GEFEN LYNN K 4
4 · TerrAscend Corp. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
TerrAscend (TSNDF) Chief People & Legal Officer Gefen Withholds Shares
What Happened
Lynn K. Gefen, Chief People and Legal Officer of TerrAscend Corp. (TSNDF), had a total of 13,003 shares withheld by the company to satisfy tax withholding on the settlement of restricted share units. On 2026-04-07 the issuer withheld 5,591 shares at $0.62 for $3,466, and on 2026-04-08 it withheld 7,412 shares at $0.66 for $4,892 — about $8,358 combined. This was a tax-withholding disposal (not an open-market sale).
Key Details
- Transaction dates and prices: 2026-04-07 — 5,591 shares @ $0.62 (reported $3,466); 2026-04-08 — 7,412 shares @ $0.66 (reported $4,892).
- Total shares withheld: 13,003; total value reported ≈ $8,358.
- Shares owned after the transaction: not specified in the summary provided.
- Footnote: Shares were withheld by the issuer to satisfy the reporting person’s tax withholding obligations in connection with settlement of restricted share units under the company’s equity plan (footnote F1).
- Filing: Form 4 filed 2026-04-09 for transactions on 2026-04-07 and 2026-04-08 — the filing appears timely.
Context
This was a routine tax-withholding action tied to RSU settlement (a common cashless-style settlement), not an open-market sale or a new purchase. Such withholdings are administrative and do not necessarily indicate insider buying or selling sentiment.
Insider Transaction Report
- Tax Payment
Common Shares
[F1]2026-04-07$0.62/sh−5,591$3,466→ 1,089,127 total - Tax Payment
Common Shares
[F1]2026-04-08$0.66/sh−7,412$4,892→ 1,081,715 total
Footnotes (1)
- [F1]Shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the settlement of restricted share units pursuant to an equity plan administered by the Issuer.