Rivers Kim A. 4
4 · Trulieve Cannabis Corp. · Filed Jun 26, 2026
Research Summary
AI-generated summary of this filing
Trulieve (TRLV) 10% Owner Rivers Kim A. Sells Shares
What Happened Rivers Kim A., reported as a 10% owner of Trulieve Cannabis Corp. (TRLV), sold 136,811 subordinate voting shares on June 26, 2026 for a total of $1,197,917. The weighted-average price was $8.76 per share (individual trade prices ranged $8.72–$8.82). This was a sale (not a purchase), which is often routine insider liquidity rather than a bullish signal.
Key Details
- Transaction date: 2026-06-26; weighted-average price $8.76; price range $8.72–$8.82. Total proceeds reported: $1,197,917.
- Transaction type: Sale (code S), effected under a Rule 10b5-1 trading plan adopted March 16, 2026. The plan authorized up to 2.5 million shares.
- Tranche/filing notes: A Form 144 was filed June 17, 2026 covering the first tranche of 1,699,007 subordinate voting shares; sales under that first tranche were completed as of June 26, 2026. The reporting person notified the broker of intent to terminate the 10b5-1 plan on August 11, 2026 (during the next open trading window) before any additional sales.
- Shares sold in multiple executions; the reporting person will provide, on request, the number of shares sold at each price within the reported range.
- Shares owned after transaction: Not specified in the excerpt provided; see Table II of the Form 4 for reported holdings.
- Filing timeliness: No late filing indicated in the provided information.
Context
- The sale was executed under a pre-established Rule 10b5-1 plan (designed to allow scheduled sales), which is common for insiders and 10% owners managing large holdings.
- The reporting person also has interests in Multiple Voting Shares (held by Traunch IV LLC) that are convertible into Subordinate Voting Shares on a one-for-100 basis; she may be deemed to exercise voting and investment control over Traunch IV but disclaims beneficial ownership except for her pecuniary interest.
- This is a disposition by a 10% owner rather than a compensatory award or option exercise; it should be viewed as insider selling/lack of accumulation rather than a purchase-based bullish indicator.
Insider Transaction Report
Form 4
Rivers Kim A.
DirectorChairman and CEO10% Owner
Transactions
- Sale
Subordinate Voting Shares
[F1][F2][F3]2026-06-26$8.76/sh−136,811$1,197,917→ 1,476,913 total
Holdings
- 151,667
Multiple Voting Shares
[F4]Exercise: $0.00→ Subordinate Voting Shares (15,166,700 underlying) - 9,867(indirect: By LLC)
Multiple Voting Shares
[F4][F5]Exercise: $0.00→ Subordinate Voting Shares (986,700 underlying)
Footnotes (5)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 plan to sell 2.5 million shares adopted by the reporting person on March 16, 2026. A Form 144 covering the first tranche of 1,699,007 subordinate voting shares was filed on June 17, 2026. As of June 26, 2026, share sales under the first tranche have been completed. The reporting person has notified the broker dealer administering the plan of her intention to terminate the plan on August 11, 2026, during the next open trading window, prior to any additional share sales.
- [F2]Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $8.72 to $8.82. The reporting person has provided to the issuer, and undertakes to provide to the staff of the Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
- [F3]The reporting person also holds Multiple Voting Shares convertible into Subordinate Voting Shares as reported on Table II of this Form 4.
- [F4]The Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-100 basis. The Multiple Voting Shares are convertible at any time and have no expiration date.
- [F5]The Multiple Voting Shares are held by Traunch IV LLC ("Traunch IV"), over which the reporting person may be deemed to exercise voting and investment control. The reporting person disclaims beneficial ownership of the Multiple Voting Shares (and the Subordinate Voting Shares into which they are convertible) held by Traunch IV, except to the extent of her pecuniary interest therein.
Signature
/s/ Eric Powers, as Attorney-in-Fact|2026-06-26