Form 4: Former Director Converts Cannabist Co RSUs to Shares
Insider Transaction Report
Alison Worthington, former Director of Cannabist Co Holdings Inc., converted 805,264 restricted stock units into common shares.
Summary
- Alison Worthington, a former Director of Cannabist Co Holdings Inc. (CBSTF), acquired 805,264 common shares.
- The acquisition resulted from the conversion of 805,264 Restricted Stock Units (RSUs).
- Following this transaction, Worthington beneficially owns a total of 1,279,204 common shares.
- The RSUs were granted on June 26, 2024, and fully vested on September 24, 2025, which was the date of the Issuer's 2025 annual meeting.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction related to equity compensation, which is an expected event and does not inherently carry positive or negative sentiment for the company's operational or financial performance.
Positives
- The conversion of Restricted Stock Units (RSUs) into common shares represents a standard and expected component of executive compensation, indicating the fulfillment of a pre-planned equity award.
Future Outlook
Settlement of the common shares resulting from the RSU conversion will occur as soon as administratively feasible following the vesting date.
Industry Context
This filing reports a routine insider transaction related to equity compensation, which is a common practice across all industries for attracting and retaining executive talent. It does not provide specific insights into broader industry trends for Cannabist Co Holdings Inc.'s sector.
Stakeholder Impact
- Shareholders: A minor, expected increase in the number of outstanding shares due to the conversion of equity compensation, which is a standard part of executive remuneration.
Next Steps
- Settlement of the common shares will occur as soon as administratively feasible following the September 24, 2025 vesting date.
Key Dates
| Date | Description |
|---|---|
| 06/26/2024 | Date Restricted Stock Units (RSUs) were granted to Alison Worthington. |
| 09/24/2025 | Date of earliest transaction, when RSUs fully vested and were converted into common shares. This was also the date of the Issuer's 2025 annual meeting. |
| 09/26/2025 | Date the Form 4 filing was signed. |
Keywords
Cannabist Co Holdings Inc., CBSTF, Alison Worthington, Restricted Stock Units, RSU conversion, insider transaction, equity compensation, Form 4, common shares
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