Quipt Home Medical (QIPT) EVP exits in US$3.65-a-share buyout

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.

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

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X

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^*

Gamble Patrick Dennis

(Last) (First) (Middle)

C/O QUIPT HOME MEDICAL CORP.

1019 TOWN DRIVE

(Street)

WILDER KY 41076

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Quipt Home Medical Corp. [ QIPT ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec. VP Operations

3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026

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	03/16/2026(1)		D		60,057(2)	D	$3.65	0	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
Stock Option (Right to Buy)	$6.14	03/16/2026		D			15,000	(3)	(3)	Common Shares	15,000	(3)	0	D

Explanation of Responses:

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.

2. 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.

3. 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.

	/s/ Patrick Dennis Gamble	03/16/2026
	** 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).
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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.

How many Quipt Home Medical (QIPT) common shares did the executive dispose of and at what price?

He disposed of 60,057 Quipt Home Medical common shares at US$3.65 per share. These were transferred under a plan of arrangement in which purchasers acquired all issued and outstanding shares for a cash payment of US$3.65, without interest.

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.

Does Patrick Dennis Gamble still own Quipt Home Medical (QIPT) shares after these transactions?

No, the Form 4 indicates he no longer owns Quipt Home Medical shares after the transactions. Total shares following the disposition are reported as zero for both his common share holdings and his stock options, reflecting a complete exit of his reported position.

What transaction structure affected Quipt Home Medical (QIPT) shareholders in this filing?

Shareholders were affected by a plan of arrangement under British Columbia law. Purchasers acquired all issued and outstanding common shares for US$3.65 in cash per share, with certain shareholders able to exercise dissent rights as provided by the Business Corporations Act (British Columbia).

How were Quipt Home Medical (QIPT) restricted share units (RSUs) treated in the transaction?

Outstanding restricted share units were deemed transferred to the issuer at the effective time. Holders became entitled to a cash payment equal to US$3.65 per unit, less required tax withholdings, with each RSU economically equivalent to one common share under the arrangement’s terms.