Quipt Home Medical (QIPT) CEO exits stake in US$3.65-per-share cash buyout

Rhea-AI Filing Summary

Quipt Home Medical Corp.’s President and CEO Gregory John Crawford reported that all of his equity in the company was cashed out in connection with a change-of-control transaction. Under a court-approved plan of arrangement, all common shares were transferred to purchasers for US$3.65 per share in cash.

Crawford disposed of 3,351,196 common shares held directly at US$3.65 per share, plus additional shares held indirectly by his spouse and by the Gregory J. Crawford Family 2017 Children's Trust, for which he disclaims beneficial ownership. A stock option covering 75,000 shares with a US$6.27 exercise price was also surrendered to the issuer under the arrangement’s option treatment provisions. Following these transactions, the filing shows no remaining shares or options held.

Insights

Equity compensation and M&A specialist

CEO’s entire Quipt equity position is cashed out at US$3.65 per share in a buyout.

The filing shows Gregory John Crawford, Quipt’s President and CEO, disposing of all reported equity interests due to the company’s acquisition. All common shares were transferred to the purchasers at US$3.65 per share in cash under a statutory plan of arrangement.

Non‑share awards were also addressed: restricted share units were converted into cash at US$3.65 per unit (less taxes), and stock options became fully vested and were surrendered for cash equal to any intrinsic value, while options with exercise prices at or above US$3.65 were cancelled. This is a typical clean-up of equity as the company moves to private ownership.

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^*

Crawford Gregory John

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President/CEO

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		3,351,196(2)	D	$3.65	0	D
Common Shares	03/16/2026(1)		D		22,500	D	$3.65	0	I	By Spouse
Common Shares	03/16/2026(1)		D		1,216,832	D	$3.65	0	I	By Trust(3)

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)	$6.27	03/16/2026		D			75,000	(4)	(4)	Common Shares	75,000	(4)	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 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. Shares are held by the Gregoy J. Crawford Family 2017 Children's Trust for the benefit of Mr. Crawford's children. Mr. Crawford disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Crawford is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

4. 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/ Gregory John Crawford	03/16/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Quipt Home Medical (QIPT) report for its CEO?

Ceo Gregory John Crawford reported disposing of all his Quipt equity. He transferred over 3.35 million common shares held directly, plus additional indirect holdings, as part of a cash buyout at US$3.65 per share under a plan of arrangement.

At what price were Quipt Home Medical (QIPT) shares cashed out in the transaction?

Each Quipt common share was exchanged for US$3.65 in cash. This price applied to all issued and outstanding shares involved in the arrangement, excluding properly dissenting shareholders, and formed the basis for cash payments to equity holders in the completed acquisition.

How many Quipt (QIPT) shares did CEO Gregory Crawford dispose of directly?

Gregory Crawford disposed of 3,351,196 common shares held directly. These shares were transferred to the acquirers at US$3.65 per share in cash as part of the plan of arrangement, leaving no directly held shares reported after the transaction.

What happened to Quipt (QIPT) shares held indirectly by the CEO’s spouse and trust?

Indirect holdings, including shares held by Mr. Crawford’s spouse and by the Gregory J. Crawford Family 2017 Children's Trust, were also transferred for US$3.65 per share. The filing notes he disclaims beneficial ownership of the trust shares despite reporting them.

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

Restricted share units were automatically transferred in exchange for cash payments equal to US$3.65 per unit, less required tax withholdings. Each RSU was described as economically equivalent to one common share, aligning employee awards with the cash consideration.

What happened to Quipt (QIPT) stock options in the arrangement?

All Quipt stock options became fully vested at closing and were then surrendered. Holders received cash equal to US$3.65 minus the option’s exercise price, if positive, less taxes. Options with exercise prices at or above US$3.65 were cancelled without payment.