4/A: Village Farms CFO Amends SEC Filing to Correct Erroneous Transaction Report

Sentiment:

Amendment to Statement of Changes in Beneficial Ownership


Village Farms International, Inc.'s Chief Financial Officer, Stephen C. Ruffini, filed an amended Form 4 to withdraw an inadvertently filed transaction report, clarifying no personal reportable changes in his holdings on June 2, 2025.

Summary

  • Stephen C. Ruffini, CFO and Director of Village Farms International, Inc. (VFF), filed a Form 4/A to amend and withdraw an original Form 4 that was inadvertently filed on June 2, 2025.
  • The original Form 4 incorrectly reported a transaction by Michael A. DeGiglio under Mr. Ruffini's CIK number.
  • Mr. Ruffini clarifies that no reportable transactions were made by him on June 2, 2025.
  • The filing confirms Mr. Ruffini's current holdings, which include 680,039 common shares held directly, 449,399 common shares held indirectly through The Ruffini Family Revocable Trust, and 45,800 common shares held indirectly through an Individual Retirement Account.
  • His holdings also reflect the vesting of 50,000 performance shares on September 13, 2021.

Sentiment

Score: 5

Explanation: The document is neutral as it is an administrative correction of an error, clarifying that no actual transaction occurred for the reporting person on the date in question.

Future Outlook

The document does not provide any forward-looking statements or guidance regarding the company's future operations or financial performance, focusing solely on a correction of an insider trading report.

Management Comments

  • This Form 4/A is being filed to WITHDRAW the original Form 4 inadvertently filed on June 2, 2025 under Mr. Ruffini's CIK number, reporting a transaction by Michael A. DeGiglio as if effected by Mr. Ruffini.
  • The correct Form 4 reporting such transaction was filed by Mr. DeGiglio under his own CIK number on the same date.
  • No reportable transactions were made by Mr. Ruffini on June 2, 2025.
  • There has been no reportable change in Mr. Ruffini's holdings.

Industry Context

This administrative filing provides no information relevant to broader industry trends or competitive landscape, as it solely addresses a correction in an individual's beneficial ownership report.

Stakeholder Impact

  • Shareholders: Clarifies the accurate beneficial ownership records for a key executive, ensuring transparency and correcting previous erroneous information.

Key Dates

DateDescription
09/13/2021Vesting of 50,000 performance shares for Stephen C. Ruffini.
05/30/2025Date of earliest transaction as per original filing (though later clarified as no transaction by Ruffini).
06/02/2025Original Form 4 inadvertently filed under Mr. Ruffini's CIK number, reporting a transaction by Michael A. DeGiglio.
06/03/2025Date of filing of this Form 4/A to withdraw the incorrect original Form 4.

Keywords

Village Farms International, VFF, Stephen C. Ruffini, SEC Form 4/A, Beneficial Ownership, Insider Trading, CFO, Director, Share Holdings, Correction Filing

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