May Richard S. 4

What Happened

• Richard S. May, a director of Trulieve Cannabis Corp. (TRUL), received a grant of 23,438 restricted stock units (RSUs) on March 13, 2026. The reported acquisition price is $0.00 (RSU grants are not an immediate cash purchase). The filing reports the award but does not assign a cash sale or purchase value at grant.

Key Details

• Transaction date: 2026-03-13; Filing date: 2026-03-17 (filed within the standard reporting window).
• Transaction type: Award/Grant (Code A); 23,438 RSUs granted at $0.00.
• Shares owned after transaction: Not specified in the Form 4 filing provided.
• Footnote: Each RSU represents a contingent right to receive one subordinate voting share. Vesting occurs on the earliest of (i) end of the reporting person’s board service, (ii) a change of control, or (iii) December 1, 2032.
• No indication of a 10b5-1 plan, cashless exercise, tax-withholding sale, or late filing in this report.

Context

• RSUs are contingent awards that convert to shares only if/when they vest; they are not immediate open-market purchases or sales. Grants are common for directors as compensation and do not by themselves indicate buying or selling sentiment. The vesting conditions here tie payout to continued board service, a change of control, or a fixed future date (Dec 1, 2032).