Form 4: Cannabist Co Holdings Inc. CFO Derek Watson Reports Stock Transaction

Derek Watson, CFO of Cannabist Co Holdings Inc., reports the vesting and acquisition of 545,455 common shares on April 5, 2025, related to restricted stock units (RSUs).

Summary

• On April 7, 2025, a Form 4 filing was submitted to the SEC by David Sirolly as attorney in fact for Derek Watson, the Chief Financial Officer of Cannabist Co Holdings Inc.
• The filing reports a transaction that occurred on April 5, 2025, where Mr. Watson acquired 545,455 common shares.
• This acquisition is related to the vesting of restricted stock units (RSUs).
• Following the reported transaction, Mr. Watson directly owns 1,629,150 common shares.
• The RSUs were 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.
• Settlement of vested RSUs will occur as soon as practicable following vesting.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

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 and stock ownership, common in publicly traded companies. It provides transparency regarding the holdings of company insiders.

Stakeholder Impact

• The transaction increases the CFO's stake in the company, aligning his interests with those of shareholders.

Next Steps

• Settlement of vested RSUs will occur as soon as practicable following vesting.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Derek Watson, Cannabist Co Holdings Inc., CBSTF, Restricted Stock Units, RSU, Common Shares, Beneficial Ownership