Form 4: Cannabist Co Holdings CFO Derek Watson Reports Stock Transactions
SEC Form 4 Filing
Derek Watson, CFO of Cannabist Co Holdings Inc., reports the vesting and conversion of restricted stock units (RSUs) into common shares on March 31, 2025.
Summary
- On March 31, 2025, Derek Watson, the Chief Financial Officer of Cannabist Co Holdings Inc., executed transactions involving restricted stock units (RSUs).
- These RSUs converted into common shares of the company.
- Specifically, 53,987 RSUs, 41,528 RSUs and 41,529 RSUs vested and were converted into common shares.
- Following these transactions, Watson directly owns 1,083,695 common shares.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency regarding the holdings of company executives, which is a standard practice in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| March 31, 2022 | Date of grant for the restricted stock units (RSUs) that vested on March 31, 2025. |
| March 31, 2023 | First vesting date for some of the RSUs granted on March 31, 2022 (1/4 annually). |
| March 31, 2024 | Vesting date for 75% of some of the RSUs granted on March 31, 2022. |
| March 31, 2025 | Date of the reported transactions: vesting and conversion of RSUs into common shares; also the vesting date for the remaining 25% of some RSUs. |
| April 02, 2025 | Date of the Form 4 filing. |
Keywords
Form 4, Cannabist Co Holdings Inc., CBSTF, Derek Watson, CFO, restricted stock units, RSUs, common shares, beneficial ownership, insider trading
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