Form 4: Cannabist Co Holdings Inc. CFO Derek Watson Reports Tax-Related Share Disposal

Chief Financial Officer Derek Watson of Cannabist Co Holdings Inc. reports the disposal of 337,455 common shares to cover tax obligations related to equity grants.

Summary

• Derek Watson, the Chief Financial Officer of Cannabist Co Holdings Inc., filed a Form 4 with the SEC on April 28, 2025.
• The filing reports a transaction on April 25, 2025, where 337,455 common shares were disposed of to cover tax obligations.
• The shares were withheld by the issuer to pay taxes on behalf of Watson at the time of share settlement for annual equity grants.
• The price per share for the withholding was $0.04, converted from a Canadian withholding price of $0.05 using an exchange rate of C$1.3810 = US$1.00.
• Following the transaction, Watson beneficially owns 1,291,695 common shares.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to executive compensation and tax obligations. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

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 impact on shareholders as it is related to tax obligations of an executive.

Key Dates

Keywords

Form 4, SEC Filing, Cannabist Co Holdings Inc., Derek Watson, Share Disposal, Tax Withholding, Equity Grants, CBSTF