Boralex Inc (BLX)

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In the last 90 days, insider trading at Boralex Inc. has been predominantly selling, with a net value of -CAD 145,603. Patrick Decostre, Director and Senior Officer, was the sole seller, offloading shares worth CAD 200,169. This activity follows a period of planned purchases by multiple senior officers at year-end 2025.

Top insider sells (90, 60d)

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Ticker: BLX Exchange: TOR

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• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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Trades

Decostre, Patrick

Director of Issuer, Director or Senior Officer of Insider or Subsidiary of Issuer , Senior Officer of Issuer

1 sale — total 200,169 CAD

Sale 21 May 2026

Value CA$1,844,313.65 | Price 90.47 | Shares 40,699

Stefanov, Mihaela

Senior Officer of Issuer

1 purchase — total 31,534 CAD

Planned buy 31 Dec 2025

Value CA$3,027,977.11 | Price 401.59 | Shares 92,932

Milot, Stéphane

Senior Officer of Issuer

1 purchase — total 20,269 CAD

Planned buy 31 Dec 2025

Value CA$20,269.17 | Price 28.39 | Shares 714

Mabboux, Nicolas

Senior Officer of Issuer

1 purchase — total 37,308 CAD

Planned buy 31 Dec 2025

Value CA$37,307.82 | Price 28.52 | Shares 1,308

Laprise-Demers, Pascal

Senior Officer of Issuer

1 purchase — total 29,922 CAD

Planned buy 31 Dec 2025

Value CA$29,922.36 | Price 28.28 | Shares 1,058

Hurtubise, Pascal

Senior Officer of Issuer

1 purchase — total 49,242 CAD

Planned buy 31 Dec 2025

Value CA$49,242.30 | Price 28.51 | Shares 1,727

Fontaine, Isabelle

Senior Officer of Issuer

1 purchase — total 29,775 CAD

Planned buy 31 Dec 2025

Value CA$29,774.52 | Price 28.55 | Shares 1,043

Deveaux, Robin

Senior Officer of Issuer

1 purchase — total 40,623 CAD

Planned buy 31 Dec 2025

Value CA$40,623.16 | Price 28.53 | Shares 1,424

Decostre, Patrick

Director of Issuer, Director or Senior Officer of Insider or Subsidiary of Issuer , Senior Officer of Issuer

1 purchase — total 93,861 CAD

Planned buy 31 Dec 2025

Value CA$93,860.74 | Price 28.53 | Shares 3,290

Cantin, Éric

Senior Officer of Issuer

1 purchase — total 40,174 CAD

Planned buy 31 Dec 2025

Value CA$40,174.18 | Price 28.53 | Shares 1,408

Arsenault, Marie-Josée

Senior Officer of Issuer

1 purchase — total 42,423 CAD

Planned buy 31 Dec 2025

Value CA$42,423.18 | Price 28.51 | Shares 1,488

Caisse de dépôt et placement du Québec

10% Security Holder of Issuer

1 buy, 1 sell — total 155,218,076 CAD

Sale 2 May 2025

Value CA$77,609,038.00 | Price 30.29 | Shares 2,562,200

Buy 2 May 2025

Value CA$77,609,038.00 | Price 30.29 | Shares 2,562,200

Decostre, Patrick

Director of Issuer, Director or Senior Officer of Insider or Subsidiary of Issuer , Senior Officer of Issuer

1 sale — total 260,130 CAD

Sale 10 Mar 2025

Value CA$260,130.00 | Price 30.00 | Shares 8,671

Stefanov, Mihaela

Senior Officer of Issuer

1 purchase — total 28,605 CAD

Planned buy 31 Dec 2024

Value CA$28,604.93 | Price 31.33 | Shares 913

Mabboux, Nicolas

Senior Officer of Issuer

1 purchase — total 36,358 CAD

Planned buy 31 Dec 2024

Value CA$36,357.82 | Price 31.26 | Shares 1,163

Laprise-Demers, Pascal

Senior Officer of Issuer

1 purchase — total 27,375 CAD

Planned buy 31 Dec 2024

Value CA$27,374.81 | Price 31.29 | Shares 875

Hurtubise, Pascal

Senior Officer of Issuer

1 purchase — total 47,898 CAD

Planned buy 31 Dec 2024

Value CA$47,897.64 | Price 31.29 | Shares 1,531

Guilmette, Bruno

Senior Officer of Issuer

1 purchase — total 53,622 CAD

Planned buy 31 Dec 2024

Value CA$53,621.63 | Price 31.28 | Shares 1,714

Girardin, Hugues

Senior Officer of Issuer

1 purchase — total 51,054 CAD

Planned buy 31 Dec 2024

Value CA$51,054.49 | Price 30.50 | Shares 1,674

Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Insider and/or position	Nb. shares Price Value	Number of shares	Price	Value
2026-05-22	2026-05-21	S Sale	2.0 Decostre, Patrick Director of Issuer, Director or Senior Officer of Insider or Subsidiary of Issuer , Senior Officer of Issuer Executive Director	40,699 -6.2% 90.47 CA$1,844,314	40,699 -6.2%	90.47	CA$1,844,314
2026-03-16	2025-12-31	PP Planned purchase	2.2 Stefanov, Mihaela Senior Officer of Issuer Officer	92,932 -5.1% 401.59 CA$3,027,977	92,932 -5.1%	401.59	CA$3,027,977
2026-03-16	2025-12-31	PP Planned purchase	Milot, Stéphane Senior Officer of Issuer Officer	13,426 -1.7% 225.75 CA$3,190,009	13,426 -1.7%	225.75	CA$3,190,009
2026-03-16	2025-12-31	PP Planned purchase	Mabboux, Nicolas Senior Officer of Issuer Officer	1,308 +50.8% 28.52 CA$37,308	1,308 +50.8%	28.52	CA$37,308
2026-03-16	2025-12-31	PP Planned purchase	2.3 Laprise-Demers, Pascal Senior Officer of Issuer Officer	1,058 +44.3% 28.28 CA$29,922	1,058 +44.3%	28.28	CA$29,922
2026-03-16	2025-12-31	PP Planned purchase	Hurtubise, Pascal Senior Officer of Issuer Officer	1,727 +20.2% 28.51 CA$49,242	1,727 +20.2%	28.51	CA$49,242
2026-03-16	2025-12-31	PP Planned purchase	2.2 Fontaine, Isabelle Senior Officer of Issuer Officer	1,043 +48.2% 28.55 CA$29,775	1,043 +48.2%	28.55	CA$29,775
2026-03-16	2025-12-31	PP Planned purchase	Deveaux, Robin Senior Officer of Issuer Officer	1,424 +41.4% 28.53 CA$40,623	1,424 +41.4%	28.53	CA$40,623
2026-03-16	2025-12-31	PP Planned purchase	2.0 Decostre, Patrick Director of Issuer, Director or Senior Officer of Insider or Subsidiary of Issuer , Senior Officer of Issuer Executive Director	3,290 +16.7% 28.53 CA$93,861	3,290 +16.7%	28.53	CA$93,861
2026-03-16	2025-12-31	PP Planned purchase	2.2 Cantin, Éric Senior Officer of Issuer Officer	1,408 +42.4% 28.53 CA$40,174	1,408 +42.4%	28.53	CA$40,174
2026-03-16	2025-12-31	PP Planned purchase	2.9 Arsenault, Marie-Josée Senior Officer of Issuer Officer	1,488 +15.0% 28.51 CA$42,423	1,488 +15.0%	28.51	CA$42,423
2026-02-27	2025-05-02	S Sale	2.5 Caisse de dépôt et placement du Québec 10% Security Holder of Issuer Large shareholder	2,562,200 30.29 CA$77,609,038	2,562,200	30.29	CA$77,609,038
2026-02-27	2025-05-02	B Purchase	2.5 Caisse de dépôt et placement du Québec 10% Security Holder of Issuer Large shareholder	2,562,200 +19.5% 30.29 CA$77,609,038	2,562,200 +19.5%	30.29	CA$77,609,038
2025-03-11	2025-03-10	S Sale	2.0 Decostre, Patrick Director of Issuer, Director or Senior Officer of Insider or Subsidiary of Issuer , Senior Officer of Issuer Executive Director	8,671 -30.5% 30.00 CA$260,130	8,671 -30.5%	30.00	CA$260,130
2025-01-29	2024-12-31	PP Planned purchase	2.2 Stefanov, Mihaela Senior Officer of Issuer Officer	913 +107.4% 31.33 CA$28,605	913 +107.4%	31.33	CA$28,605
2025-01-29	2024-12-31	PP Planned purchase	Mabboux, Nicolas Senior Officer of Issuer Officer	1,163 +82.5% 31.26 CA$36,358	1,163 +82.5%	31.26	CA$36,358
2025-01-29	2024-12-31	PP Planned purchase	2.3 Laprise-Demers, Pascal Senior Officer of Issuer Officer	875 +57.9% 31.29 CA$27,375	875 +57.9%	31.29	CA$27,375
2025-01-29	2024-12-31	PP Planned purchase	Hurtubise, Pascal Senior Officer of Issuer Officer	1,531 +21.8% 31.29 CA$47,898	1,531 +21.8%	31.29	CA$47,898
2025-01-29	2024-12-31	PP Planned purchase	2.7 Guilmette, Bruno Senior Officer of Issuer Officer	1,714 +14.3% 31.28 CA$53,622	1,714 +14.3%	31.28	CA$53,622
2025-01-29	2024-12-31	PP Planned purchase	Girardin, Hugues Senior Officer of Issuer Officer	1,674 +13.6% 30.50 CA$51,054	1,674 +13.6%	30.50	CA$51,054