Form 4: TerrAscend Corp. CFO Keith Stauffer Reports Changes in Beneficial Ownership

CFO Keith Stauffer reports changes in beneficial ownership of TerrAscend Corp. common shares due to tax withholding obligations and spousal holdings.

Summary

• Keith Stauffer, CFO of TerrAscend Corp., filed a Form 4 detailing changes in his beneficial ownership of the company's common shares.
• On April 7, 2025, 42,014 common shares were withheld by TerrAscend Corp. to satisfy Stauffer's tax obligations related to the settlement of restricted share units, at a price of $0.33 per share.
• Following this transaction, Stauffer directly owns 1,742,299 common shares.
• On April 8, 2025, an additional 24,806 common shares were withheld for tax obligations at a price of $0.3 per share, reducing his direct ownership to 1,717,493 shares.
• Stauffer also reports indirect beneficial ownership of 700 common shares held by his spouse, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership due to tax obligations. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market. It provides investors with insights into the actions of company executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine tax-related adjustments to executive shareholdings.

Key Dates

Keywords

TerrAscend Corp., Keith Stauffer, beneficial ownership, Form 4, common shares, tax withholding, restricted share units, insider trading