[Form 4] SunOpta, Inc. Insider Trading Activity

Rhea-AI Filing Summary

InvenTrust Properties Corp. (IVT) – Form 4 filed 28 Jul 2025

SVP & Chief Accounting Officer David Bryson disclosed two 25 Jul 2025 transactions:

• Acquisition: 750 common shares via the Employee Stock Purchase Plan at $0 cost (code “A”).
• Disposition: 28 shares surrendered to cover tax withholding at $27.21 per share (code “D”).

Net effect is an increase of 722 shares, raising Bryson’s direct ownership to 10,477 shares. No derivative positions were reported. Given the modest ~$20 k value and ESPP context, this appears to be routine, compensation-related activity with limited market impact.

Positive

• Insider ownership rises by 722 shares, signaling continued engagement with equity incentives.

Negative

• Transaction size is immaterial, limiting usefulness as a directional market signal.

Insights

Financial Analyst

TL;DR: Modest insider net purchase (+722 shares); routine ESPP activity—signal strength low.

The filing shows Bryson enlarging his stake by 722 shares, roughly 0.002 % of IVT’s 43 m share count. Because the acquisition occurred through the ESPP at no cash outlay, it is largely administrative rather than a discretionary open-market buy. The small dollar value and simultaneous share surrender for taxes further diminish signal quality. I view the event as neutral for valuation or sentiment.

Corporate Governance Specialist

TL;DR: Standard compliance filing; indicates continued insider participation in equity programs.

The CAO’s ongoing participation in the ESPP supports alignment with shareholders, yet the immaterial size keeps governance impact minimal. No red flags such as large disposals or complex derivatives appear. Overall, the disclosure is routine and not impactful to governance risk assessments.

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
hours per response:			0.5

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^*

Lemmon David J

(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)		1,291	A	$6.64	3,902	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	34,216	$0.00	34,216	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.
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FAQ

How many IVT shares did David Bryson acquire?

He acquired 750 shares through the Employee Stock Purchase Plan.

What is Bryson's total IVT shareholding after the transactions?

His direct ownership stands at 10,477 common shares.

Why were 28 shares disposed of?

The shares were surrendered to satisfy tax-withholding obligations.

Did the Form 4 include any derivative securities?

No, no derivative positions were reported.

What is the likely market impact of this Form 4 filing?

Given the small dollar value and ESPP context, the impact is neutral to negligible.