Form 4: Trulieve Cannabis Corp. Chairman and CEO Kim Rivers Reports Tax Liability Share Withholding
SEC Form 4 Filing
Kim Rivers, Chairman and CEO of Trulieve Cannabis Corp., reports the withholding of shares for tax liability related to vesting restricted stock units.
Summary
- Kim Rivers, Chairman and CEO of Trulieve Cannabis Corp., filed a Form 4 detailing changes in beneficial ownership.
- On December 29, 2024, 12,823 subordinate voting shares were withheld to cover tax liabilities associated with the vesting of restricted stock units at a price of $4.78 per share.
- Following the transaction, Rivers directly owns 1,915,047 subordinate voting shares.
- 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, Rivers 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 routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
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.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Stock options to acquire 649,559 Subordinate Voting Shares vested as of this date. |
| 12/29/2024 | Date of transaction where 12,823 shares were withheld for payment of tax liability in connection with vesting of restricted stock units. |
| 12/31/2024 | Date of signature for the Form 4 filing. |
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