David S. Briones - 14 May 2025 Form 4 Insider Report for Unique Logistics International, Inc. (UNQL)

Reporting relationship: Director
Issuer ticker: UNQL
Reported as of: 14 May 2025
Net transaction value: -$716,110
SEC form: 4
Accepted by SEC: 15 May 2025, 10:26:45 UTC
Prior SEC filing: 10 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ David Briones

Key filing fact

David S. Briones filed Form 4 for Unique Logistics International, Inc. (UNQL) on 15 May 2025.

Key facts

This page summarizes David S. Briones's Form 4 filing for Unique Logistics International, Inc. (UNQL).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 15 May 2025, 10:26.

Change

Previous filing in this sequence was filed on 10 Mar 2022.
Current net transaction value: -$716,110.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001599831 Primary reporting owner

Briones David S.

Relationship: Director
Address: C/O UNIQUE LOGISTICS INTERNATIONAL, INC., 154-09 146TH AVENUE THIRD FLOOR, JAMAICA
Signature: /s/ David Briones
Signature date: 14 May 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UNQL transaction

Series A Convertible Preferred Stock

Disposed to Issuer

Transaction value: $716,110
Shares: -20,000
Change %: -100%
Price: $35.81
Shares after: 0
Date: 14 May 2025
Ownership: Direct
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

Pursuant to the Agreement and Plan of Merger by and among Unique Logistics International, Inc., ("UNQL"), DP World Logistics US Holdings, Inc. ("Parent"), and Unique Merger Co., a wholly owned subsidiary of Parent, dated March 11, 2025, Unique Merger Co. merged with and into UNQL, with UNQL surviving as a wholly owned subsidiary of Parent. At the effective time of the merger, each share of Series A Convertible Preferred Stock converted into the right to receive a lump-sum cash payment equal to $0.0037 per share of Common Stock, multiplied by 9,677.1581, the number of shares of Common Stock issuable upon conversion of each Series A share pursuant to its Certificate of Designation, including applicable anti-dilution provisions.