Form 4: Cannabist Co Holdings Inc.: Executive Jesse Channon Reports Stock Transactions
SEC Form 4
Jesse Channon, President of Cannabist Co Holdings Inc., reports the acquisition of common shares through the vesting of restricted stock units (RSUs) on March 31, 2025.
Summary
- On March 31, 2025, Jesse Channon, President of Cannabist Co Holdings Inc., acquired common shares through the vesting of restricted stock units (RSUs).
- Specifically, 53,987 common shares were acquired through the vesting of RSUs granted on March 31, 2022, which vest annually beginning March 31, 2023.
- Additionally, 103,821 common shares were acquired through the vesting of RSUs granted on March 31, 2022, which vest 75% on March 31, 2024, and 25% on March 31, 2025.
- Following these transactions, Channon directly owns 1,908,475 common shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The vesting of RSUs indicates that the executive is meeting performance or time-based milestones set by the company.
Future Outlook
The document does not contain specific forward-looking statements, but it does outline the vesting schedule for previously granted RSUs.
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 alignment of executive interests with those of shareholders.
Stakeholder Impact
- The vesting of RSUs aligns executive compensation with company performance, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| March 31, 2022 | Date of grant for 215,947 and 415,283 RSUs. |
| March 31, 2023 | First vesting date for 1/4 of the 215,947 RSUs granted on March 31, 2022. |
| March 31, 2024 | Vesting date for 75% of the 415,283 RSUs granted on March 31, 2022. |
| March 31, 2025 | Date of transaction: vesting of 53,987 and 103,821 RSUs; vesting date for 25% of the 415,283 RSUs granted on March 31, 2022. |
| April 02, 2025 | Date of Form 4 filing. |
Keywords
Cannabist Co Holdings Inc., Jesse Channon, RSU, restricted stock units, common shares, beneficial ownership, Form 4, insider trading
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