Form 4: Pineapple Financial COO and Director Boosts Stake with Significant Stock Purchases

Kendall Leo Marin, Chief Operating Officer and Director of Pineapple Financial Inc., has increased his direct beneficial ownership in the company through multiple open market purchases of common shares.

Summary

• Kendall Leo Marin, Chief Operating Officer and Director of Pineapple Financial Inc. (PAPL), acquired a total of 112,931 common shares through multiple open market purchases on June 4, 2025.
• The shares were purchased at prices ranging from $0.041 to $0.0545 per share.
• Following these transactions, Mr. Marin directly beneficially owns 2,053,465 common shares.
• This reported total excludes 126,652 stock options and 25,651 warrants held by Mr. Marin.
• The stock options, granted on November 3, 2023, are exercisable at $3.60 per share and vest over two years, with 25% vested on the grant date and the remainder vesting in equal installments every six months.

Sentiment

Score: 8

Explanation: The significant open market purchases by a key insider (COO and Director) indicate strong confidence in the company's future, which is a positive signal for investors.

Positives

• Significant insider buying by a key executive (COO and Director) indicates strong confidence in the company's future prospects.
• The purchases increase Mr. Marin's direct beneficial ownership, further aligning his interests with those of shareholders.

Negatives

• The low share prices at which the insider purchases were made ($0.041 to $0.0545) could suggest a significantly depressed valuation for Pineapple Financial Inc.

Future Outlook

N/A

Industry Context

This Form 4 filing, detailing insider stock purchases, is a standard regulatory disclosure. It does not provide broader industry context or trends for the financial services sector in which Pineapple Financial Inc. operates.

Stakeholder Impact

• Shareholders: Positive, as insider buying often signals management's belief in the company's value, potentially boosting investor confidence and aligning management interests with shareholders.

Key Dates

Recommendation

Keywords

Pineapple Financial, PAPL, Form 4, insider buying, stock purchase, beneficial ownership, Kendall Leo Marin, equity, COO, Director