Form 4: Canopy Growth Director Sells Shares to Cover Tax Obligations
SEC Form 4
David Angelo Lazzarato, a director at Canopy Growth Corp, sold 2,993 common shares on September 30, 2024, to cover tax obligations related to the vesting of restricted stock units.
Summary
- On September 30, 2024, David Angelo Lazzarato, a director of Canopy Growth Corp, disposed of 2,993 common shares.
- The shares were sold at a price of $4.95 per share.
- This transaction was related to covering tax obligations associated with the vesting of restricted stock units (RSUs) that were granted on June 10, 2024.
- Following the transaction, Lazzarato still beneficially owns 28,896 common shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations.
Industry Context
Sales of shares by company directors are a common occurrence, often related to personal financial planning or tax obligations. The impact on the stock price is usually minimal unless the sale is substantial or part of a larger trend.
Stakeholder Impact
- The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| June 10, 2024 | Date the restricted stock units (RSUs) were granted. |
| September 30, 2024 | Date of the share sale transaction. |
| October 02, 2024 | Date of the report filing. |
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