Canopy Growth (CGC) CFO sells shares to meet tax obligations

Rhea-AI Filing Summary

Canopy Growth Corp (CGC) reported that its Chief Financial Officer and Chief Accounting Officer, as the reporting person, sold 2,231 Common Shares on August 24, 2026 at a price of C$1.47 per share. According to the footnotes, these shares were originally granted as RSUs on February 13, 2024 and the disposition was made to satisfy the reporting person’s tax obligations upon vesting. After this transaction, the reporting person directly holds 614,167 Common Shares.

Insider Trade Summary

Net Seller: 2,231 shares

Net Sell 1 txn

Insider Stewart Thomas Carlton

Role See Remarks

Sold 2,231 shs ($3K)

Type	Security	Shares	Price	Value
Sale	Common Shares F1, F2	2,231	$1.47	$3K

Holdings After Transaction: Common Shares — 614,167 shares (Direct)

Footnotes (2)

1. F1. The shares reported as disposed herein were granted on February 13, 2024 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.
2. F2. Price expressed in Canadian dollars, rounded to the nearest one hundredth.

Key Figures

Shares sold: 2,231 Common Shares Sale price per share: C$1.47 per share Shares held after transaction: 614,167 Common Shares +1 more

4 metrics

Shares sold 2,231 Common Shares Non-derivative sale on August 24, 2026

Sale price per share C$1.47 per share Price expressed in Canadian dollars, rounded to nearest one hundredth

Shares held after transaction 614,167 Common Shares Direct ownership following reported sale

Net shares sold 2,231 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

"The 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

"The disposition of shares is associated with tax obligations ... 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

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

FAQ

What insider transaction did CGC report in this Form 4?

CGC reported that its Chief Financial Officer and Chief Accounting Officer, as the reporting person, disposed of 2,231 Common Shares on August 24, 2026, in a sale transaction associated with tax obligations arising from the vesting of previously granted RSUs.

At what price were the CGC shares sold in this insider transaction?

The 2,231 CGC Common Shares were sold at a price of C$1.47 per share, with the price expressed in Canadian dollars and rounded to the nearest one hundredth, as stated in the filing footnote.

How many CGC shares does the reporting person hold after this transaction?

Following the reported sale, the reporting person directly holds 614,167 Common Shares of Canopy Growth Corp, as shown in the post-transaction holdings field of the Form 4.

Why were the CGC shares disposed of by the reporting person?

The filing states that the disposed shares were granted as restricted stock units (RSUs) on February 13, 2024 and that the disposition is associated with the reporting person’s tax obligations related to the vesting of those RSUs.

Were the CGC insider transactions made under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not checked, meaning the reported transaction was not affirmed as being made pursuant to a Rule 10b5-1 trading plan.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/25/2026 - 05:40 PM Accepted by SEC EDGAR 08/25/2026 - 05:40 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)
08/24/2026

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	08/24/2026		S		2,231(1)	D	$1.47(2)	614,167	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 February 13, 2024 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.

2. Price expressed in Canadian dollars, rounded to the nearest one hundredth.

Remarks:

Chief Financial Officer and Chief Accounting Officer

	/s/ Shai Marshall, Attorney-in-fact for Thomas Stewart Carlton	08/25/2026
	** 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)