[Form 4] SunOpta, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 snapshot (filed 07/14/2025) for SunOpta Inc. (STKL):

• Reporting insider: Lauren McNamara, SVP Business Management.
• Event date: 07/10/2025.
• RSU conversions (Code M): 1,669 + 679 = 2,348 common shares acquired at $0 exercise cost.
• Share withholding for taxes (Code F): 762 + 310 = 1,072 shares disposed at $6.48 per share to cover statutory withholding.
• Net change: +1,276 shares.
• Ending beneficial ownership: 115,418 common shares held directly.
• Derivative balance: 1,669 & 679 unvested RSUs remain; units vest in three equal annual tranches that began 07/10/2024 and carry no expiration.

No other equity classes, options, or cash transactions were disclosed. Activity appears routine and linked to scheduled RSU vesting rather than open-market trading.

Insights

Securities Analyst

TL;DR: Routine RSU vesting; negligible market impact.

The filing shows standard settlement of employee RSUs with shares withheld for taxes. Net insider ownership rose to 115,418 shares, a modest increase that neither signals strategic buying nor selling pressure. Because the insider did not sell in the open market—and only used automatic withholding—the transaction is generally considered neutral for valuation. No new information on operations, guidance, or strategic initiatives is provided, so the disclosure is not materially impactful to SunOpta’s investment thesis.

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McNamara Lauren

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Business Management

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

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	07/10/2025		M		1,669	A	(1)	115,697(2)	D
Common Shares	07/10/2025		F		762(3)	D	$6.48	115,049	D
Common Shares	07/10/2025		M		679	A	(1)	115,728	D
Common Shares	07/10/2025		F		310(3)	D	$6.48	115,418	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	(1)	07/10/2025		M			1,669	(4)	(5)	Common Shares	1,669	$0.00	1,669	D
Restricted Stock Units	(1)	07/10/2025		M			679	(4)	(5)	Common Shares	679	$0.00	679	D

Explanation of Responses:

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

2. Includes 750 shares acquired under the STKL stock purchase plan in May 2025.

3. This line item reflects the deemed disposition of shares withheld by the Company to satisfy income tax withholding requirements in connection with the vesting of the RSUs.

4. The Restricted Stock Units vest in three annual installments beginning on July 10, 2024, subject to the continued employment of the reporting person through each such vesting date.

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

	/s/ Brett Koch, attorney-in-fact	07/14/2025
	** 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 Lauren McNamara acquire on 07/10/2025?

2,348 shares were acquired through the conversion of vested Restricted Stock Units (RSUs).

How many shares were disposed to cover taxes and at what price?

1,072 shares were withheld and disposed at $6.48 per share for statutory tax withholding.

What is Lauren McNamara’s total direct ownership after the transactions?

She now directly owns 115,418 common shares of SunOpta.

Do the Restricted Stock Units disclosed have an expiration date?

No. The RSUs do not carry an expiration date; they vest in three annual installments beginning 07/10/2024.

Is this Form 4 considered a signal of insider buying or selling?

The activity is routine vesting; there was no discretionary open-market purchase or sale, so it is generally viewed as neutral.