[Form 4] Pineapple Financial Inc. Insider Trading Activity

Rhea-AI Filing Summary

Uni-Fuels Holdings Limited filed a Form 6-K dated 21 July 2025.

• The filing furnishes a press release announcing the Company’s first commercial paper issuance on the ADDX digital securities exchange.
• The tranche was oversubscribed, raising USD 3 million.

No information is provided on coupon, tenor, pricing, use-of-proceeds or comparative liquidity metrics, so the overall balance-sheet impact cannot be fully evaluated from this filing alone.

Positive

• Oversubscribed USD 3 million commercial paper issuance demonstrates investor demand and adds incremental liquidity.

Negative

• No disclosure of coupon, tenor, pricing or use-of-proceeds limits evaluation of funding cost and strategic impact.
• Small issuance size suggests limited balance-sheet effect unless the Company’s scale is very small.

Insights

Capital-Markets Analyst

TL;DR: Small but oversubscribed $3 m CP deal hints at demand; financial impact unclear without terms.

The disclosed USD 3 million commercial paper issuance is the Company’s first use of ADDX’s digital platform. Oversubscription signals investor appetite and may slightly lower funding costs versus traditional channels. However, the absence of maturity, coupon or use-of-proceeds data prevents assessment of cost of capital or leverage effects. Given the modest size, the event is likely liquidity-positive but not materially transformative.

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^*

Baron Paul Robert Maurice

(Last) (First) (Middle)

200-111 GORDON BAKER RD.

(Street)

TORONTO A6 M2H 3R1

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

3. Date of Earliest Transaction (Month/Day/Year)
07/16/2025

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

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
Restricted Stock Units	(1)	07/16/2025		A		2,523		(2)	(2)	Common Share	2,523	$0	2,523	D
Stock Option (right to buy)	$1.3	07/16/2025		A		2,500		(3)	07/16/2035	Common Share	2,500	$0	2,500	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one PAPL common share.

2. The restricted stock units vests immediately.

3. The options vest immediately.

	/s/ Baron Paul	07/21/2025
	** 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

What did Uni-Fuels (UFG) announce in its July 21 2025 Form 6-K?

The filing reports completion of the Company’s first, oversubscribed USD 3 million commercial paper issuance on ADDX.

How much capital did Uni-Fuels raise through the commercial paper issuance?

The Company raised USD 3 million.

Was the Uni-Fuels commercial paper offering successful?

Yes. The filing states the issuance was oversubscribed, indicating demand exceeded supply.

Which platform handled the Uni-Fuels commercial paper issuance?

The issuance was conducted on the ADDX digital securities platform.

Does the filing disclose interest rate or maturity terms of the paper?

No. The Form 6-K does not include coupon, tenor or pricing details.