Mongeau Luc 4

What Happened

• Luc Mongeau, CEO of Canopy Growth Corp. (CGC), sold 9,376 shares on 2026-02-11 at $1.06 per share for total proceeds of $9,951 (USD). The filing reports this sale as associated with tax obligations arising from the vesting of previously granted RSUs.

Key Details

• Transaction date and price: 2026-02-11, sale of 9,376 shares at $1.06 each (total $9,951 USD).
• Currency note: Footnote reports the per-share amount equals C$1.4406 using the Bank of Canada rate (file date conversion); total proceeds ≈ C$13.5k.
• Reason/footnote: Shares were granted as RSUs on February 11, 2025; the disposition is tied to tax withholding on RSU vesting (Footnote F1).
• Transaction type: Reported as a sale (code S), open-market or private sale type indicated.
• Shares owned after transaction: Not disclosed in the Form 4.
• Filing timeliness: Report filed 2026-02-12 for a 2026-02-11 transaction — appears timely.

Context

• This sale is described as a tax-related disposition of vested RSUs rather than an opportunistic market sale. Such tax-withholding sales are common when equity awards vest and do not necessarily signal a change in insider sentiment.