Form 4: TerrAscend Corp. Executive Lynn K. Gefen Reports Changes in Beneficial Ownership

Lynn K. Gefen, Chief People and Legal Officer of TerrAscend Corp., reports the disposal of common shares to cover tax withholding obligations related to the settlement of restricted share units.

Summary

• On April 7th and 8th, 2025, Lynn K. Gefen, the Chief People and Legal Officer of TerrAscend Corp., disposed of common shares to satisfy tax withholding obligations.
• These transactions were related to the settlement of restricted share units under the company's equity plan.
• A total of 5,591 shares were disposed of on April 7th at a price of $0.33 per share.
• On April 8th, 7,412 shares were disposed of at $0.30 per share, followed by another disposal of 12,706 shares at $0.30 per share.
• Following these transactions, Gefen's direct ownership of TerrAscend Corp. common shares decreased from 625,461 to 605,343 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing share disposals for tax purposes, indicating a neutral sentiment.

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 transactions have a minimal direct impact on shareholders, as they relate to an individual executive's tax obligations.

Key Dates

Keywords

TerrAscend Corp, Lynn K. Gefen, beneficial ownership, Form 4, TSNDF, share disposal, tax withholding, restricted share units, equity plan, officer transaction