SNDL Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:VY4 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
01 May 26	Buy€59,245	J. Mills	Individual	50,000	€1.18
30 Apr 26	Buy€23,351	Bryan Pinney	Individual	20,000	€1.17
13 Mar 26	Buy€13,636	Growing Ideas Inc.	Company	10,000	€1.36
06 Nov 25	Buy€43,904	J. Mills	Individual	40,000	€1.10

Insider Trading Volume

Insider Buying: VY4 insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of VY4?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	49,900	0.0192%
Individual Insiders	5,272,079	2.03%
Hedge Funds	29,192,181	11.2%
Institutions	54,054,706	20.8%
General Public	171,731,134	66%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 31.56% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
11.2%	Armistice Capital LLC	29,192,181	€36.8m	0%	no data
4.38%	Morgan Stanley	11,411,121	€14.4m	-8.08%	no data
3.37%	Cannell Capital LLC	8,761,155	€11.0m	0%	no data
2.12%	Tidal Investments LLC	5,510,675	€6.9m	6.51%	no data
1.5%	Zachary George	3,914,290	€4.9m	0%	no data
1.35%	AdvisorShares Investments, LLC	3,509,861	€4.4m	-3.51%	no data
1.15%	Arrowstreet Capital, Limited Partnership	2,996,423	€3.8m	-26.7%	no data
0.86%	Mirae Asset Global Investments Co., Ltd.	2,239,364	€2.8m	17.1%	no data
0.72%	Citadel Advisors LLC	1,878,112	€2.4m	-12.9%	no data
0.6%	Susquehanna International Group, LLP	1,562,321	€2.0m	26%	no data
0.54%	JPMorgan Chase & Co.	1,398,320	€1.8m	8.84%	no data
0.5%	Ewing Morris & Co. Investment Partners	1,301,222	€1.6m	23.8%	no data
0.45%	The Goldman Sachs Group, Inc.	1,182,075	€1.5m	-13.4%	no data
0.4%	Lazard Asset Management LLC	1,050,278	€1.3m	14.4%	no data
0.34%	Alberto Paredero-Quiros	894,288	€1.1m	7.47%	no data
0.32%	Numeric Investors LLC	828,494	€1.0m	56.2%	no data
0.31%	Qube Research & Technologies Ltd	800,519	€1.0m	19.2%	no data
0.25%	Wyoming State Treasurer	653,604	€823.0k	50.6%	no data
0.23%	Renaissance Technologies LLC	602,225	€758.3k	0%	no data
0.19%	Winton Capital Group Limited	498,433	€627.6k	6.73%	no data
0.17%	State Street Global Advisors, Inc.	453,119	€570.5k	4.78%	no data
0.16%	UBS Asset Management AG	425,100	€535.2k	195%	no data
0.15%	Simplex Trading, LLC	397,934	€501.1k	19.6%	no data
0.14%	Cambria Investment Management, L.P.	352,842	€444.3k	-11.9%	no data
0.13%	GSA Capital Partners LLP	339,068	€426.9k	111%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/24 21:12
End of Day Share Price	2026/06/24 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SNDL Inc. is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Aaron Grey	Alliance Global Partners
Frederico Yokota Choucair Gomes	ATB Cormark
David Kideckel	ATB Cormark