12/23/2024 | Press release | Distributed by Public on 12/23/2024 15:06
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) |
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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Solomita Daniel 480 FERNAND POITRAS TERREBONNE, A8 J6Y1Y4 |
X | X | President and CEO |
/s/ Daniel Solomita | 12/23/2024 |
**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) | These reported transactions, which were completed solely for tax purposes, involved the reporting person's sales of an aggregate 101,278 shares of the Company's common stock which occurred over the course of two trading days. The aggregate number of shares sold represents less than 1% of the reporting person's total ownership before and after the reported transactions. |
(2) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $1.50 to $1.65 per share inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. |
(3) | Weighted average price. These shares were sold in multiple transactions at prices ranging from $1.55 to $1.60 per share inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. |
(4) | Shares held through 10036552 Canada Inc., a Canadian corporation that is wholly-owned by Daniel Solomita, pursuant to an exchange agreement, dated May 31, 2017. |
(5) | Shares underlying restricted stock units approved by the Board and were issued following the 2019 annual general meeting of shareholders of the Issuer, following the shareholders' approval of an increase in the number of shares of common stock reserved under the equity incentive plan. On October 15 of 2019, 2020, and 2021, each, 200,000 restricted stock units were settled. The settled shares, after deducting the sold shares described in Footnote (1), are shown in the second row of Column 5 above. |