Roehrig Thomas 4
4 · Quipt Home Medical Corp. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Quipt (QIPT) Chief Accounting Officer Thomas Roehrig Sells Shares
What Happened
- Thomas Roehrig, Chief Accounting Officer of Quipt Home Medical Corp. (QIPT), disposed of 173,000 common shares to the issuer on March 16, 2026 at $3.65 per share, receiving $631,450. The Form 4 also reports dispositions of 50,000, 50,000 and 30,000 additional derivative units (130,000 total) on the same date; these are recorded as derivative dispositions and show N/A for price/value on the filing.
- These transactions were part of a plan of arrangement that closed on March 16, 2026: Purchaser paid US$3.65 per common share. Under the arrangement, outstanding RSUs were cashed out at $3.65 per unit, and outstanding options were deemed vested and surrendered for a cash payment equal to the excess, if any, of $3.65 over the option strike (options with strike ≥ $3.65 were cancelled for no consideration).
Key Details
- Transaction date: March 16, 2026; Filing date: March 16, 2026 (appears timely).
- Reported sale: 173,000 common shares at $3.65 — proceeds reported $631,450.
- Additional reported dispositions: 50,000 + 50,000 + 30,000 derivative units (total 130,000); filing lists these as derivative dispositions with price/value N/A on the Form 4.
- Footnotes: F1 describes the change-of-control arrangement at $3.65/share; F2 confirms RSUs were cashed out at $3.65 each (less tax withholding); F3 explains options were vested and surrendered for cash equal to the excess of $3.65 over strike (or cancelled if strike ≥ $3.65).
- Shares owned after the transactions: not specified in the excerpt provided.
Context
- This was not an open-market sale but a disposition to the issuer under a change-of-control/cash-out arrangement — effectively a company buyout paying $3.65 per share for equity and certain equity awards. Derivative entries reflect RSUs and/or option settlements under the deal, not a voluntary market sale by the insider. Tax withholding may reduce net proceeds for RSUs/options.
Insider Transaction Report
Form 4Exit
Roehrig Thomas
Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Shares
[F1][F2]2026-03-16$3.65/sh−173,000$631,450→ 0 total - Disposition to Issuer
Stock Options (Right to Buy)
[F3]2026-03-16−50,000→ 0 totalExercise: $2.45→ Common Shares (75,000 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
[F3]2026-03-16−50,000→ 0 totalExercise: $6.27→ Common Shares (75,000 underlying) - Disposition to Issuer
Stock Options (Right to Buy)
[F3]2026-03-16−30,000→ 0 totalExercise: $6.14→ Common Shares (75,000 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]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, be 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/ Thomas Roehrig|2026-03-16