GEFEN LYNN K 4
4 · TerrAscend Corp. · Filed Apr 7, 2026
Research Summary
AI-generated summary of this filing
TerrAscend (TSNDF) Chief People & Legal Officer Receives RSU Award
What Happened
- Gefen Lynn K, Chief People and Legal Officer of TerrAscend Corp., received a grant of 540,254 restricted share units (RSUs) on 2026-04-03 (acquisition code A) at $0.00. On 2026-04-04 the company withheld 50,879 shares to satisfy tax-withholding obligations (disposition code F); the filing shows a withholding price of $0.68 per share, totaling $34,598.
Key Details
- Transaction dates and prices:
- 2026-04-03: Grant of 540,254 RSUs (A) — $0.00 acquisition price.
- 2026-04-04: Tax withholding/settlement (F) — 50,879 shares withheld at $0.68 each; $34,598 reported.
- Shares owned after transaction: Not stated in the provided Form 4.
- Footnotes: F1 — RSUs vest in equal annual installments over four years beginning April 3, 2026, subject to continuous service. F2 — shares were withheld by the issuer to satisfy tax withholding on RSU settlement.
- Filing timeliness: Form filed 2026-04-07 reporting transactions on 2026-04-03/04; the filing shows no late-filing flag.
Context
- This was a compensation grant (RSUs), not an open-market purchase or sale — withholding of shares for taxes is a routine, cashless settlement step and does not by itself indicate insider buying or selling intent. The economic benefit to the insider depends on future vesting and TerrAscend’s share price at vesting.
Insider Transaction Report
Form 4
TerrAscend Corp.TSNDF
GEFEN LYNN K
Chief People and Legal Officer
Transactions
- Award
Common Shares
[F1]2026-04-03+540,254→ 1,145,597 total - Tax Payment
Common Shares
[F2]2026-04-04$0.68/sh−50,879$34,598→ 1,094,718 total
Footnotes (2)
- [F1]Represents an award of restricted share units ("RSUs"), which shall vest in equal annual installments over a four-year period commencing on April 3, 2026. The vesting of the RSUs is subject to the Reporting Person's continuous service through each such vesting date.
- [F2]Shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the settlement of RSUs pursuant to an equity plan administered by the Issuer.
Signature
/s/ Ari Unterman, Attorney-in-Fact|2026-04-07