[Form 4] SunOpta, Inc. Insider Trading Activity

Rhea-AI Filing Summary

SunOpta Inc. (STKL) Form 4 – Director share acquisition

On 07/25/2025, director Rebecca Fisher received additional equity compensation:

• Common shares: 1,916 shares acquired at a deemed price of $6.64 per share (transaction code A). Post-transaction direct ownership rises to 137,999 shares.
• Restricted Stock Units (RSUs): 2,423 RSUs awarded; total RSUs now 20,193. Each RSU converts 1-for-1 into common stock; the units have no expiration date.

The filing notes that the common shares were issued in lieu of cash compensation for board service, signalling an increased equity stake and alignment with shareholders. No dispositions were reported, and the director remains classified as an insider-director only.

Positive

• Director increased direct ownership to 137,999 shares, reinforcing alignment with shareholders.
• Equity taken in lieu of cash suggests confidence in SunOpta’s prospects.

Negative

• None.

Insights

Equity Compensation Analyst

TL;DR – Routine equity grant; modestly positive insider signal.

The transaction is a standard board compensation event rather than an opportunistic open-market purchase. Still, taking shares instead of cash marginally tightens director–investor alignment. The absolute value (~$12.7 k in stock, ~$16.1 k in RSUs) is immaterial to SunOpta’s capital structure, so market impact should be limited. No negative governance flags emerge.

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Fisher Rebecca

(Last) (First) (Middle)

7078 SHADY OAK ROAD

(Street)

EDEN PRAIRIE MN 55344

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SunOpta Inc. [ STKL ]

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)
07/25/2025

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	07/25/2025		A(1)		1,916	A	$6.64	137,999	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
Restricted Stock Units	(2)	07/25/2025		A		2,423		05/29/2026	(3)	Common Shares	20,193	$0.00	20,193	D

Explanation of Responses:

1. The shares were issued in lieu of cash to the reporting person for service on the board of directors.

2. Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock.

3. The Restricted Stock Units do not have an expiration date.

	/s/ Brett Koch, attorney in fact	07/28/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many SunOpta (STKL) shares did Director Rebecca Fisher acquire?

She acquired 1,916 common shares on 07/25/2025.

What is the total shareholding of the director after the transaction?

Direct ownership increased to 137,999 common shares.

Were any shares sold or disposed of in this Form 4?

No. All reported transactions were acquisitions; no dispositions were made.

What are the terms of the 2,423 RSUs granted?

Each RSU converts into one common share; they carry no expiration date.

Why were shares issued instead of cash?

The filing states the stock was issued in lieu of cash compensation for board service.