Was the CGC insider sale by Theresa Yanofsky an open-market trade or tax-related?

The transaction is coded as a sale but the footnote states it is associated with tax obligations from RSU vesting. This indicates the disposition was driven by tax requirements on recently vested restricted stock units, rather than a typical discretionary open-market sale decision.

Tax-driven share sale by Canopy Growth Corp (CGC) director Theresa Yanofsky

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Yanofsky Theresa reported open-market sale transactions in this Form 4 filing.

Canopy Growth Corp director Theresa Yanofsky disposed of 15,054 common shares on June 26, 2026 at $0.9237 per share. The filing explains these shares were granted as restricted stock units on June 17, 2026 and the disposition was tied to tax obligations arising from the RSU vesting, making this a compensation- and tax-related event rather than a purely discretionary trade. Following the transaction, Yanofsky directly holds 146,415 common shares.

Insider Trade Summary

Net Seller: 15,054 shares ($13,905)

Net Sell 1 txn

Insider Yanofsky Theresa

Role null

Sold 15,054 shs ($14K)

Type	Security	Shares	Price	Value
Sale	Common Shares	15,054	$0.9237	$14K

Holdings After Transaction: Common Shares — 146,415 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares disposed: 15,054 shares Sale price: $0.9237 per share Shares held after transaction: 146,415 shares +1 more

4 metrics

Shares disposed 15,054 shares Common Shares sold on June 26, 2026

Sale price $0.9237 per share Price for 15,054 Common Shares

Shares held after transaction 146,415 shares Direct Common Share ownership after sale

RSU grant date June 17, 2026 Date RSUs underlying disposed shares were granted

Key Terms

restricted stock units ("RSUs"), open-market sale, tax obligations

3 terms

restricted stock units ("RSUs") financial

"The shares reported as disposed herein were granted on June 17, 2026, in the form of restricted stock units ("RSUs")."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

open-market sale financial

"transaction_action: "open-market sale" for Common Shares on June 26, 2026."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

tax obligations financial

"The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of the RSUs."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 04:16 PM Accepted by SEC EDGAR 06/29/2026 - 04:16 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Yanofsky Theresa

(Last)

(First)

(Middle)

C/O CANOPY GROWTH CORPORATION

1 HERSHEY DRIVE

(Street)

SMITHS FALLS

K7A 0A8

(City)

(State)

(Zip)

ONTARIO, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Canopy Growth Corp [ CGC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	06/26/2026		S		15,054⁽¹⁾	D	$0.9237	146,415	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The shares reported as disposed herein were granted on June 17, 2026, in the form of restricted stock units ("RSUs"). The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of the RSUs.

	/s/ Shai Marshall, Attorney-in-fact for Theresa Yanofsky	06/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Canopy Growth Corp (CGC) report for Theresa Yanofsky?

Theresa Yanofsky reported disposing of 15,054 Canopy Growth Corp common shares. The transaction occurred on June 26, 2026 at $0.9237 per share and was linked to tax obligations arising from the vesting of restricted stock units granted on June 17, 2026.

How many Canopy Growth (CGC) shares does Theresa Yanofsky hold after this Form 4 transaction?

After the reported transaction, Theresa Yanofsky holds 146,415 Canopy Growth Corp common shares directly. This post-transaction balance shows that the 15,054-share disposition represented only a portion of her total ownership position disclosed in the Form 4 filing.

What price was received for the Canopy Growth (CGC) shares sold in this insider filing?

The 15,054 Canopy Growth Corp common shares were sold at $0.9237 per share. This price is reported as the transaction price per share in the Form 4, describing the consideration received in connection with the tax-related disposition of RSU shares.

How are restricted stock units (RSUs) involved in this Canopy Growth (CGC) Form 4?

The footnote states the disposed shares were granted on June 17, 2026 as restricted stock units. When these RSUs vested, associated tax obligations arose, and the reported disposition of 15,054 shares was made to address those tax requirements tied to the RSU vesting event.

Does Theresa Yanofsky’s CGC Form 4 indicate any remaining derivative or RSU positions?

The derivative position summary for this Form 4 is empty, indicating no additional derivative transactions were reported in this filing. The disclosure focuses on the tax-related disposition of shares from vested restricted stock units and the resulting direct common share holdings.