Form 4: Cannabist Co Holdings Inc.: Chief Legal Officer Reports Stock Transactions
SEC Form 4 Filing
David Sirolly, Chief Legal Officer of Cannabist Co Holdings Inc., reports the vesting and conversion of restricted stock units into common shares.
Summary
- On April 5, 2025, David Sirolly, the Chief Legal Officer/GC of Cannabist Co Holdings Inc., executed transactions involving the company's stock.
- Sirolly converted 409,091 restricted stock units (RSUs) into common shares.
- Following the reported transaction, Sirolly directly owns 1,364,478 common shares and 409,092 derivative securities.
- 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: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Future Outlook
The remaining RSUs will vest on April 5, 2026, with settlement occurring as soon as practicable following vesting.
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 key personnel.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| August 7, 2023 | Date the RSUs were granted. |
| April 5, 2024 | 40% of the RSUs vested. |
| April 5, 2025 | Date of the reported transaction; 30% of the RSUs vested. |
| April 5, 2026 | Remaining 30% of the RSUs will vest. |
| April 7, 2025 | Date of signature on the Form 4 filing. |
Keywords
Cannabist Co Holdings Inc., CBSTF, Form 4, David Sirolly, Chief Legal Officer, Restricted Stock Units, RSU, Common Shares, Beneficial Ownership, Vesting
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.