SunOpta insider Hollis boosts stake to 579,888 shares in July 25 grant

Rhea-AI Filing Summary

SunOpta Inc. (STKL) – Form 4 insider filing dated 28 Jul 2025 reports transactions by director Richard Dean Hollis on 25 Jul 2025.

• Equity received in lieu of cash: 3,534 common shares were issued to Hollis for board service at a stated price of $6.64 per share.
• Post-transaction ownership: Hollis now directly owns 579,888 common shares.
• Derivative grant: 2,423 Restricted Stock Units (RSUs) were awarded, representing a contingent right to receive 20,193 common shares; RSUs carry no exercise price and no stated expiration.

No dispositions occurred and the filing indicates the director remains a non-executive board member. The share issuance is modest relative to Hollis’s existing stake (<1%) and was compensation-related, not an open-market purchase. Overall cash outlay by the insider is zero; nevertheless, the additional equity slightly increases insider alignment with shareholders.

Positive

• Director accepted equity in lieu of cash, marginally increasing insider alignment with shareholders.
• Post-transaction ownership of 579,888 shares demonstrates continued commitment by board member.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine board-comp grant; marginally positive signal, limited economic impact.

The additional 3,534 shares plus 2,423 RSUs expand Hollis’s direct ownership to ~580 k shares, but represent a de-minimis 0.5 % increase. Because the shares were issued instead of cash, no insider capital was deployed, tempering any bullish inference that would normally accompany an open-market buy. Still, a director choosing equity over cash modestly amplifies incentives to enhance shareholder value. No other insiders participated, and the transaction magnitude is immaterial to market float. I view it as neutral to slightly positive for sentiment.

Corporate Governance Expert

TL;DR: Equity-for-service compensation reinforces alignment, no governance concerns flagged.

Converting board fees into stock is a standard best-practice that ties director compensation to long-term performance. The RSU grant’s one-to-one settlement keeps dilution predictable. With total holdings near 0.5 % of outstanding shares, Hollis maintains meaningful skin in the game, supporting investor confidence. No red flags regarding timing, pricing, or accelerated vesting are evident. I classify impact as neutral—good governance hygiene but not a catalyst.

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^*

Hollis Richard Dean

(Last) (First) (Middle)

3404 N 141ST ST

(Street)

OMAHA NE 68164

(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)		3,534	A	$6.64	579,888	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 Richard Hollis acquire?

He received 3,534 common shares on 25 Jul 2025.

At what price were the shares issued?

The stated price was $6.64 per share.

What is Hollis’s total direct ownership after the transaction?

He now directly owns 579,888 common shares.

What are the details of the RSU grant?

Hollis was awarded 2,423 RSUs, convertible into 20,193 common shares, with no exercise price or expiration.

Was this an open-market purchase?

No. The shares were issued as compensation in lieu of cash for board service.

Does the filing indicate any share sales?

No share dispositions were reported in this Form 4.