Form 4: Canopy Growth Director Theresa Yanofsky Disposes of Shares to Cover Tax Obligations
SEC Form 4
Director Theresa Yanofsky disposed of 2,004 common shares of Canopy Growth Corp on March 31, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- Theresa Yanofsky, a director of Canopy Growth Corp, disposed of 2,004 common shares on March 31, 2025.
- The shares were sold at a price of $0.92 per share.
- This transaction was to cover tax obligations associated with the vesting of restricted stock units (RSUs) granted on June 10, 2024.
- Following the transaction, Yanofsky directly owns 20,199 common shares of Canopy Growth Corp.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover tax obligations) and doesn't inherently indicate positive or negative sentiment towards the company's prospects.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among corporate executives and directors. This transaction itself doesn't necessarily reflect a change in the director's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| June 10, 2024 | Date the restricted stock units were granted. |
| March 31, 2025 | Date of the share disposal transaction. |
| April 02, 2025 | Date of the signature on the Form 4 filing. |
Keywords
Canopy Growth Corp, Theresa Yanofsky, Form 4, Share Disposal, Restricted Stock Units, Tax Obligations, Director, CGC
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