Form 4: Pineapple Financial Inc. COO Marin Kendall Leo Reports Significant Common Share Transactions

COO Marin Kendall Leo reports multiple transactions involving Pineapple Financial Inc. common shares, increasing his holdings to 1,661,811 shares.

Summary

• On May 16, 2025, Marin Kendall Leo, COO of Pineapple Financial Inc., acquired 350,000 common shares at $0.0197 per share, decreasing his holdings to 1,204,154 shares.
• Between May 19 and May 20, 2025, Leo engaged in a series of purchases of common shares at prices ranging from $0.023 to $0.045 per share.
• These transactions increased Leo's total holdings to 1,661,811 common shares.
• The reported holdings exclude 126,652 options and 25,651 warrants owned by Leo, which were granted under the 2022 Omnibus Equity Incentive Compensation Plan.
• The options vest over 2 years, with 25% vesting on the grant date (November 03, 2023) and the remainder vesting in equal installments every 6 months thereafter, exercisable at $3.60 per share.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The COO's increased shareholding could indicate confidence, but it's a routine filing.

Positives

• The COO's increased investment in common shares could be interpreted as a positive signal about his 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 investors.

Stakeholder Impact

• The increased shareholding by the COO could positively influence shareholder sentiment.

Key Dates

Keywords

common shares, Pineapple Financial Inc., Marin Kendall Leo, COO, stock options, warrants, beneficial ownership, Form 4, securities