Canopy Growth (CGC) director uses 22,674 shares to cover RSU taxes

Rhea-AI Filing Summary

Canopy Growth Corp director David Angelo Lazzarato reported a sale of 22,674 Common Shares at $0.9237 per share. According to the footnote, these shares were disposed of to cover tax obligations tied to the vesting of restricted stock units granted on June 17, 2026. After this transaction, he directly holds 211,859 Common Shares.

Insider Trade Summary

Net Seller: 22,674 shares ($20,944)

Net Sell 1 txn

Insider Lazzarato David Angelo

Role null

Sold 22,674 shs ($21K)

Type	Security	Shares	Price	Value
Sale	Common Shares	22,674	$0.9237	$21K

Holdings After Transaction: Common Shares — 211,859 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares disposed: 22,674 shares Price per share: $0.9237 per share Shares held after transaction: 211,859 shares +1 more

4 metrics

Shares disposed 22,674 shares Common Shares used to cover RSU tax obligations

Price per share $0.9237 per share Reported transaction price for disposed Common Shares

Shares held after transaction 211,859 shares Direct Common Share holdings following disposition

Net shares sold 22,674 shares Net-sell direction per transaction summary

Key Terms

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

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.

tax obligations financial

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

open-market sale financial

"transaction_action: "open-market sale""

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/29/2026 - 04:15 PM Accepted by SEC EDGAR 06/29/2026 - 04:15 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^*

Lazzarato David Angelo

(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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/26/2026		S		22,674(1)	D	$0.9237	211,859	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 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 David Angelo Lazzarato	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)

FAQ

What did Canopy Growth Corp (CGC) director David Angelo Lazzarato report on this Form 4?

He reported disposing of 22,674 Canopy Growth Corp Common Shares. The transaction was priced at $0.9237 per share and was disclosed as a Form 4 insider filing, reflecting a change in his direct share ownership position.

Why were David Angelo Lazzarato’s Canopy Growth (CGC) shares disposed of?

The shares were disposed of to satisfy tax obligations related to vesting restricted stock units. The footnote explains the 22,674 shares were linked to RSUs granted on June 17, 2026, and the disposition was associated with the resulting tax liability.

How many Canopy Growth (CGC) shares did David Angelo Lazzarato dispose of and at what price?

He disposed of 22,674 Common Shares of Canopy Growth Corp. The reported transaction price was $0.9237 per share, indicating an open-market or private sale used in connection with covering tax obligations from RSU vesting.

How many Canopy Growth (CGC) shares does David Angelo Lazzarato hold after this transaction?

Following the reported disposition, he holds 211,859 Common Shares directly. This post-transaction balance reflects his remaining equity position as a director after using 22,674 shares to address tax obligations from the vesting restricted stock units.

Were derivative or option positions reported for David Angelo Lazzarato in this Canopy Growth (CGC) Form 4?

No derivative positions were listed in the derivative summary. The filing focuses on Common Shares tied to restricted stock units, noting 22,674 shares disposed to cover taxes and a remaining direct holding of 211,859 Common Shares after the transaction.