Form 4: Trulieve CSO Sells Shares for Tax Obligation

Trulieve Cannabis Corp.'s Chief Sales Officer, Timothy Morey, disposed of 16,744 subordinate voting shares on December 1, 2025, to cover tax liabilities from RSU vesting.

Summary

• Timothy Morey, Chief Sales Officer of Trulieve Cannabis Corp. (TRUL), reported a transaction on December 1, 2025.
• The transaction involved the disposition of 16,744 subordinate voting shares.
• These shares were withheld for the payment of tax liability in connection with the vesting of restricted stock units (RSUs).
• The shares were disposed of at a price of $5.39 per share.
• Following this transaction, Timothy Morey beneficially owns 174,709 subordinate voting shares directly.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine, non-discretionary disposition of shares by an insider to cover tax liabilities associated with RSU vesting, which is a common compensation event and not indicative of a change in the insider's or company's sentiment regarding future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing reports a routine insider transaction related to compensation and tax obligations, which is common across all industries and does not provide specific insights into broader industry trends or competitive positioning within the cannabis sector.

Stakeholder Impact

• Shareholders: The disposition of shares is a routine event for tax purposes and is unlikely to have a significant direct impact on existing shareholders, as it does not reflect a discretionary sale based on company performance or outlook.

Key Dates

Keywords

Trulieve Cannabis Corp., TRUL, Form 4, Insider Transaction, Share Disposition, RSU Vesting, Tax Withholding, Timothy Morey, Subordinate Voting Shares