Quipt Home Medical (QIPT) director reports cash-out in $3.65 per share buyout
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Greenberg Mark Alan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (Right to Buy) | 428,750 | $0.00 | -- |
| Disposition | Stock Option (Right to Buy) | 60,000 | $0.00 | -- |
| Disposition | Common Shares | 435,457 | $3.65 | $1.59M |
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 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. 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. 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.
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.
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.