Trulieve Cannabis (TCNNF) Chief Legal Officer reports 18,206-share RSU tax withholding

Rhea-AI Filing Summary

Trulieve Cannabis Corp. Chief Legal Officer reports tax-related share withholding

Trulieve Cannabis Corp. officer Eric Powers, the company’s Chief Legal Officer, reported a routine transaction involving the company’s subordinate voting shares. On December 1, 2025, 18,206 subordinate voting shares were withheld at a price of $5.39 per share to cover tax liabilities arising from the vesting of previously granted restricted stock units. This did not represent an open-market sale.

After this withholding, Powers beneficially owns 186,717 subordinate voting shares directly and an additional 1,000 subordinate voting shares indirectly through his spouse. The filing is made on Form 4 and reflects equity compensation and related tax settlement rather than a discretionary trade.

Insider Trade Summary

Net Seller: 18,206 shares

Net Sell 2 txns

Insider Powers Eric

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Subordinate Voting Shares	18,206	$5.39	$98K
holding	Subordinate Voting Shares	--	--	--

Holdings After Transaction: Subordinate Voting Shares — 186,717 shares (Direct); Subordinate Voting Shares — 1,000 shares (Indirect, By Spouse)

Footnotes (1)

1. F1. Represents shares withheld for payment of tax liability in connection with vesting of restricted stock units ("RSUs") on December 1, 2025, the grant of which RSUs to the reporting person were previously reported on Form 4.

FAQ

What insider transaction did Trulieve Cannabis Corp. (TCNNF) disclose in this Form 4?

The Chief Legal Officer, Eric Powers, reported the withholding of 18,206 subordinate voting shares on December 1, 2025 to satisfy tax liabilities from vested RSUs.

Was the Trulieve (TCNNF) Form 4 transaction an open-market sale?

No. The Form 4 states the 18,206 shares represent shares withheld for payment of tax liability related to restricted stock units vesting, rather than a discretionary market sale.

How many Trulieve Cannabis (TCNNF) shares does Eric Powers own after the reported transaction?

Following the reported transaction, Eric Powers beneficially owns 186,717 subordinate voting shares directly and 1,000 subordinate voting shares indirectly through his spouse.

What is Eric Powers role at Trulieve Cannabis Corp. (TCNNF)?

Eric Powers is reported as an officer of Trulieve Cannabis Corp., serving as the companys Chief Legal Officer.

What was the price used for the Trulieve (TCNNF) tax withholding shares?

The 18,206 subordinate voting shares withheld for tax purposes were reported at a price of $5.39 per share.

Why did Trulieve Cannabis (TCNNF) restricted stock units trigger a Form 4 filing?

The vesting of previously granted restricted stock units (RSUs) to Eric Powers led to share withholding for taxes, which changed his beneficial ownership and therefore required disclosure on Form 4.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 12/08/2025 - 04:59 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^*

Powers Eric

(Last) (First) (Middle)

C/O TRULIEVE CANNABIS CORP.

6749 BEN BOSTIC ROAD

(Street)

QUINCY FL 32351

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Trulieve Cannabis Corp. [ TRUL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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
Subordinate Voting Shares	12/01/2025		F		18,206(1)	D	$5.39	186,717	D
Subordinate Voting Shares								1,000	I	By Spouse

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. Represents shares withheld for payment of tax liability in connection with vesting of restricted stock units ("RSUs") on December 1, 2025, the grant of which RSUs to the reporting person were previously reported on Form 4.

	/s/ Eric Powers	12/08/2025
	** 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.