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Trulieve Cannabis Corp.·4

Jun 26, 4:38 PM ET

Rivers Kim A. 4

Research Summary

AI-generated summary

Updated

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.