Focus Impact Sponsor, LLC 4

What Happened

• Focus Impact Sponsor, LLC (identified as a 10% owner) converted a secured convertible promissory note into 3,556,839 common shares of DevvStream. The Form 4 reports the conversion at $0.90 per share (total value about $3,210,403). A footnote clarifies the conversion price under the Conversion Agreement was $0.9026 per share and the original note principal was $3,000,000 (5.30% secured convertible note dated Nov 13, 2024).
• The filing records both the acquisition of the common shares and the simultaneous disposition of the derivative security (the convertible note/derivative ceased to exist on conversion). This is effectively a debt-to-equity conversion (not an open-market buy or sale).

Key Details

• Transaction date: 2026-03-13; reported price: $0.90 per share (Form 4) / $0.9026 per footnote; total reported value ≈ $3,210,403.
• Shares issued/received: 3,556,839 common shares via conversion; derivative security converted/disposed in the same transaction.
• Footnote: The conversion stems from a $3,000,000 secured convertible note (5.30% interest) dated 11/13/2024; converted under a Conversion Agreement into the stated share amount.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Filing timing: Form 4 filed 2026-03-20 for a 2026-03-13 transaction (appears to be filed after the typical 2-business-day window).

Context

• This is an institutional 10% owner converting debt to equity rather than a manager/executive buying or selling shares; such conversions are often balance-sheet or financing actions rather than direct market sentiment signals. The derivative disposition line shows the convertible instrument was exchanged for common stock. The filing’s later date could affect timely disclosure expectations but does not by itself indicate improper trading.