Form 4: TerrAscend Corp. CEO Ziad Ghanem Reports Changes in Beneficial Ownership

TerrAscend Corp.'s CEO, Ziad Ghanem, reports changes in beneficial ownership due to tax withholding obligations related to the settlement of restricted share units.

Summary

• Ziad Ghanem, the President and CEO of TerrAscend Corp., filed a Form 4 to report changes in his beneficial ownership of the company's common shares.
• The transactions occurred on April 7, 2025, and April 8, 2025, and involved the withholding of shares by TerrAscend to satisfy tax obligations related to the settlement of restricted share units.
• On April 7, 2025, 9,998 shares were withheld at a price of $0.33 per share, resulting in Ghanem holding 1,638,954 shares.
• On April 8, 2025, an additional 22,017 shares were withheld at a price of $0.30 per share, leaving Ghanem with 1,616,937 shares.
• These transactions were executed to cover the reporting person's tax withholding obligations in connection with the settlement of restricted share units pursuant to an equity plan administered by the Issuer.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding changes in beneficial ownership due to tax obligations. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the company's overall prospects or strategy.

Stakeholder Impact

• The change in share ownership has a negligible impact on shareholders as it is related to tax obligations.

Key Dates

Keywords

TerrAscend Corp, Ziad Ghanem, beneficial ownership, Form 4, tax withholding, restricted share units, equity plan, TSNDF, CEO