Canopy Growth (CGC) director disposes RSU shares to cover tax obligations

Rhea-AI Filing Summary

ATKINS M SHAN reported open-market sale transactions in this Form 4 filing.

Canopy Growth Corp director M. Shan Atkins disposed of 2,074 common shares on March 31, 2026 at $0.93 per share. According to the disclosure, these shares were originally granted as restricted stock units and the disposition was tied to tax obligations triggered by RSU vesting.

After this tax-related share disposition, Atkins directly holds 41,390 common shares, indicating that only a small portion of her equity position was affected by this routine compensation and tax event.

Insider Trade Summary

Net Seller: 2,074 shares ($1,929)

Net Sell 1 txn

Insider ATKINS M SHAN

Role Director

Sold 2,074 shs ($2K)

Type	Security	Shares	Price	Value
Sale	Common Shares	2,074	$0.93	$2K

Holdings After Transaction: Common Shares — 41,390 shares (Direct)

Footnotes (1)

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Key Figures

Shares disposed: 2,074 shares Price per share: $0.93 per share Shares held after: 41,390 shares

3 metrics

Shares disposed 2,074 shares Common Shares disposed on March 31, 2026

Price per share $0.93 per share Disposition price for Common Shares

Shares held after 41,390 shares Direct holdings following the March 31, 2026 transaction

Key Terms

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

3 terms

restricted stock units ("RSUs") financial

"The shares reported as disposed herein were granted on August 12, 2025, 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 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

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

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

ATKINS M SHAN

(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)
03/31/2026

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	03/31/2026		S		2,074(1)	D	$0.93	41,390	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 August 12, 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.

	/s/ Keith Pisani, Attorney-in-fact for Margaret Shan Atkins	04/02/2026
	** 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 (CGC) director M. Shan Atkins do in this Form 4?

Director M. Shan Atkins disposed of 2,074 Canopy Growth common shares at $0.93 on March 31, 2026. The filing explains this disposition was tied to tax obligations arising from the vesting of previously granted restricted stock units.

Was the Canopy Growth (CGC) insider transaction an open-market sale?

Although coded as a sale, the filing’s footnote states the 2,074 shares were disposed of to satisfy tax obligations from restricted stock unit vesting. That makes this a routine, compensation-related tax event rather than a discretionary open-market sale decision.

How many Canopy Growth (CGC) shares does M. Shan Atkins hold after the transaction?

After the March 31, 2026 disposition, M. Shan Atkins directly holds 41,390 Canopy Growth common shares. This shows the 2,074 shares used for tax obligations represent a relatively small portion of her overall reported equity position.

What price was received for the Canopy Growth (CGC) shares disposed on March 31, 2026?

The 2,074 Canopy Growth common shares were disposed of at $0.93 per share. The filing links this transaction to taxes owed on the vesting of restricted stock units that had been granted as part of prior equity compensation.

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

The footnote explains the disposed shares came from restricted stock units granted on August 12, 2025. When those RSUs vested, a portion of the resulting shares was disposed of to cover the reporting person’s associated tax obligations.