Quipt (QIPT) CAO surrenders options and 173,000 shares in $3.65 cash acquisition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quipt Home Medical Corp. Chief Accounting Officer Thomas Roehrig reported disposing of all his reported equity interests in connection with the company’s cash acquisition. He returned stock options covering 50,000, 50,000 and 30,000 common shares with exercise prices of $2.45, $6.27 and $6.14 per share to the issuer. He also disposed of 173,000 common shares at $3.65 per share to the purchaser under a plan of arrangement that cashed out all outstanding common shares at $3.65 per share. Following these transactions, the filing shows no remaining shares or options held.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Roehrig Thomas
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (Right to Buy) | 50,000 | $0.00 | -- |
| Disposition | Stock Options (Right to Buy) | 50,000 | $0.00 | -- |
| Disposition | Stock Options (Right to Buy) | 30,000 | $0.00 | -- |
| Disposition | Common Shares | 173,000 | $3.65 | $631K |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 shares (Direct);
Common Shares — 0 shares (Direct)
Footnotes (1)
- On March 16, 2026, 1567208 B.C. LTD, a company existing under the laws of British Columbia ("B.C. Purchaser"), and REM Aggregator, LLC, a Delaware limited liability company (individually, "REM Aggregator", and collectively with B.C. Purchaser ("Purchaser" or "Purchasers") acquired all of the issued and outstanding common shares (the "Shares") of Issuer under a plan of arrangement (the "Arrangement Agreement") pursuant to the Business Corporations Act (British Columbia) (the "BCBCA"). At the Effective Time (the "Effective Time") of the Arrangement Agreement each Share, other than any Shares held by shareholders who properly exercised dissent rights under the BCBCA ("Dissenting Shareholders"), were deemed to be transferred to Purchaser in consideration for the right to receive a cash payment from the Purchaser in the amount equal to US$3.65, without interest. The Shares include restricted share units ("RSUs"), which RSUs outstanding immediately prior to the Effective Time (whether vested or unvested) were, without any further action by or on behalf of the holder of any such RSU, be deemed to be transferred by such holder to Issuer in consideration for the right to receive a cash payment from Issuer in the amount equal to US$3.65, less any amounts Issuer is required to withhold for taxes, without interest. Each RSU is the economic equivalent of one Share. Pursuant to the terms of the Arrangement Agreement, immediately following the Effective Time, each option exercisable to acquire one or more Shares from the Issuer (an "Option"), outstanding immediately prior to the Effective Time (whether vested or unvested) were deemed to be unconditionally vested and exercisable and will, without any further action by or on behalf of a holder of the Option, deemed to be surrendered and transferred by such holder to the Issuer in consideration for the right to receive a cash payment from the Issuer in an amount equal to the excess, if any, of US$3.65 over the exercise price of such option, less any amounts the Issuer is required to withhold for taxes, without interest. Any option for which the exercise price is equal to or greater than US$3.65 will be cancelled for no consideration.
FAQ
What did Quipt (QIPT) Chief Accounting Officer Thomas Roehrig report in this Form 4?
Thomas Roehrig reported disposing of all his reported Quipt equity. He returned three stock option grants and 173,000 common shares as part of a cash transaction that paid $3.65 per share for all outstanding common shares.
What happened to Thomas Roehrig’s Quipt (QIPT) stock options in this transaction?
He surrendered stock options covering 50,000, 50,000 and 30,000 common shares with exercise prices of $2.45, $6.27 and $6.14. Under the arrangement, options were vested, then surrendered for cash equal to any excess over $3.65 per share.
How were Quipt (QIPT) stock options treated if their exercise price exceeded $3.65?
Under the arrangement terms, any option with an exercise price equal to or greater than $3.65 per share was cancelled for no consideration. Only options with an exercise price below $3.65 were eligible for a cash payment equal to the in-the-money amount.