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.