08/24/2026 | Press release | Distributed by Public on 08/24/2026 16:21
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Common Shares | (1) | 08/20/2026 | A | 30,000(2) | (1) | 08/20/2033 | Common Shares | 30,000(2) | $ 0 | 30,000(2) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Sundher Ranjeet SUITE 1500 1055 WEST GEORGIA STREET VANCOUVER V6E 4N7 |
X | Chief Executive Officer | ||
| /s/ Ranjeet Sundher | 08/24/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents an award of performance stock units ("PRSUs"). Each PRSU represents a contingent right to receive one common share of the Issuer (each, a "Common Share") upon the earlier of (i) the achievement of certain pre-established share price targets or (ii) a change of control of the Issuer, in each case subject to the Reporting Person's continued employment with the Issuer through the applicable payment date. One-third of the PRSUs will vest upon the Issuer's price per Common Share achieving a daily volume weighted average closing sale price per share ("Stock Price Level") of $50.00, one-third will vest upon the Issuer's price per Common Share achieving a $60.00 Stock Price Level, and the remaining one-third will vest upon the Issuer's price per Common Share achieving a $70.00 Stock Price Level. Any PRSUs that remain unvested as of the seventh anniversary of the grant date will be forfeited and cancelled without consideration. |
| (2) | Reflects the 1-for-4 reverse stock split of the Issuer's outstanding common stock effected on 08/20/2026. |