Form 4: Cannabist Co Holdings CEO David Hart Reports Stock Transactions

David Hart, CEO of Cannabist Co Holdings Inc., reports the vesting and settlement of restricted stock units (RSUs) on April 5, 2025, resulting in the acquisition of 818,182 common shares.

Summary

• On April 7, 2025, a Form 4 filing was submitted to the SEC by David Sirolly as attorney in fact for David James Hart, the CEO of Cannabist Co Holdings Inc.
• The filing reports a transaction that occurred on April 5, 2025, involving the vesting of restricted stock units (RSUs).
• Specifically, 818,182 RSUs vested and were settled, resulting in Mr. Hart acquiring 818,182 common shares.
• These RSUs were initially granted on August 7, 2023, and vest in installments.
• 40% vested on April 5, 2024, and 30% will vest on each of April 5, 2025, and April 5, 2026.
• Following the reported transaction, Mr. Hart directly owns 3,994,698 common shares and indirectly owns 114,000 shares held in an Individual Retirement Account.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard corporate governance practices.

Future Outlook

The remaining 30% of the RSUs will vest on April 5, 2026.

Industry Context

This filing is a routine disclosure related to executive compensation in the cannabis industry. Equity compensation is a common practice to align management interests with shareholder value.

Stakeholder Impact

• The vesting of RSUs may have a minor dilutive effect on existing shareholders.

Key Dates

Keywords

Form 4, SEC, Cannabist Co Holdings Inc., David Hart, Restricted Stock Units, RSU, Common Shares, Beneficial Ownership, Vesting