[Form 4] Pineapple Financial Inc. Insider Trading Activity

Rhea-AI Filing Summary

Renovaro Inc. (RENB) – Schedule 13D/A Amendment 21 reports updated beneficial ownership of insider William Anderson Wittekind.

• Current Beneficial Ownership: 18,133,196 common shares, equal to 8.0 % of the class.
• Voting/Dispositive Power: Sole power over 5,606,644 shares; shared power over 12,526,552 shares, including 12,438,431 shares held by spouse Serhat Gumrukcu (subject to a U.S. District Court writ of attachment) and 88,121 jointly-owned shares.
• Ownership Structure: Direct holdings plus stakes through Weird Science LLC and six grantor retained annuity trusts under Wittekind’s sole control.
• Dilution Effect: RENB disclosed it will issue 53.6 million shares upon conversion of convertible notes on or before 11 July 2025, lifting total shares outstanding from 172.1 million to roughly 225.7 million. This transaction reduces Wittekind’s ownership from 10.4 % (reported in Amendment 20) to 8.0 % without any sale of shares.
• No Change in Intent: Items 4 and 6 state “Not Applicable,” indicating no current plans to acquire additional securities, seek board changes, or enter material agreements.
• Regulatory & Legal Note: The spouse’s 12.4 million RENB shares are encumbered by litigation (Estate of Gregory Davis v. Serhat Daniel Gumrukcu, writ of attachment dated 27 Oct 2023).

The filing keeps Wittekind above the 5 % reporting threshold, but the imminent note conversion materially increases RENB’s public float and dilutes all existing holders. Investors should monitor (1) completion of the 53.6 million-share issuance, (2) any future amendments that reflect additional percentage changes, and (3) litigation outcomes that could affect the voting or disposal rights over the encumbered shares.

Insights

Securities Analyst

TL;DR – 53.6 M-share conversion dilutes RENB; insider stake falls to 8 %.

The amendment is mechanically driven by the pending note conversion rather than active selling. While Wittekind retains a sizeable 18.1 million-share position, the company’s share count will grow ~31 %, weighing on per-share metrics and potentially pressuring the stock once the new shares begin trading. The writ of attachment on Gumrukcu’s shares introduces headline and voting-control risk. Overall, the disclosure is slightly negative for minority holders because it confirms material dilution and ongoing legal overhang.

Corporate Governance Expert

TL;DR – Insider control unchanged; legal encumbrance may limit voting clarity.

Although Wittekind’s percentage falls, he still exceeds the 5 % threshold, maintaining influence. The unchanged “Purpose of Transaction” and absence of new agreements suggest no immediate governance shifts. However, the spouse’s encumbered block—over 5 % of shares outstanding post-dilution—is under court supervision, potentially complicating proxy outcomes. Boards and investors should watch whether these restricted shares can be voted or sold, as litigation developments could suddenly redistribute a significant equity block.

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^*

Marin Kendall Leo

(Last) (First) (Middle)

1 COUNTRY CLUB CRECENT

(Street)

UXBRIDGE A6 L9P 0B8

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Pineapple Financial Inc. [ PAPL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

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 Shares	07/08/2025		P		3,000	A	$0.097	2,284,823(1)	D
Common Shares	07/08/2025		P		2,000	A	$0.1	2,286,823(1)	D
Common Shares	07/10/2025		P		2,100	A	$0.09	2,288,923(1)	D
Common Shares	07/10/2025		P		2,000	A	$0.094	2,290,923(1)	D
Common Shares	07/10/2025		P		1,000	A	$0.1	2,291,923(1)	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. Total excludes the 126,652 options and 25,651 warrants owned by the Reporting Person. The stock options were issued to the Reporting Person, pursuant to 2022 Omnibus Equity Incentive Compensation Plan on November 03, 2023, the options are exercisable at $3.60 per share and vest over 2 years whereby 25% of the options granted vested on the date of grant, and the remaining unvested options vest in equal installments every 6 months thereafter.

	/s/ Kendall Marin	07/10/2025
	** 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

Why did William Anderson Wittekind’s RENB ownership drop to 8 percent?

The fall from 10.4 % to 8.0 % is due to RENB issuing 53.6 million new shares upon convertible-note conversion, increasing the denominator.

How many RENB shares does Wittekind control after Amendment 21?

He beneficially owns 18,133,196 shares, with sole voting power over 5.6 million and shared power over 12.5 million.

When will the 53.6 million new RENB shares be issued?

The company disclosed the shares will be issued on or before 11 July 2025 upon convertible-note conversion.

Are any of the insider’s RENB shares subject to legal restrictions?

Yes. 12,438,431 shares owned by Wittekind’s spouse are under a District Court writ of attachment related to ongoing litigation.

Does the filing indicate plans for further transactions or governance changes at RENB?

No. Items 4 and 6 are marked “Not Applicable,” implying no current plans for additional acquisitions, dispositions or corporate actions.