Orville Bovenschen - 30 May 2025 Form 3 Insider Report for Village Farms International, Inc. (VFF)

Signature
/s/ Stephen Ruffini, Attorney-in-Fact
Issuer symbol
VFF
Transactions as of
30 May 2025
Net transactions value
$0
Form type
3
Filing time
13 Jun 2025, 17:31:42 UTC
Next filing
03 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Bovenschen Orville President of Canadian Cannabis C/O VILLAGE FARMS INTERNATIONAL, INC, 90 COLONIAL CENTER PARKWAY, SUITE 100, LAKE MARY /s/ Stephen Ruffini, Attorney-in-Fact 13 Jun 2025 0002073267

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VFF Common Shares 25,000 30 May 2025 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding VFF Options 30 May 2025 Common Shares 75,000 $11.15 Direct F1, F2
holding VFF Options 30 May 2025 Common Shares 100,000 $1.08 Direct F3, F4
holding VFF Options 30 May 2025 Common Shares 455,500 $0.7600 Direct F4, F5
holding VFF Restricted Share Units 30 May 2025 Common Shares 51,823 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options were granted on May 3, 2021 and vested over a three year period, with one third (1/3) of the issued options vesting on each of the first 3 anniversaries of the date of the grant. As of the date hereof, all 75,000 options are vested.
F2 The options were granted to Mr. Bovenschen pursuant to Village Farms International Inc.'s (the "Issuer") Share-Based Compensation Plan, effective December 31, 2009, as described in the Issuer's Annual Report on Form 10-K/A for the year ended December 31, 2024 and filed with the Securities Exchange Commission on April 25, 2025.
F3 The options were granted on February 1, 2023 and will vest over a three year period, with one third (1/3) of the issued options vesting on each of the first 3 anniversaries of the date of the grant. As of the date hereof, 33,334 of the options are unvested.
F4 The options were granted to Mr. Bovenschen pursuant to the Issuer's Share-Based Compensation Plan, effective June 10, 2021, as described in the Issuer's Annual Report on Form 10-K/A for the year ended December 31, 2024 and filed with the Securities Exchange Commission on April 25, 2025.
F5 The options were granted on October 13, 2023 and will vest over a three year period, with one third (1/3) of the issued options vesting on each of the first 3 anniversaries of the date of the grant. As of the date hereof, 303,667 of the options are unvested.
F6 The Restricted Share Units ("RSUs") were granted on April 1, 2025, represent the contingent right to receive one share of the Issuer's common shares and do not require payment of a conversion or exercise price. The RSUs vest as certain performance related events are achieved. To date, the performance criteria for these RSUs have not yet been satisfied. The RSUs will expire upon Mr. Bovenschen's resignation from the Issuer.