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Filing Details

Accession Number:: 0001654954-24-015863
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-12-23 16:05:28
Reporting Period:: 2024-12-16

Accepted Time:: 2024-12-23 16:05:28
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1504678	Loop Industries Inc.	LOOP	Chemicals & Allied Products (2800)	272094706

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1649149	Daniel Solomita	480 Fernand Poitras Terrebonne A8 J6Y1Y4	President And Ceo	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2024-12-16	61,278	$1.56	548,722	No	4	S	Direct
Common Stock	Disposition	2024-12-17	40,000	$1.57	508,722	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	18,600,000	Indirect	See Footnote
Common Stock	3,400,000	Direct

Footnotes

These reported transactions, which were completed solely for tax purposes, involved the reporting person's sales of an aggregate 101,278 shares of the Company's common stock which occurred over the course of two trading days. The aggregate number of shares sold represents less than 1% of the reporting person's total ownership before and after the reported transactions.
Weighted average price. These shares were sold in multiple transactions at prices ranging from $1.50 to $1.65 per share inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
Weighted average price. These shares were sold in multiple transactions at prices ranging from $1.55 to $1.60 per share inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
Shares held through 10036552 Canada Inc., a Canadian corporation that is wholly-owned by Daniel Solomita, pursuant to an exchange agreement, dated May 31, 2017.
Shares underlying restricted stock units approved by the Board and were issued following the 2019 annual general meeting of shareholders of the Issuer, following the shareholders' approval of an increase in the number of shares of common stock reserved under the equity incentive plan. On October 15 of 2019, 2020, and 2021, each, 200,000 restricted stock units were settled. The settled shares, after deducting the sold shares described in Footnote (1), are shown in the second row of Column 5 above.