Miles Mark Alan 4
4 · Quipt Home Medical Corp. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Quipt (QIPT) CCO Mark A. Miles Sells 110,000 Shares
What Happened
- Mark A. Miles, Chief Compliance Officer of Quipt Home Medical Corp. (QIPT), disposed of 110,000 common shares on March 16, 2026 at $3.65 per share for proceeds of $401,500. In the same transaction date he also had additional derivative interests (RSUs and/or options) surrendered/cashed out (12,500; 30,000; and 15,000 units reported as derivative dispositions).
- These dispositions were not open-market sales but part of a corporate arrangement in which the company was acquired and all shares/awards were converted into a cash payment of US$3.65 per share (subject to tax withholding) paid by the acquirers.
Key Details
- Transaction date: 2026-03-16; Filing date/Period of Report: 2026-03-16 (timely filing).
- Reported sale: 110,000 shares at $3.65/share = $401,500.
- Reported derivative dispositions: 12,500; 30,000; 15,000 units (prices shown as N/A in the Form 4 because these were RSU/option cash-outs under the arrangement).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: (1) Company was acquired under a plan of arrangement; each share (except dissenting shareholders) was converted into the right to receive US$3.65 in cash. (2) RSUs were treated as the economic equivalent of shares and cashed out at $3.65 less tax withholdings. (3) Options were deemed vested, then surrendered for cash equal to the excess of $3.65 over the option strike (options with strike ≥ $3.65 were cancelled for no consideration).
Context
- This is a change-of-control cash-out (disposition to the issuer/arranger), not a routine open-market sale; proceeds reflect the takeover price of $3.65 per share.
- For derivative items: RSUs were converted into cash at the deal price; options were effectively exercised/settled for cash equal to the deal price minus strike where in-the-money.
- Such transaction filings reflect the mechanics of the acquisition and do not, by themselves, indicate the insider’s ongoing market view.
Insider Transaction Report
Form 4Exit
Miles Mark Alan
Chief Compliance Officer
Transactions
- Disposition to Issuer
Common Shares
[F1][F2]2026-03-16$3.65/sh−110,000$401,500→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
[F3]2026-03-16−12,500→ 0 totalExercise: $1.11→ Common Shares (12,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
[F3]2026-03-16−30,000→ 0 totalExercise: $6.27→ Common Shares (30,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
[F3]2026-03-16−15,000→ 0 totalExercise: $6.14→ Common Shares (15,000 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 may 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]The Shares include restricted share units ("RSUs"), which RSUs outstanding immediately prior to the Effective Time (whether vested or unvested) were, without any further action by or on behalf of the holder of any such RSU, deemed to be transferred by such holder to Issuer in consideration for the right to receive a cash payment from Issuer in the amount equal to US$3.65, less any amounts Issuer is required to withhold for taxes, without interest. 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 will, 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 Miles|2026-03-16