Form 4: Cannabist Co Holdings Inc. CEO David Hart Reports Stock Transactions
SEC Form 4 Filing
David James Hart, CEO of Cannabist Co Holdings Inc., reports the vesting and conversion of restricted stock units into common shares on March 31, 2024.
Summary
- On March 31, 2024, David James Hart, the CEO of Cannabist Co Holdings Inc., engaged in transactions involving restricted stock units (RSUs).
- Hart converted 626,578 RSUs into common shares.
- These RSUs were granted on different dates and vested according to specific schedules.
- Following these transactions, Hart directly owns 1,861,669 common shares and indirectly owns 14,000 shares held in an Individual Retirement Account.
- He also holds 161,961 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/31/2020 | Grant date of 438,203 RSUs, vesting annually beginning March 31, 2021. |
| 03/31/2022 | Grant date of 323,921 RSUs, vesting annually beginning March 31, 2023. |
| 03/31/2022 | Grant date of 581,396 RSUs, vesting 75% on March 31, 2024 and 25% on March 31, 2025. |
| 03/31/2024 | Date of transaction: conversion of 626,578 RSUs into common shares. |
| 04/02/2024 | Date of report filing. |
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