Ray Sunandan - 14 May 2025 Form 4 Insider Report for Unique Logistics International, Inc. (UNQL)

Role
President and CEO, Director
Signature
/s/Ray Sunandan
Issuer symbol
UNQL
Transactions as of
14 May 2025
Net transactions value
-$16,256
Form type
4
Filing time
15 May 2025, 10:56:44 UTC
Previous filing
07 Mar 2022
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
RAY SUNANDAN President and CEO, Director C/O UNIQUE LOGISTICS INTERNATIONAL, INC., 154-09 146TH AVENUE THIRD FLOOR, JAMAICA /s/Ray Sunandan 14 May 2025 0001828508

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNQL Common Stock Disposed to Issuer $81.72 -22,086 -100% $0.003700 0 14 May 2025 By Frangipani Trade Services F1, F3
transaction UNQL Series B Convertible Preferred Stock Disposed to Issuer $16,174 -668 -100% $24.22 0 14 May 2025 By Frangipani Trade Services F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger by and between Unique Logistics International, Inc., a Nevada corporation ("UNQL"), DP World Logistics US Holdings. Inc. ("DP World"'), a Delaware corporation ("Parent"), and Unique Merger Co., a Nevada corporation and wholly- owned subsidiary of Parent, dated as of March 11, 2025 (the "Merger Agreement"), Unique Merger Co. will merge with and into UNQL, with UNQL surviving the merger, resulting in UNQL becoming a wholly owned subsidiary of DP World on the terms and subject to the conditions set forth in the Merger Agreement. At the effective time of the merger contemplated thereby (the "Effective Time"), each share of Common Stock converted into the right to receive a lump-sum cash payment equal to $0.0037 (the "Per Share Merger Consideration").
F2 Pursuant to the Merger Agreement. at the Effective Time. each share of Series B Convertible Preferred Stock converted into the right to receive a lump-sum cash payment equal to the Per Share Merger Consideration multiplied by 6,546.47. which is the number of shares of Common Stock that were issuable upon the conversion of such share of Series B Convertible Preferred Stock into shares of Common Stock pursuant to the Certificate of Designation of the Series B Convertible Preferred Stock.
F3 Mr. Ray owns 100% of Frangipani Trade Services. Inc.