Quipt Home Medical (QIPT) EVP exits in US$3.65-a-share buyout
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Quipt Home Medical Corp. executive Patrick Dennis Gamble has fully exited his equity position as part of the company’s cash acquisition. On March 16, 2026, he disposed of 60,057 Common Shares at US$3.65 per share in a disposition to the issuer under a plan of arrangement.
He also surrendered 15,000 stock options with a US$6.14 exercise price, which were cancelled for no consideration because the exercise price was at or above the US$3.65 cash deal value. Following these transactions, the filing shows he holds no remaining shares or options.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gamble Patrick Dennis
Role
Exec. VP Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 15,000 | $0.00 | -- |
| Disposition | Common Shares | 60,057 | $3.65 | $219K |
Holdings After Transaction:
Stock Option (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 may 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, 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 Home Medical (QIPT) executive Patrick Dennis Gamble report in this Form 4?
Patrick Dennis Gamble reported disposing of all his Quipt Home Medical equity interests. The filing shows his common shares were cashed out at US$3.65 per share and his stock options were surrendered or cancelled in connection with a plan of arrangement.
What happened to Patrick Dennis Gamble’s Quipt Home Medical (QIPT) stock options?
He surrendered 15,000 stock options with a US$6.14 exercise price in a disposition to the issuer. Under the arrangement terms, options with exercise prices at or above US$3.65 were cancelled for no consideration, so these options did not generate any cash payment.