Stephen C. Ruffini - Jan 13, 2023 Form 4 Insider Report for Village Farms International, Inc. (VFF)

Role
Chief Financial Officer, Director
Signature
/s/Stephen C. Ruffini
Stock symbol
VFF
Transactions as of
Jan 13, 2023
Transactions value $
-$70,400
Form type
4
Date filed
1/17/2023, 07:02 PM
Previous filing
Jan 6, 2022
Next filing
Feb 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VFF Common Shares Award $83K +100K +15.64% $0.83 739K Jan 13, 2023 Direct F1
transaction VFF Common Shares Sale -$153K -100K -13.53% $1.53 639K Jan 13, 2023 Direct F2, F3
holding VFF Common Shares 229K Jan 13, 2023 See Footnote F4
holding VFF Common Shares 45.8K Jan 13, 2023 See Footnote F5

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
transaction VFF Options Disposed to Issuer $0 -100K -100% $0.00* 0 Jan 13, 2023 Common Shares 100K $0.83 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 50,000 common shares previously acquired upon vesting of outstanding Restricted Stock Units in accordance with their terms.
F2 Mr. Ruffini was notified by his broker on January 13, 2023 of the exercise of this sale effectuated on January 13, 2023 pursuant to a Rule 10b5-1 trading plan adopted by Mr. Ruffini.
F3 The common shares were sold in multiple transactions pursuant to a 10b5-1 plan at prices ranging between US$1.52 - $1.55, inclusive. The price above reflects the weighted average sale price.
F4 Held through The Ruffini Family Revocable Trust of which Mr. Ruffini is the trustee.
F5 Held through an Individual Retirement Account.
F6 The Options were issued on March 14, 2013 and became fully vested on the third anniversary of the grant date.