SunOpta Inc. (STKL) received an updated beneficial ownership report from investor Leon G. Cooperman. The filing states that Mr. Cooperman may be deemed to beneficially own 9,053,300 common shares, representing 7.7% of SunOpta’s outstanding common shares.
This percentage is based on 118,216,917 common shares outstanding as of October 31, 2025, as reported by the company. The filing also certifies that the shares were not acquired and are not held for the purpose of changing or influencing control of SunOpta.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
SunOpta Inc.
(Name of Issuer)
Common Shares, no par value
(Title of Class of Securities)
8676EP108
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
8676EP108
1
Names of Reporting Persons
Cooperman Leon G.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
9,053,300.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
9,053,300.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
9,053,300.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.7 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
SunOpta Inc.
(b)
Address of issuer's principal executive offices:
7087 Shady Oak Road, Eden Prairie, Minnesota, 55344
Item 2.
(a)
Name of person filing:
This statement is filed on behalf of Leon G. Cooperman ("Mr. Cooperman"). Mr. Cooperman is engaged in, among other activities, investing for his own account.
Mr. Cooperman is the Managing Member of Omega Associates, L.L.C. ("Associates"), a limited liability company organized under the laws of the State of Delaware. Associates is a private investment firm formed to invest in and act as general partner of investment partnerships or similar investment vehicles. Associates is the general partner of a limited partnership organized under the laws of Delaware known as Omega Capital Partners, L.P. ("Capital LP"), a private investment firm comprised of Cooperman family funds engaged in the purchase and sale of securities for investment for its own account.
(b)
Address or principal business office or, if none, residence:
Mr. Cooperman's principal business office address is St. Andrews Country Club, 7118 Melrose Castle Lane, Boca Raton, FL 33496.
(c)
Citizenship:
Mr. Cooperman is a United States citizen.
(d)
Title of class of securities:
Common Shares, no par value
(e)
CUSIP No.:
8676EP108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. Mr. Cooperman may be deemed the beneficial owner of 9,053,300 Common Shares held directly by Capital L.P., which constitute approximately 7.7% of the total number of Common Shares outstanding, calculated based on 118,216,917 Common Shares outstanding as of October 31, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 5, 2025.
(b)
Percent of class:
7.7%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
9,053,300
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
9,053,300
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Cooperman Leon G.
Signature:
/s/ Edward Levy
Name/Title:
Edward Levy, Attorney-in-Fact
Date:
02/17/2026
Comments accompanying signature: Duly authorized under POA effective as of August 10, 2016 and filed on August 12, 2016.
What stake in SunOpta Inc. (STKL) does Leon G. Cooperman report?
Leon G. Cooperman reports beneficial ownership of 9,053,300 SunOpta common shares, representing 7.7% of the company’s outstanding common shares. This ownership is reported on a Schedule 13G/A filed as of an event date of December 31, 2025.
How was Leon G. Cooperman’s 7.7% ownership in SunOpta (STKL) calculated?
The reported 7.7% ownership is based on 118,216,917 SunOpta common shares outstanding as of October 31, 2025. That outstanding share figure comes from SunOpta’s Form 10-Q, and Cooperman’s 9,053,300 shares are measured against that total.
Does Leon G. Cooperman claim control intent over SunOpta Inc. (STKL)?
The filing explicitly states the securities were not acquired and are not held for the purpose of changing or influencing control of SunOpta. It further notes they are not held in connection with any transaction having that control-related purpose or effect.
Who signed the SunOpta (STKL) Schedule 13G/A filed for Leon G. Cooperman?
The Schedule 13G/A was signed by Edward Levy as Attorney-in-Fact for Leon G. Cooperman. The comments explain he is duly authorized under a power of attorney effective August 10, 2016, which was filed on August 12, 2016.
What class of securities in SunOpta (STKL) does this Schedule 13G/A cover?
The filing covers SunOpta Inc. common shares, no par value, identified by CUSIP 8676EP108. The reported holdings and percentage ownership all relate specifically to this class of common equity securities issued by SunOpta.
Where are SunOpta Inc.’s (STKL) principal executive offices located?
SunOpta’s principal executive offices are located at 7087 Shady Oak Road, Eden Prairie, Minnesota 55344. This address is listed in the ownership filing describing Leon G. Cooperman’s beneficial stake in the company’s common shares.