Key facts
- This page summarizes Engaged Capital LLC's Form 4 filing for SunOpta Inc. (STKL).
- 4 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 18 Aug 2022, 19:24.
Engaged Capital LLC - 16 Aug 2022 Form 4 Insider Report for SunOpta Inc. (STKL)
- Reporting relationship
- Other*
- Issuer ticker
- STKL
- Reported as of
- 16 Aug 2022
- Net transaction value
- -$10,596,162
- SEC form
- 4
- Accepted by SEC
- 18 Aug 2022, 19:24:20 UTC
- Prior SEC filing
- 16 Jun 2022
- Source filing
- View source filing
- Reporting owner signature
- Engaged Capital, LLC; By: /s/ Glenn W. Welling, Authorized Signatory
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Engaged Capital LLC filed Form 4 for SunOpta Inc. (STKL) on 18 Aug 2022.
Change
- Previous filing in this sequence was filed on 16 Jun 2022.
- Current net transaction value: -$10,596,162.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
STKL
transaction
Common Shares
Sale
- Transaction value
- $741,783
- Shares
- -67,249
- Change %
- -1.3%
- Price
- $11.03
- Shares after
- 5,144,877
- Date
- 16 Aug 2022
- Ownership
- By: Engaged Capital Flagship Master Fund, LP
- Footnotes
- F1, F2, F3
STKL
transaction
Common Shares
Sale
- Transaction value
- $4,256,762
- Shares
- -397,531
- Change %
- -7.7%
- Price
- $10.71
- Shares after
- 4,747,346
- Date
- 17 Aug 2022
- Ownership
- By: Engaged Capital Flagship Master Fund, LP
- Footnotes
- F1, F3
STKL
transaction
Common Shares
Sale
- Transaction value
- $5,274,781
- Shares
- -478,204
- Change %
- -54%
- Price
- $11.03
- Shares after
- 401,589
- Date
- 16 Aug 2022
- Ownership
- By: Managed Account of Engaged Capital, LLC
- Footnotes
- F1, F4
STKL
transaction
Common Shares
Sale
- Transaction value
- $322,835
- Shares
- -30,149
- Change %
- -7.5%
- Price
- $10.71
- Shares after
- 371,440
- Date
- 17 Aug 2022
- Ownership
- By: Managed Account of Engaged Capital, LLC
- Footnotes
- F1, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Engaged Capital LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
This Form 4 is filed jointly by Engaged Capital Flagship Master Fund, LP ("Engaged Capital Flagship Master"), Engaged Capital Co-Invest IV-A, LP ("Engaged Capital Co-Invest IV-A"), Engaged Capital Flagship Fund, LP ("Engaged Capital Fund"), Engaged Capital Flagship Fund, Ltd. ("Engaged Capital Offshore"), Engaged Capital, LLC ("Engaged Capital"), Engaged Capital Holdings, LLC ("Engaged Holdings") and Glenn W. Welling (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that no longer beneficially owns more than 10% of SunOpta Inc.'s (the "Issuer") outstanding Common Shares. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
Footnote F2
The sale of 67,249 Common Shares at a price of $11.0304 reported herein is matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with the purchase of 22,561 Common Shares at a price of $5.21 by Engaged Capital Flagship Master on March 2, 2022. The Reporting Persons have made arrangements with the Issuer to voluntarily disgorge $131,314.04 to the Issuer, the full amount of statutory "profit" calculated pursuant to Section 16(b) of the Exchange Act.
Footnote F3
Securities owned directly by Engaged Capital Flagship Master. As feeder funds of Engaged Capital Flagship Master, each of Engaged Capital Fund and Engaged Capital Offshore may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. As the general partner and investment adviser of Engaged Capital Flagship Master, Engaged Capital may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master. Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, and as the sole member of Engaged Holdings, may be deemed to beneficially own the securities owned directly by Engaged Capital Flagship Master.
Footnote F4
Securities held in an account separately managed by Engaged Capital (the "Engaged Capital Account"). Engaged Capital, as the investment adviser of the Engaged Capital Account, may be deemed to beneficially own the securities held in the Engaged Capital Account. Engaged Holdings, as the managing member of Engaged Capital, may be deemed to beneficially own the securities held in the Engaged Capital Account. Mr. Welling, by virtue of his position as the founder and Chief Investment Officer of Engaged Capital, and as the sole member of Engaged Holdings, may be deemed to beneficially own the securities held in the Engaged Capital Account.