Gamble Patrick Dennis 4

What Happened

• Gamble Patrick Dennis, Executive Vice President — Operations of Quipt Home Medical Corp. (QIPT), had 60,057 common shares disposed of to the issuer at $3.65 per share for a total of $219,208 on March 16, 2026. The filing also shows an additional disposition of 15,000 derivative units (marked as “Derivative”) with no per-share price listed.
• These dispositions were not open-market sales but cash payments as part of a corporate acquisition/plan of arrangement in which the purchaser paid US$3.65 per share. Restricted share units (RSUs) and in-the-money options were similarly cashed out or settled under the arrangement.

Key Details

• Transaction date: 2026-03-16. Price for common shares: $3.65; total cash received for 60,057 shares: $219,208.
• Additional disposition: 15,000 derivative units (price N/A in filing). Footnotes state RSUs were converted to the right to receive $3.65 per share (less tax withholdings) and options were settled for the excess of $3.65 over exercise price (options with exercise price ≥ $3.65 were cancelled).
• Transaction type: Disposition to issuer under an arrangement (code D) — i.e., cash-out in a merger/arrangement, not an open-market sale.
• Shares owned after the transaction: not specified in the supplied filing excerpt.
• Timeliness: Reported with period and filing date of 2026-03-16 — appears timely (no late filing indicated).

Context

• This is a cash-out tied to an acquisition/arrangement (1567208 B.C. LTD and REM Aggregator, LLC acquired all shares under the arrangement). Such dispositions reflect transaction mechanics of the deal (merger consideration and settlement of RSUs/options) rather than a discretionary insider sale on market—so they aren’t a straightforward sentiment signal.
• For derivatives: the filing’s footnotes explain RSUs and options were automatically settled under the arrangement; options in-the-money received cash equal to the spread, others were cancelled.