Form 4: TerrAscend Corp. Director Collard Craig A Reports Changes in Beneficial Ownership

Director Collard Craig A reports changes in beneficial ownership of TerrAscend Corp. securities, including RSU awards and share option amendments.

Summary

• On June 17, 2024, Director Collard Craig A reported changes in beneficial ownership of TerrAscend Corp. securities.
• The reported transactions include the acquisition of 163,334 common shares through a restricted share unit (RSU) award for service as a director.
• These RSUs will vest in full on December 31, 2024, contingent upon continuous service with the Issuer.
• Additionally, an outstanding share option was amended, resulting in the deemed cancellation of the old option and the grant of a replacement option for 150,000 shares.
• The option has an exercise price of $6.44 and was originally granted on April 24, 2019, and is fully vested.
• Following these transactions, Collard Craig A beneficially owns 716,847 common shares and 150,000 share options.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports transactions. The RSU award and option amendment could be seen as mildly positive, indicating continued alignment of interests.

Positives

• The RSU award reflects continued service and commitment from a director.
• The amendment of the share option suggests an ongoing alignment of interests between the director and the company.

Future Outlook

The RSU award will vest on December 31, 2024, subject to the Reporting Person's continuous service with the Issuer as of the vesting date.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider ownership.
• The RSU award incentivizes the director to continue serving the company.

Key Dates