[Form 4] SunOpta, Inc. Insider Trading Activity

Rhea-AI Filing Summary

SunOpta Inc. (STKL) filed a Form 4 reporting that director Diego Reynoso received additional equity on 07/25/2025 as part of his board compensation. He was issued 3,535 common shares in lieu of cash at an assigned price of $6.64, increasing his directly held stake to 51,532 shares. No shares were sold.

The filing also discloses a grant of 20,193 Restricted Stock Units (RSUs). Each RSU converts into one common share, carries no exercise price and has no stated expiration date. After these transactions Reynoso holds 51,532 common shares plus 20,193 RSUs, all recorded as direct ownership.

• Transaction code: A (award)
• Total equity added: 23,728 shares/units
• Purpose: Board service remuneration
• Cash outflow: None – shares/RSUs granted by issuer

Positive

• Director received 3,535 common shares, increasing direct ownership to 51,532 shares.
• 20,193 RSUs granted, enhancing long-term alignment of incentives with shareholders.

Negative

• Transaction size is modest relative to SunOpta’s share count, limiting market impact.
• Equity was granted, not purchased on the open market, so it may carry less signaling value.

Insights

Securities Analyst

TL;DR: Routine board-fee stock grant; modest size, modestly positive alignment, immaterial to valuation.

The grant adds roughly US$24k in common stock value and ~20k RSUs, a typical compensation structure. It slightly deepens insider ownership but is too small to affect float or signal meaningful conviction. No open-market buying occurred, keeping impact neutral from a market-liquidity view.

Corporate Governance Specialist

TL;DR: Equity-based board pay strengthens alignment; governance friendly, low financial impact.

Compensating directors with stock rather than cash ties remuneration to long-term performance and reduces cash outlay. Grant structure (RSUs plus immediate shares) conforms to prevailing governance best practices. The absence of sales maintains a positive insider-ownership trend, albeit at a modest scale.

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
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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^*

Reynoso Diego

(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)		3,535	A	$6.64	51,532	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.
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FAQ

How many SunOpta (STKL) shares did director Diego Reynoso acquire?

He received 3,535 common shares on 07/25/2025.

What was the price assigned to the acquired shares?

The shares were valued at $6.64 each.

How many Restricted Stock Units were granted to the director?

Reynoso was granted 20,193 RSUs, each convertible into one common share.

What is Diego Reynoso’s total direct ownership after the transaction?

He now beneficially owns 51,532 common shares plus 20,193 RSUs.

Do the RSUs have an expiration date?

No, the filing states that the RSUs do not have an expiration date.