Canopy Growth (CGC) officer gains major equity awards, sells shares to cover tax

Rhea-AI Filing Summary

Canopy Growth Corp officer Christelle Gedeon reported a mix of equity compensation and related share sales. She received 396,012 Common Shares as a grant at no cost and a stock option for 484,122 Common Shares with a $0.99 exercise price, vesting in three equal annual installments from June 17, 2026 and expiring in 2032. On the same date, she disposed of 58,994 Common Shares at an average price of $0.9741; footnotes state this disposition was associated with tax obligations tied to the vesting of previously granted restricted stock units, indicating it was a tax-related transaction rather than a discretionary sale. Following these movements, her reported direct ownership in Common Shares increased to 764,500 shares, and she holds the newly granted options over 484,122 shares.

Insights

Equity compensation analyst

Routine equity awards offset a tax-driven share sale.

The filing shows Christelle Gedeon receiving sizeable equity compensation from Canopy Growth Corp: 396,012 Common Shares and options over 484,122 shares at an exercise price of $0.99 per share, vesting annually over three years.

The same-day disposition of 58,994 Common Shares at $0.9741 per share is described as tied to tax obligations from restricted stock unit vesting. Such tax-related sales typically reflect withholding needs rather than a change in outlook on CGC shares.

After these transactions, she directly holds 764,500 Common Shares plus 484,122 options expiring in 2032. Overall, this appears to be standard equity compensation and tax management activity, with limited standalone signaling value for investors.

Insider Trade Summary

Net Seller: 58,994 shares ($57,466)

Net Sell 3 txns

Insider Gedeon Christelle

Role See Remarks

Sold 58,994 shs ($57K)

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	484,122	$0.00	--
Grant/Award	Common Shares	396,012	$0.00	--
Sale	Common Shares	58,994	$0.9741	$57K

Holdings After Transaction: Stock Option — 484,122 shares (Direct, null); Common Shares — 764,500 shares (Direct, null)

Footnotes (1)

1. The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of restricted stock units. The shares reported as disposed herein were granted on June 10, 2024 and June 3, 2025 in the form of RSUs. The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of the RSUs. The options vest in three equal, annual installments on the first, second and third anniversaries of the grant date of June 17, 2026.

Key Figures

Shares sold: 58,994 shares Sale price: $0.9741 per share Share grant: 396,012 shares +4 more

7 metrics

Shares sold 58,994 shares Common Shares sold at $0.9741 on June 17, 2026

Sale price $0.9741 per share Average price for 58,994 Common Shares sold

Share grant 396,012 shares Common Shares granted at $0.00 on June 17, 2026

Options granted 484,122 options Stock options over 484,122 Common Shares granted

Option exercise price $0.99 per share Conversion or exercise price for new stock options

Option expiry June 17, 2032 Expiration date of stock options granted June 17, 2026

Shares owned after 764,500 shares Direct Common Share holdings after grants and sale

Key Terms

restricted stock units, stock option, vesting, grant, +1 more

5 terms

restricted stock units financial

"The disposition of shares is associated with tax obligations ... with the vesting of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

stock option financial

"security_title: Stock Option ... underlying security title: Common Shares."

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

vesting financial

"The options vest in three equal, annual installments on the first, second and third anniversaries."

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.

grant financial

"The shares reported as disposed herein were granted on June 10, 2024 and June 3, 2025 in the form of RSUs."

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 06/22/2026 - 04:32 PM Accepted by SEC EDGAR 06/22/2026 - 04:31 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^*

Gedeon Christelle

(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)
06/17/2026

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	06/17/2026		A		396,012(1)	A	$0	764,500	D
Common Shares	06/17/2026		S		58,994(2)	D	$0.9741	705,506	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
Stock Option	$0.99	06/17/2026		A		484,122		(3)	06/17/2032	Common Shares	484,122	$0	484,122	D

Explanation of Responses:

1. The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of restricted stock units.

2. The shares reported as disposed herein were granted on June 10, 2024 and June 3, 2025 in the form of RSUs. The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of the RSUs.

3. The options vest in three equal, annual installments on the first, second and third anniversaries of the grant date of June 17, 2026.

Remarks:

Chief Legal Officer and Corporate Secretary

	/s/ Keith Pisani, Attorney-in-fact for Christelle Gedeon	06/22/2026
	** 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)