Form 4: Trulieve Cannabis Corp. Chairman and CEO Kim Rivers Reports Share Disposal for Tax Obligations

Kim Rivers, Chairman and CEO of Trulieve Cannabis Corp., reported the disposal of 845,516 subordinate voting shares to cover tax liabilities related to the settlement of restricted stock units.

Summary

• Kim Rivers, the Chairman and CEO of Trulieve Cannabis Corp., filed a Form 4 detailing changes in beneficial ownership.
• On September 16, 2024, Ms. Rivers disposed of 845,516 subordinate voting shares to cover tax obligations related to the settlement of restricted stock units.
• The shares were disposed of at a price of $11.32 per share.
• Following the transaction, Ms. Rivers directly owns 1,958,945 subordinate voting shares.
• Ms. Rivers also holds 159,867 multiple voting shares directly and 9,867 multiple voting shares through Traunch IV LLC, over which she may be deemed to exercise voting and investment control.
• Additionally, she holds stock options to acquire 649,559 subordinate voting shares vested as of January 1, 2024.
• Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-100 basis.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction related to tax obligations. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into the holdings and transactions of key company personnel.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the nature of the transaction.

Key Dates