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Curaleaf Announces Executive Automatic Securities Disposition Plan

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Curaleaf Holdings (OTCQX: CURLF), a leading international cannabis products provider, announced that Executive Vice Chairman Joseph F. Lusardi has established an Automatic Securities Disposition Plan (ASDP) effective September 30, 2025.

The ASDP will facilitate the orderly exercise of options expiring in March 2026 and the sale of some subordinate voting shares to cover anticipated taxes. Sales will begin on January 2, 2026, continuing over three months at prevailing market prices.

The plan follows securities regulations and company trading policies, allowing pre-arranged share sales when executives aren't privy to undisclosed material information. An independent broker will execute trades within set parameters, with no further input from Lusardi.

Curaleaf Holdings (OTCQX: CURLF), fornitore internazionale leader di prodotti a base cannabis, ha annunciato che l'Executive Vice Chairman Joseph F. Lusardi ha istituito un Automatic Securities Disposition Plan (ASDP) efficace dal 30 settembre 2025.

L'ASDP faciliterà l'esercizio ordinato delle opzioni in scadenza a marzo 2026 e la vendita di alcune azioni con diritto di voto subordinato per coprire le tasse previste. Le vendite inizieranno 1 gennaio 2026 e proseguiranno per tre mesi al prezzo di mercato vigente.

Il piano è conforme alle normative sui valori mobiliari e alle politiche di trading dell'azienda, permettendo vendite di azioni preprogrammate quando i dirigenti non hanno accesso a informazioni materiali non divulgate. Un broker indipendente eseguirà le operazioni entro parametri stabiliti, senza ulteriori input da parte di Lusardi.

Curaleaf Holdings (OTCQX: CURLF), proveedor internacional líder de productos de cannabis, anunció que el Vicepresidente Ejecutivo Joseph F. Lusardi ha establecido un Automatic Securities Disposition Plan (ASDP) con efecto a partir del 30 de septiembre de 2025.

El ASDP facilitará el ejercicio ordenado de las opciones que vencen en marzo de 2026 y la venta de algunas acciones con derecho de voto subordinado para cubrir impuestos previstos. Las ventas comenzarán el 2 de enero de 2026 y continuarán durante tres meses a los precios de mercado vigentes.

El plan cumple con las regulaciones de valores y las políticas de negociación de la empresa, permitiendo ventas de acciones preacordadas cuando los ejecutivos no disponen de información material no divulgada. Un corredor independiente ejecutará las operaciones dentro de los parámetros establecidos, sin más intervención por parte de Lusardi.

Curaleaf Holdings (OTCQX: CURLF)는 국제 선도적인 대마초 제품 공급업체로서, Joseph F. Lusardi 상무부회장이 Automatic Securities Disposition Plan (ASDP)를 2025년 9월 30일부로 발효한다고 발표했습니다.

ASDP는 2026년 3월 만료 옵션의 순조로운 행사와 예상 세금을 충당하기 위한 일부 종속 의결권 주식의 매도를 촉진합니다. 매매는 2026년 1월 2일에 시작되며 시장가로 3개월에 걸쳐 계속됩니다.

계획은 증권 규정과 회사의 거래 정책을 따르며, 경영진이 비공개 중요한 정보를 알고 있지 않을 때 사전에 정해진 주식을 매각할 수 있도록 합니다. 독립 브로커가 설정된 매개변수 내에서 거래를 실행하며 Lusardi의 추가 입력은 필요하지 않습니다.

Curaleaf Holdings (OTCQX: CURLF), un fournisseur international de produits à base de cannabis, a annoncé que le Vice-président exécutif Joseph F. Lusardi a établi un Automatic Securities Disposition Plan (ASDP) en vigueur à partir du 30 septembre 2025.

L'ASDP facilitera l'exercice ordonné des options arrivant à échéance en mars 2026 et la vente de certaines actions à droit de vote subordonné pour couvrir les impôts prévus. Les ventes commenceront le 2 janvier 2026 et se dérouleront sur trois mois au prix du marché en vigueur.

Le plan respecte les réglementations sur les valeurs mobilières et les politiques de négociation de l'entreprise, permettant des ventes d'actions préarrangées lorsque les dirigeants ne disposent pas d'informations matérielles non divulguées. Un courtier indépendant exécutera les transactions selon des paramètres fixés, sans autre intervention de Lusardi.

Curaleaf Holdings (OTCQX: CURLF), ein führender internationaler Anbieter von Cannabisprodukten, gab bekannt, dass der Executive Vice Chairman Joseph F. Lusardi ein Automatic Securities Disposition Plan (ASDP) mit Wirkung zum 30. September 2025 eingerichtet hat.

Der ASDP wird das ordentliche Ausüben von Optionen, die im März 2026 verfallen ermöglichen und den Verkauf einiger untergeordneter Stimmrechtsanteile zur Deckung erwarteter Steuern erleichtern. Verkäufe beginnen am 2. Januar 2026 und dauern über drei Monate zu geltendem Marktpreis.

Der Plan folgt Wertpapiergesetzen und den Handelspolitiken des Unternehmens und erlaubt vorab vereinbarte Aktienverkäufe, wenn Führungskräfte nicht über nicht offengelegte wesentliche Informationen verfügen. Ein unabhängiger Broker führt die Geschäfte innerhalb festgelegter Parameter aus, ohne dass Lusardi weiter eingreift.

Curaleaf Holdings (OTCQX: CURLF)، مزود رائد دوليًا لمنتجات القنب، أعلن أن نائب رئيس المجلس التنفيذي Joseph F. Lusardi أنشأ خطة تصريف أوراق مالية تلقائية (ASDP) سارية اعتبارًا من 30 سبتمبر 2025.

ستُسهّل الـ الممارسة النظامية للخيارات التي تنتهي صلاحيتها في مارس 2026 وبيع بعض أسهم التصويت الثانوية لتغطية الضرائب المتوقعة. ستبدأ المبيعات في 2 يناير 2026 وتستمر لمدة ثلاثة أشهر بأسعار السوق السائدة.

تتوافق الخطة مع لوائح الأوراق المالية وسياسات تداول الشركة، وتتيح مبيعات الأسهم المرتبة مسبقًا حين لا يكون التنفيذيون على علم بمعلومات مادية غير مكشوفة. سينفذها سمسار مستقل ضمن معايير محددة، دون أي تدخل إضافي من Lusardi.

Curaleaf Holdings (OTCQX: CURLF),一家领先的国际大麻产品供应商,宣布执行副主席 Joseph F. Lusardi 已设立 Automatic Securities Disposition Plan (ASDP),自 2025 年 9 月 30 日起生效。

ASDP 将促成 到期日为 2026 年 3 月的期权的有序行使,并为覆盖预计税费而出售部分附带投票权的股份。出售将于 2026 年 1 月 2 日 开始,在随后的三个月内按当时市场价格进行。

该计划遵循证券监管规定和公司交易政策,允许在高管未获悉未披露的重要信息时进行事先安排的股票出售。由独立经纪人按设定参数执行交易, Lusardi 不再提供进一步输入。

Positive
  • Structured and compliant approach to executive share sales through ASDP
  • Independent broker oversight ensures transparent and regulated trading process
  • Plan allows for orderly liquidation of expiring options
Negative
  • Potential selling pressure on stock during the three-month disposition period
  • Insider reduction in ownership stake

STAMFORD, Conn., Oct. 1, 2025 /PRNewswire/ -- Curaleaf Holdings, Inc. (TSX: CURA / OTCQX: CURLF) ("Curaleaf" or the "Company"), a leading international provider of consumer cannabis products, today announced that effective as of September 30, 2025, Mr. Joseph F. Lusardi, the Company's Executive Vice Chairman, has established an automatic securities disposition plan ("ASDP") in accordance with applicable United States and Canadian securities legislation and the Company's trading policies. The ASDP will allow for an orderly exercise of options set to expire in March 2026, and the sale of a portion of the acquired subordinate voting shares in the Company (the "Subordinate Voting Shares") currently owned by Mr. Lusardi to cover anticipated taxes. The Subordinate Voting Shares will be sold at prevailing market prices, and sales may commence on January 2, 2026 and continue over the course of a three-month period.

Under United States and Canadian securities laws and the Company's trading policies, insiders of Curaleaf are subject to limits on their ability to sell shares in the Company. ASDPs address this issue by permitting trades to be made in accordance with pre-arranged instructions given when executives are not in possession of any material undisclosed information. Canadian securities laws permit insiders to adopt ASDPs to sell, donate or otherwise transfer shares in the future in accordance with the pre-arranged terms of their ASDP, on an automatic basis, regardless of any subsequent material non-public information they receive. Once an ASDP is established, the insider is not permitted to exercise any further discretion or influence over how dispositions will occur under the ASDP.

Sales of Subordinate Voting Shares under the ASDP will be effected by an independent securities broker in accordance with the trading parameters, price and volume limits and other instructions set out in the ASDP. Therefore, it is possible that not all shares subject to the ASDP will be sold during the term of the ASDP. The ASDP prohibits the broker administering such ASDP from consulting with Mr. Lusardi regarding any sales under the ASDP and prohibits Mr. Lusardi from disclosing to the broker any information concerning the Company that might influence the execution of the ASDP. The ASDP has been authorized and established in the form approved by the compensation committee of the Company and contains meaningful restrictions on the ability of Mr. Lusardi to amend, suspend or terminate the applicable ASDP.

Dispositions by Mr. Lusardi under the ASDP will be reported in accordance with applicable securities laws. Each such filing will bear a notation to advise readers that the disposition is related to an ASDP. Information regarding each ASDP and transactions thereunder, as the case may be, may be accessed on SEDI at www.sedi.ca.

This announcement is made pursuant to the recommended practices set forth in Staff Notice 55-317 – Automatic Securities Disposition Plans of the Canadian Securities Administrators and will be available under the Company's SEDAR profile at www.SEDAR.ca.

About Curaleaf Holdings
Curaleaf Holdings, Inc. (TSX: CURA) (OTCQX: CURLF) ("Curaleaf") is a leading international provider of consumer products in cannabis with a mission to enhance lives by cultivating, sharing and celebrating the power of the plant. As a high-growth cannabis company known for quality, expertise and reliability, the Company and its brands, including Curaleaf, Select, Grassroots, Find, Anthem and The Hemp Company provide industry-leading service, product selection and accessibility across the medical and adult use markets. Curaleaf International is powered by a strong presence in all stages of the supply chain. Its unique distribution network throughout Europe, Canada and Australasia brings together pioneering science and research with cutting-edge cultivation, extraction and production. Curaleaf is listed on the Toronto Stock Exchange under the symbol CURA and trades on the OTCQX market under the symbol CURLF. For more information, please visit https://ir.curaleaf.com.

Investor Contact:
Curaleaf Holdings, Inc.
Camilo Lyon, Chief Investment Officer 
IR@curaleaf.com

Media Contact:
MATTIO Communications 
MattioCuraleaf@Mattio.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/curaleaf-announces-executive-automatic-securities-disposition-plan-302573040.html

SOURCE Curaleaf Holdings, Inc.

FAQ

When will Joseph Lusardi's CURLF stock sales begin under the new ASDP?

The stock sales under Lusardi's ASDP will begin on January 2, 2026 and continue over a three-month period.

Why is Curaleaf's Executive Vice Chairman selling shares through an ASDP?

The ASDP is established to allow for an orderly exercise of options expiring in March 2026 and to sell shares to cover anticipated taxes.

How long will Curaleaf's Executive Vice Chairman's ASDP remain active?

The ASDP will be active for a three-month period starting January 2, 2026.

Who oversees the trading of CURLF shares under the ASDP?

An independent securities broker will execute the trades according to pre-set trading parameters, price and volume limits, without consultation with Lusardi.

What restrictions are placed on Lusardi under Curaleaf's ASDP?

Lusardi is prohibited from consulting with the broker about sales and cannot disclose company information that might influence the ASDP execution.
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Drug Manufacturers - Specialty & Generic
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