 million to 2.7 million shares, a 25% reduction. Shares are held indirectly through GRAT 1; DeSantis retains shared voting and dispositive power. No derivative positions remain after settlement.

Positive

• None.

Negative

• 900,000 CELH shares disposed by a 10% owner, reducing insider stake by ~25% and potentially adding share-price overhang.

Insights

Financial Analyst

TL;DR: Large insider sale—900k shares—signals reduced commitment; however, sale was pre-arranged via 2022 VPF.

The disposal equals ~25% of the estate’s indirect stake, so supply overhang is material. Although the transactions were contractually obligated and therefore partially price-agnostic, they still lower insider alignment and may pressure the float. Settlement above the $40.1588 cap implies CELH traded well beyond the forward’s upside collar, capping proceeds per share to ~$10.04 over the $30.12 floor. No additional derivatives remain, reducing complexity of future disclosures. Overall effect skews negative for sentiment but does not alter company fundamentals.

Corporate Governance Expert

TL;DR: Estate unwinds legacy forward contract; transparency good, but insider ownership drops materially.

Pre-paid forwards are legitimate liquidity tools, yet their unwinding can create perception issues. With the founder’s estate cutting its stake to 2.7 m shares, governance observers may question long-term voting stability. Still, the orderly settlement within Rule 144 parameters mitigates regulatory risk. No new pledges or derivative overlays were introduced.

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).

1. Name and Address of Reporting Person^*

Stubina Jay Howard

(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)
07/23/2025

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
Common Stock	07/23/2025		P		150,000	A	$1.0096	285,000	I	See Footnote(1)
Common Stock								202,915	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

Explanation of Responses:

1. Shares are held by 6337708 Canada Inc., a corporation duly formed and existing under the laws of Canada and controlled by Jay Stubina.

	/s/ Jay Howard Stubina	07/25/2025
	** 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.

FAQ

How many CELH shares did Dean DeSantis dispose of in July 2025?

The Form 4 shows 900,000 shares were delivered over three days (300,000 each day).

What was the nature of the transactions reported in the CELH Form 4?

They were physical settlements of a variable prepaid forward originally executed on 1 Aug 2022.

At what price were the CELH shares effectively settled?

Because settlement prices exceeded the cap, the cash component was calculated at the $40.1588 cap level per share formula.

How many CELH shares does the reporting person now beneficially own?

Indirect ownership decreased to approximately 2.7 million shares after the settlements.

Does the reporting person still hold derivative positions after these transactions?

No, the Form 4 indicates no derivative securities remain following the reported settlements.