Quipt Home Medical (QIPT) director reports cash-out in $3.65 per share buyout

Rhea-AI Filing Summary

Quipt Home Medical Corp. director Mark Alan Greenberg reported disposing of his equity position in connection with the company’s plan of arrangement. On March 16, 2026, he transferred 435,457 common shares at $3.65 per share to the purchaser and surrendered stock options for 488,750 common shares back to the issuer. Under the arrangement terms, all Quipt common shares were acquired for $3.65 in cash, certain restricted share units totaling 92,862 were forfeited, and options with exercise prices at or above $3.65 were cancelled without consideration.

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^*

Greenberg Mark Alan

(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
	Officer (give title below)		Other (specify below)

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		435,457(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)	$1.11	03/16/2026		D			428,750	(3)	(3)	Common Shares	428,750	(3)	0	D
Stock Option (Right to Buy)	$6.27	03/16/2026		D			60,000	(3)	(3)	Common Shares	60,000	(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 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. Pursuant to a forfeiture agreement entered into by Issuer and Mr. Greenberg, 92,862 restricted share units ("RSUs") were forfeited immediately prior to the Effective Time and terminated in connection with the Arrangement Agreement. 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, 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/ Mark Alan Greenberg	03/16/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Quipt Home Medical (QIPT) report for Mark Alan Greenberg?

Quipt reported that director Mark Alan Greenberg disposed of his entire reported equity position. He transferred 435,457 common shares at $3.65 per share and surrendered stock options covering 488,750 common shares back to the issuer under a plan of arrangement.

At what price were Quipt Home Medical (QIPT) shares acquired in the arrangement?

Each Quipt common share, other than those held by dissenting shareholders, was acquired for a cash payment of $3.65 per share, without interest. This price applied under a court-supervised plan of arrangement pursuant to the Business Corporations Act of British Columbia.

How were Mark Alan Greenberg’s stock options in Quipt Home Medical (QIPT) treated?

All outstanding options became unconditionally vested and exercisable, then were deemed surrendered to the issuer. Holders receive cash equal to $3.65 minus the option’s exercise price, less taxes, while options with exercise prices at or above $3.65 are cancelled with no cash consideration.

What happened to restricted share units (RSUs) in the Quipt Home Medical (QIPT) transaction?

Under a forfeiture agreement tied to the arrangement, 92,862 restricted share units held by Mark Alan Greenberg were forfeited immediately before the effective time. Each RSU was economically equivalent to one common share and was terminated in connection with closing of the transaction.

Who acquired Quipt Home Medical (QIPT) shares under the plan of arrangement?

All issued and outstanding Quipt common shares were acquired by 1567208 B.C. LTD and REM Aggregator, LLC. These purchasers bought the shares under a Business Corporations Act (British Columbia) plan of arrangement, paying $3.65 in cash per share, excluding properly dissenting shareholders.