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

Reporting relationship: President and CEO, Director
Issuer ticker: UNQL
Reported as of: 14 May 2025
Net transaction value: -$16,256
SEC form: 4
Accepted by SEC: 15 May 2025, 10:56:44 UTC
Prior SEC filing: 07 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/Ray Sunandan

Key filing fact

Sunandan Ray filed Form 4 for Unique Logistics International, Inc. (UNQL) on 15 May 2025.

Key facts

This page summarizes Sunandan Ray's Form 4 filing for Unique Logistics International, Inc. (UNQL).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 15 May 2025, 10:56.

Change

Previous filing in this sequence was filed on 07 Mar 2022.
Current net transaction value: -$16,256.

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 0001828508 Primary reporting owner

RAY SUNANDAN

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

Reported non-derivative transactions

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

UNQL transaction

Common Stock

Disposed to Issuer

Transaction value: $81.72
Shares: -22,086
Change %: -100%
Price: $0.003700
Shares after: 0
Date: 14 May 2025
Ownership: By Frangipani Trade Services
Footnotes: F1, F3

UNQL transaction

Series B Convertible Preferred Stock

Disposed to Issuer

Transaction value: $16,174
Shares: -668
Change %: -100%
Price: $24.22
Shares after: 0
Date: 14 May 2025
Ownership: By Frangipani Trade Services
Footnotes: F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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").

Footnote 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.

Footnote F3

Mr. Ray owns 100% of Frangipani Trade Services. Inc.