Form 4: TerrAscend Corp. CEO Ziad Ghanem Trades Shares

TerrAscend Corp. President and CEO Ziad Ghanem reported transactions involving the acquisition of common shares, primarily to cover tax withholding obligations.

Summary

• Ziad Ghanem, President and CEO of TerrAscend Corp., engaged in transactions involving the company's common shares.
• On April 7, 2026, 9,998 common shares were acquired at a price of $0.62 per share, with the transaction code 'F' indicating a disposition.
• Following this transaction, Mr. Ghanem beneficially owned 2,886,901 common shares directly.
• On April 8, 2026, an additional 22,017 common shares were acquired at a price of $0.66 per share, also under transaction code 'F'.
• After the April 8 transaction, Mr. Ghanem's direct beneficial ownership stood at 2,864,884 common shares.
• The 'F' transaction code and the explanation indicate these shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the settlement of restricted share units (RSUs) pursuant to an equity plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports routine tax-related share withholdings for the CEO, which are standard compensation events and do not inherently signal positive or negative performance.

Positives

• The transactions indicate that the CEO is meeting his tax obligations related to equity compensation, which is a standard and necessary corporate function.
• The CEO continues to hold a significant number of shares directly, suggesting continued alignment with shareholder interests.

Negatives

• The transactions represent a disposition of shares (withheld for taxes), which could be interpreted as a reduction in direct shareholding, although it's for tax purposes.
• The acquisition price of $0.62 and $0.66 per share suggests the market price at the time of these RSU settlements was relatively low.

Risks

• The primary risk is the potential for misinterpretation of these tax-related share withholdings as a sale by management, which could negatively impact investor sentiment if not clearly understood.
• The relatively low price at which RSUs were settled might reflect broader market conditions or company-specific performance concerns at that time.

Future Outlook

This filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Management Comments

• Shares were withheld by the Issuer to satisfy 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.

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for executives and directors regarding their share transactions. This specific filing details the settlement of restricted share units (RSUs) for TerrAscend Corp.'s CEO, Ziad Ghanem, to cover tax liabilities. Such transactions are common as part of executive compensation packages and are generally not indicative of a change in the executive's long-term view of the company, provided the shares are being withheld for tax purposes rather than being sold on the open market.

Stakeholder Impact

• Shareholders: The transactions are tax-related withholdings for the CEO's RSU settlement and do not represent a sale of shares on the open market, thus having minimal direct impact on share count or market perception, assuming clear understanding of the nature of the transaction.
• Employees: The filing relates to executive compensation and its tax implications, with no direct impact on general employee operations.
• Management: The CEO is fulfilling his tax obligations related to equity compensation.

Next Steps

• Continued monitoring of insider transactions for any significant changes in beneficial ownership beyond routine compensation events.

Key Dates

Keywords

TerrAscend Corp., TSNDF, Form 4, Insider Trading, Ziad Ghanem, Common Shares, Restricted Share Units, Tax Withholding, Beneficial Ownership, SEC Filing