Greenberg Mark Alan 4
4 · Quipt Home Medical Corp. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Quipt (QIPT) Director Mark Alan Greenberg Sells 435,457 Shares
What Happened
- Mark Alan Greenberg, a director of Quipt Home Medical Corp. (QIPT), disposed of 435,457 common shares to the issuer at $3.65 per share for proceeds of $1,589,418 on March 16, 2026.
- The Form 4 also reports dispositions of 428,750 and 60,000 shares as derivative security transactions (no per-share price listed on the report). Footnotes explain these derivative holdings (options and RSUs) were settled or forfeited as part of a corporate arrangement.
Key Details
- Transaction date: 2026-03-16; cash consideration for common shares: $3.65/share.
- Reported cash proceeds (for the 435,457 shares): $1,589,418.
- Derivative items: 428,750 and 60,000 shares reported as disposed (derivative); footnote F2 states 92,862 RSUs were forfeited immediately prior to the effective time.
- Footnote F1: Purchasers acquired all outstanding shares under a court-approved plan of arrangement; each non-dissenting share converted into the right to receive US$3.65 in cash.
- Footnote F3: Outstanding options were deemed vested and surrendered for cash equal to the excess of $3.65 over the option exercise price (options with exercise price ≥ $3.65 were cancelled for no consideration).
- Shares owned after the transaction: not specified in the filing.
- Filing date/Period of Report: 2026-03-16 (same day as the transaction), indicating a timely filing.
Context
- These dispositions were part of a corporate buyout/arrangement that cash‑settled shareholders and certain equity awards at $3.65/share — not open‑market trading.
- Derivative transactions reflect cash settlements of options and forfeiture/termination of RSUs per the arrangement; such settlements are administrative results of the deal rather than routine insider market trades.
Insider Transaction Report
Form 4Exit
Greenberg Mark Alan
Director
Transactions
- Disposition to Issuer
Common Shares
[F1][F2]2026-03-16$3.65/sh−435,457$1,589,418→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
[F3]2026-03-16−428,750→ 0 totalExercise: $1.11→ Common Shares (428,750 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
[F3]2026-03-16−60,000→ 0 totalExercise: $6.27→ Common Shares (60,000 underlying)
Footnotes (3)
- [F1]On March 16, 2026, 1567208 B.C. LTD, a company existing under the laws of British Columbia ("B.C. Purchaser"), and REM Aggregator, LLC, a Delaware limited liability company (individually, "REM Aggregator", and collectively with B.C. Purchaser ("Purchaser" or "Purchasers") acquired all of the issued and outstanding common shares (the "Shares") of Issuer under a plan of arrangement (the "Arrangement Agreement") pursuant to the Business Corporations Act (British Columbia) (the "BCBCA"). At the Effective Time (the "Effective Time") of the Arrangement Agreement each Share, other than any Shares held by shareholders who properly exercised dissent rights under the BCBCA ("Dissenting Shareholders"), were deemed to be transferred to Purchaser in consideration for the right to receive a cash payment from the Purchaser in the amount equal to US$3.65, without interest.
- [F2]Pursuant to a forfeiture agreement entered into by Issuer and Mr. Greenberg, 92,862 restricted share units ("RSUs") were forfeited immediately prior to the Effective Time and terminated in connection with the Arrangement Agreement. Each RSU is the economic equivalent of one Share.
- [F3]Pursuant to the terms of the Arrangement Agreement, immediately following the Effective Time, each option exercisable to acquire one or more Shares from the Issuer (an "Option"), outstanding immediately prior to the Effective Time (whether vested or unvested) were deemed to be unconditionally vested and exercisable and, without any further action by or on behalf of a holder of the Option, deemed to be surrendered and transferred by such holder to the Issuer in consideration for the right to receive a cash payment from the Issuer in an amount equal to the excess, if any, of US$3.65 over the exercise price of such option, less any amounts the Issuer is required to withhold for taxes, without interest. Any option for which the exercise price is equal to or greater than US$3.65 will be cancelled for no consideration.
Signature
/s/ Mark Alan Greenberg|2026-03-16