A SEDI filing shows Savaria Corporation executive Stephen Reitknecht exercised 50,000 options and sold 50,000 shares for $1.8M between Sep 16 and Sep 18, 2026.
What the filing shows
Stephen Reitknecht, an executive of Savaria Corporation (TSX:SIS), exercised options and sold stock in the company, according to a filing on SEDI, the System for Electronic Disclosure by Insiders. SEDI is the online system where insiders of Canadian public companies report trades in their company's securities, and insiders generally must report a trade within five calendar days.
The filing reports that Reitknecht exercised 50,000 options at an exercise price of $15.35 and sold 50,000 Common Shares on the open market at an average price of $35.26, in Canadian dollars. The sale was valued at $1.8M.
The trades were carried out over three days. According to the filing, the activity began on Sep 16, 2026 and ran through Sep 18, 2026, the same day the filing was made on SEDI.
Stephen Reitknecht's trading at Savaria Corporation
The exercise and sale together left the directly held account unchanged at 2,500 shares, worth about $73K at the Sep 18, 2026 close, according to the filing. The number of shares held directly was the same before and after the reported trades.
This balance covers one registered holding that is held directly. It is not a measure of Reitknecht's total interest in Savaria Corporation, and it does not account for any other securities the insider may hold in another way.
Over the past 12 months, SEDI records show no other filings by Reitknecht reporting purchases of Savaria Corporation securities and no other filings reporting sales.
Other insider activity at Savaria Corporation
No other insiders at Savaria Corporation reported buying the company's securities on SEDI in the 30 days before the filing, and no other insiders reported selling them over the same period, according to the records.
That leaves the exercise and sale reported by Reitknecht as the only insider activity disclosed at the company on SEDI during that window.
Share price context
SIS closed at $29.20 on Sep 18, 2026, the day the filing was made. In the 52 weeks to that date, the shares closed between $20.16 and $31.57, placing the closing price toward the upper part of that range.
The average sale price of $35.26 was 21% above the Sep 18, 2026 close of $29.20. The $35.26 figure is the average price at which the 50,000 Common Shares were sold on the open market between Sep 16 and Sep 18, 2026, as stated in the filing.
