Form 4: Pineapple Financial Inc. COO Marin Kendall Leo Acquires 2,000 Common Shares

Pineapple Financial Inc.'s COO, Marin Kendall Leo, reports the acquisition of 2,000 common shares at $0.94 per share on August 2, 2024, increasing their direct holdings to 854,154 shares.

Summary

• On August 2, 2024, Marin Kendall Leo, the COO of Pineapple Financial Inc., purchased 2,000 common shares of the company.
• The shares were acquired at a price of $0.94 per share.
• Following this transaction, Marin Kendall Leo directly owns 854,154 common shares of Pineapple Financial Inc.
• The report excludes 126,652 options and 25,651 warrants owned by the Reporting Person.
• The stock options were issued to the Reporting Person, pursuant to 2022 Omnibus Equity Incentive Compensation Plan on November 03, 2023, the options are exercisable at $3.60 per share and vest over 2 years whereby 25% of the options granted vested on the date of grant, and the remaining unvested options vest in equal installments every 6 months thereafter.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. An insider purchase is generally viewed as a positive sign, but the amount is relatively small.

Positives

• The COO's purchase of shares could be interpreted as a positive signal, indicating confidence in the company's future prospects.

Industry Context

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

Stakeholder Impact

• The purchase of shares by a company insider may increase investor confidence.

Key Dates

Keywords

Pineapple Financial Inc., Marin Kendall Leo, common shares, acquisition, COO, PAPL, Form 4, beneficial ownership