SunOpta Inc. (STKL) director exits as all shares bought for $6.50
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SunOpta Inc. director Diego Reynoso reported a full exit from his equity position due to the company’s acquisition. All issued and outstanding common shares of SunOpta were acquired by Pegasus BidCo B.V.’s affiliate for $6.50 per share in cash under a court-approved plan of arrangement.
Reynoso disposed of 63,147 common shares and 20,193 restricted stock units, each RSU representing one common share. At the effective time of the transaction, his RSUs were surrendered for cash based on the same $6.50 per-share consideration, leaving him with no reported remaining common shares or RSUs.
Positive
- None.
Negative
- None.
Insights
Director’s holdings were cashed out in a change-of-control deal, not sold on the open market.
The filing shows Diego Reynoso, a director of SunOpta Inc., disposing of his equity because the company was acquired. All common shares were transferred to an acquisition vehicle for $6.50 per share in cash through a statutory plan of arrangement.
Reynoso’s 63,147 common shares and 20,193 RSUs were exchanged for cash, and he reports zero shares and RSUs afterward. This is a mechanical outcome of the buyout rather than a discretionary market trade, so its signaling value about his view of the stock is limited.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Reynoso Diego
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Unit (RSU) | 20,193 | $0.00 | -- |
| Disposition | Common Stock | 63,147 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 0 shares (Direct, null);
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- 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"). Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock. 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: 63,147 shares
RSUs surrendered: 20,193 units
Cash consideration per share: $6.50 per share
+2 more
5 metrics
Common shares disposed
63,147 shares
Transferred in acquisition on May 1, 2026
RSUs surrendered
20,193 units
RSUs exchanged for cash at effective time
Cash consideration per share
$6.50 per share
Paid for each SunOpta common share in arrangement
Disposition events
2 transactions
Both coded D as disposition to issuer/acquirer
Shares after transaction
0 shares
Total common shares following disposition
Key Terms
Disposition to issuer, Restricted Stock Unit (RSU), Arrangement Agreement, statutory plan of arrangement, +1 more
5 terms
Disposition to issuer financial
"transaction_code_description: "Disposition to issuer""
Restricted Stock Unit (RSU) financial
"security_title: "Restricted Stock Unit (RSU)""
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
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.
Consideration financial
"for consideration of $6.50 per share in cash, less applicable withholdings (the "Consideration")."
FAQ
What insider transaction did SunOpta (STKL) director Diego Reynoso report?
Diego Reynoso reported disposing of all his SunOpta equity in connection with the company’s acquisition. He transferred 63,147 common shares and surrendered 20,193 restricted stock units, each tied to one common share, in exchange for cash consideration under a court-approved arrangement.
How were Diego Reynoso’s SunOpta (STKL) restricted stock units treated?
Each restricted stock unit represented a contingent right to receive one SunOpta common share. At the effective time of the acquisition, all RSUs held by Diego Reynoso were surrendered for a cash payment equal to $6.50 for each underlying common share, subject to any required withholding.