Form 4: TerrAscend Corp. Director Ira Duarte Disposes of Shares to Cover Tax Obligations
SEC Form 4
Director Ira Duarte disposed of 71,704 common shares of TerrAscend Corp. on December 31, 2024, to cover tax withholding obligations.
Summary
- On December 31, 2024, Ira Duarte, a director of TerrAscend Corp., disposed of 71,704 common shares.
- The shares were withheld by the issuer to satisfy tax withholding obligations related to the settlement of restricted share units.
- The transaction was executed at a price of $0.65 per share.
- Following the transaction, Duarte directly owns 224,277 common shares of TerrAscend Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a share disposal for tax purposes. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as directors and officers. This transaction is related to tax obligations, which is a common reason for share disposals.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of transaction: Ira Duarte disposed of shares to cover tax obligations. |
| 01/03/2025 | Date of signature on the Form 4 filing. |
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