Canopy CFO sells 25,755 shares at $0.93

Canopy Growth’s CFO reported a tax-related disposition of RSU shares, retaining 588,412 common shares afterward.

Rhea-AI Filing Summary

Canopy Growth Corp (symbol: CGC) is the issuer of record for a Form 4 filing submitted to the SEC. Stewart Thomas Carlton reported reported sale transactions in this Form 4 filing.

Canopy Growth Corp (CGC) reported that its Chief Financial Officer and Chief Accounting Officer, Thomas Carlton Stewart, disposed of 25,755 Common Shares on September 17, 2026 at $0.93 per share. The shares were originally granted as restricted stock units and the disposition is associated with the officer’s tax obligations upon vesting. Following this transaction, he directly holds 588,412 Common Shares.

Insider Trade Summary

Net Seller: 25,755 shares

Net Sell 1 txn

Insider Stewart Thomas Carlton

Role See Remarks

Sold 25,755 shs ($24K)

Type	Security	Shares	Price	Value
Sale	Common Shares F1	25,755	$0.93	$24K

Holdings After Transaction: Common Shares — 588,412 shares (Direct)

Footnotes (1)

1. F1. The shares reported as disposed herein were granted on September 17, 2025 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.

Key Figures

Shares disposed: 25,755 shares Price per share: $0.93 per share Shares held after transaction: 588,412 shares +1 more

4 metrics

Shares disposed 25,755 shares Common Shares disposed of on September 17, 2026

Price per share $0.93 per share Reported disposition price for the 25,755 shares

Shares held after transaction 588,412 shares Direct Common Share holdings after the reported disposition

Net shares sold in filing 25,755 shares Net sell direction across all reported transactions in this Form 4

Key Terms

restricted stock units ("RSUs"), vesting, tax obligations

3 terms

restricted stock units ("RSUs") financial

"shares reported as disposed herein were granted ... 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.

vesting financial

"tax obligations of the reporting person associated with the vesting of the RSUs"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

tax obligations financial

"disposition of shares is associated with tax obligations of the reporting person"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Canopy Growth Corp (CGC) disclose in this Form 4?

The filing reports that the Chief Financial Officer and Chief Accounting Officer disposed of 25,755 Common Shares of Canopy Growth Corp on September 17, 2026, in a transaction reported as a sale.

At what price were the CGC shares disposed of in the reported transaction?

The 25,755 Common Shares were reported as disposed of at a price of $0.93 per share, described as a sale in open market or private transaction.

Why were the CGC shares disposed of by the officer according to the Form 4?

The footnote states the shares were originally granted as restricted stock units ("RSUs") on September 17, 2025, and that the disposition of shares is associated with tax obligations of the reporting person related to the vesting of those RSUs.

How many CGC shares does the reporting officer hold after this Form 4 transaction?

After the reported disposition, the officer directly holds 588,412 Common Shares of Canopy Growth Corp, as stated in the post-transaction holdings figure.

Was the CGC insider transaction made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 indicator is false, meaning the box affirming that the reported transactions were made pursuant to a Rule 10b5-1 trading plan was not checked.

What type of securities were involved in this CGC Form 4 transaction?

The transaction involved Common Shares of Canopy Growth Corp that were originally granted in the form of restricted stock units ("RSUs") on September 17, 2025, and later vested, triggering tax-related share disposition.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/17/2026 - 06:45 PM Accepted by SEC EDGAR 09/17/2026 - 06:44 PM Learn about SEC filing dates

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^*

Stewart Thomas Carlton

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	09/17/2026		S		25,755(1)	D	$0.93	588,412	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares reported as disposed herein were granted on September 17, 2025 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.

Remarks:

Chief Financial Officer and Chief Accounting Officer

	/s/ Shai Marshall, Attorney-in-fact for Thomas Stewart Carlton	09/17/2026
	** 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)