07/31/2026 | Press release | Distributed by Public on 07/31/2026 19:23
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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 control number. | SEC 1474 (9-02) | ||
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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (1) | 07/31/2023 | M | 133,333 | (2) | (2) | Common Stock | 133,333 | $ 0 | 301,098 | D | ||||
| Restricted Stock Units | (1) | 07/31/2023 | M | 78,488 | (4) | (4) | Common Stock | 78,488 | $ 0 | 222,610 | D | ||||
| Restricted Stock Units | (1) | 07/31/2023 | M | 48,040 | (4) | (4) | Common Stock | 48,040 | $ 0 | 174,570 | D | ||||
| Restricted Stock Units | (1) | 07/31/2023 | A(5) | 397,692 | (6) | (6) | Common Stock | 397,692 | $ 0 | 572,262 | D | ||||
| Performance Based Restricted Stock Units | (7) | 07/31/2023 | A(5) | 421,795 | (8) | (8) | Common Stock | 421,795 | $ 0 | 898,597 | D | ||||
| Performance Stock Options | $3.98 | 07/31/2023 | A(5) | 114,915 | (9) | 07/31/2033 | Common Stock | 114,915 | $ 0 | 964,915 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Adnani Amir SUITE 1830 1188 WEST GEORGIA ST. VANCOUVER V6E4A2 |
X | President and CEO | ||
| /s/ Amir Adnani | 07/31/2026 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. |
| (2) | This award has vested as to one-half of the Restricted Stock Units on the first anniversary of the grant date, with the remainder of the Restricted Stock Units to vest in equal installments on the first, second and third anniversary of the grant date. |
| (3) | Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award. |
| (4) | This award has vested as to one-third of the Restricted Stock Units on the first, second and third anniversary of the grant date. |
| (5) | Granted pursuant to and in accordance with the Issuer's 2023 Stock Incentive Plan. |
| (6) | The Restricted Stock Units vest in three equal annual installments beginning July 31, 2024. Vested shares will be delivered to the reporting person no later than August 30th of each year. |
| (7) | Each Performance Based Restricted Stock Unit represents a contingent right to receive one share of common stock. |
| (8) | The Performance Based Restricted Stock Units vest 100% on July 31, 2026. Vested shares will be delivered to the reporting person no later than August 30th, 2026. |
| (9) | Performance Options vest over 36-month period (33.33% 12, 24 and 36 months from the date of grant). |