SunOpta director exits stake in $6.50-per-share deal
SunOpta Inc. director Hollis Richard Dean reported disposing of his equity as part of the company’s acquisition.
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Form Type
4
Rhea-AI Filing Summary
SunOpta Inc. director Hollis Richard Dean reported disposing of his equity as part of the company’s acquisition. Under an Arrangement Agreement among SunOpta, Pegasus BidCo B.V. and 2786694 Alberta Ltd., all issued and outstanding common shares were acquired for $6.50 per share in cash, less withholdings.
Dean’s 589,862 common shares were transferred to the purchaser, and his 20,193 restricted stock units were surrendered at the effective time of the arrangement. Each RSU was exchanged for a cash payment equal to the same per-share consideration as the underlying common stock, subject to applicable withholding.
Insider Trade Summary
Disposition: 610,055 shares
Disposition
2 txns
Insider
Hollis Richard Dean
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Unit (RSU) | 20,193 | $0.00 | $0.00 |
| Disposition | Common Stock | 589,862 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 0 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (3)
- F1. Pursuant to the Arrangement Agreement (the "Arrangement Agreement"), dated as of February 6, 2026, by and among SunOpta Inc. ("SunOpta"), Pegasus BidCo B.V. ("Parent") and 2786694 Alberta Ltd. ("Purchaser"), Purchaser acquired all of SunOpta's issued and outstanding common shares in the capital of SunOpta (the "Common Shares") by way of a court-approved statutory plan of arrangement under Section 192 of the Canada Business Corporations Act (the "Arrangement"). At the effective time of the Arrangement (the "Effective Time"), each of SunOpta's issued and outstanding Common Shares were transferred to Purchaser for consideration of $6.50 per share in cash, less applicable withholdings (the "Consideration").
- F2. Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.
- F3. At the Effective Time, each restricted stock unit ("RSU") held by the reporting person was surrendered in exchange for, subject to any withholding, a cash payment equal to the Consideration in respect of each Common Share underlying such RSU.
Key Figures
Common shares disposed: 589,862 shares
RSUs surrendered: 20,193 RSUs
Cash consideration per share: $6.50 per share
+2 more
5 metrics
Common shares disposed
589,862 shares
Transferred at effective time of arrangement
RSUs surrendered
20,193 RSUs
Exchanged for cash at effective time
Cash consideration per share
$6.50 per share
Acquisition price for each common share
Common shares after transaction
0 shares
Total common stock holdings after disposition
RSUs after transaction
0 RSUs
Restricted stock unit balance after surrender
Key Terms
Arrangement Agreement, statutory plan of arrangement, Canada Business Corporations Act, Restricted Stock Unit, +1 more
5 terms
Arrangement Agreement regulatory
"Pursuant to the Arrangement Agreement (the "Arrangement Agreement"), dated as of February 6, 2026..."
An arrangement agreement is a legally binding plan that sets out the detailed terms and steps for a major corporate action—such as a merger, takeover, restructuring, or sale—and the approvals needed from shareholders, creditors and sometimes a court. It matters to investors because it determines who will own the company, how much they will receive, the timing and conditions for the deal to close, and the likelihood the transaction will actually happen; think of it as the project blueprint and checklist for a big corporate change.
statutory plan of arrangement regulatory
"...by way of a court-approved statutory plan of arrangement under Section 192..."
A statutory plan of arrangement is a formal, court‑approved legal process companies use to reorganize, merge, buy or change the rights of shareholders and creditors. Think of it like a referee‑backed roadmap that stakeholders vote on and a judge signs off so the deal can bind everyone, even those who disagree; investors care because it can change ownership, share value, voting rights and timelines for receiving cash or new securities.
Canada Business Corporations Act regulatory
"...under Section 192 of the Canada Business Corporations Act (the "Arrangement")."
A federal Canadian law that sets the rules for forming, running and dissolving corporations incorporated under federal jurisdiction. It covers basic things like how boards and shareholders make decisions, what records must be kept, and rules for mergers and share transfers. Investors care because it defines their legal rights, how companies are governed and how corporate actions (like takeovers or dividend changes) are approved—think of it as the rulebook that shapes how their ownership is protected and how value is created or changed.
Restricted Stock Unit financial
"Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Effective Time regulatory
"At the Effective Time, each restricted stock unit ("RSU") held by the reporting person..."
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the SunOpta (STKL) Form 4 filing report for Hollis Richard Dean?
The Form 4 reports that director Hollis Richard Dean disposed of his SunOpta equity in connection with the company’s acquisition. His common shares were transferred, and his restricted stock units were surrendered for cash consideration at the agreed transaction price per share.
What happened to Hollis Richard Dean’s SunOpta (STKL) restricted stock units?
Dean’s 20,193 restricted stock units were surrendered at the effective time of the arrangement. Each RSU was exchanged for a cash payment equal to the $6.50 per-share consideration for each underlying common share, subject to any applicable tax withholding requirements.
What is the Arrangement Agreement mentioned in the SunOpta (STKL) Form 4?
The Arrangement Agreement is a February 6, 2026 contract among SunOpta, Pegasus BidCo B.V. and 2786694 Alberta Ltd. It provides that the purchaser acquires all issued and outstanding SunOpta common shares via a court-approved statutory plan of arrangement under Canadian corporate law.
AI-generated analysis. How Rhea-AI works. Not financial advice.
