Form 4: Cannabist Co Holdings CEO David Hart Reports Tax-Related Share Disposal

David James Hart, CEO of Cannabist Co Holdings Inc., reports the disposal of 498,755 common shares to cover tax obligations related to equity grants.

Summary

• On April 25, 2025, David James Hart, the CEO of Cannabist Co Holdings Inc., disposed of 498,755 common shares.
• The disposal was conducted to cover tax obligations arising from the settlement of annual equity grants.
• The shares were withheld by the issuer at a price of $0.04 per share, converted from a Canadian withholding price of $0.05 using an exchange rate of C$1.3810 = US$1.00.
• Following the transaction, Hart directly owns 3,495,943 common shares and indirectly owns 114,000 shares held in an Individual Retirement Account.

Sentiment

Score: 5

Explanation: This is a neutral event related to tax obligations and doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect the company's overall performance or outlook within the cannabis industry.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it is related to tax obligations of the CEO.

Key Dates

Keywords

Form 4, Beneficial Ownership, David James Hart, Cannabist Co Holdings Inc., CBSTF, CEO, Share Disposal, Tax Withholding, Equity Grants