Form 4: DevvStream Corp.: Thomas G. Anderson Reports Beneficial Ownership Changes Following Business Combination

Thomas G. Anderson, a director and 10% owner of DevvStream Corp., reports changes in beneficial ownership following the completion of a business combination, including the acquisition of common shares and stock options.

Summary

• Thomas G. Anderson, a director and 10% owner of DevvStream Corp., filed a Form 4 detailing changes in his beneficial ownership.
• The changes are related to the business combination agreement completed on November 6, 2024, between DevvStream Corp. and DevvStream Holdings Inc.
• Anderson acquired 7,111,428 common shares indirectly through Devvio, Inc., where he serves as founder and CEO.
• He also reported the acquisition of 76,467 stock options with an exercise price of $5.23, which were converted from options to purchase subordinate voting shares of DevvStream.
• These options vest over time, with 10% vested on January 17, 2023, and 15% vesting every six months thereafter.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports changes in ownership.

Management Comments

• Mr. Anderson disclaims beneficial ownership other than to the extent of any pecuniary interest he may have therein.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company following the business combination.

Key Dates

Keywords

DevvStream Corp, beneficial ownership, Form 4, Thomas G. Anderson, business combination, Devvio, Inc., stock options, common shares