Form 4: Cannabist Co Holdings Inc.: Chief Legal Officer David Sirolly Reports Stock Transactions
SEC Form 4
David Sirolly, Chief Legal Officer of Cannabist Co Holdings Inc., reports the vesting and conversion of restricted stock units into common shares on April 5, 2024.
Summary
- On April 5, 2024, David Sirolly, the Chief Legal Officer of Cannabist Co Holdings Inc., reported transactions involving the company's stock.
- Specifically, 545,454 restricted stock units (RSUs) vested and were converted into common shares.
- Following the reported transaction, Sirolly directly owns 818,183 derivative securities and 908,577 common shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company executive, and does not inherently indicate positive or negative sentiment.
Future Outlook
Settlement of vested RSUs will occur within 60 days of each applicable vesting date (April 5, 2024, April 5, 2025, and April 5, 2026).
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies, especially in the cannabis industry where stock-based compensation is frequently used.
Key Dates
| Date | Description |
|---|---|
| 08/07/2023 | 1,363,637 RSUs were granted |
| 04/05/2024 | Earliest transaction date; 40% of RSUs vest (545,454 RSUs) |
| 04/05/2025 | 30% of RSUs vest |
| 04/05/2026 | 30% of RSUs vest |
| 04/08/2024 | Date of signature for the report |
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