Trulieve (TCNNF) Chief Legal Officer receives RSUs and stock options

Rhea-AI Filing Summary

Trulieve Cannabis Corp. reported that Chief Legal Officer Eric Powers received equity-based compensation awards. He was granted stock options for 41,668 subordinate voting shares at an exercise price of $6.40 per share, expiring on March 13, 2033, vesting in three equal annual installments starting December 1, 2026.

Powers also received 58,594 restricted stock units, each representing one subordinate voting share. Half of these RSUs vest on December 1, 2027, and the remaining half on December 1, 2028. Following these awards, he directly owns 245,311 subordinate voting shares, and 1,000 additional shares are held indirectly by his spouse.

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

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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^*

Powers Eric

(Last) (First) (Middle)

C/O TRULIEVE CANNABIS CORP.

3494 MARTIN HURST ROAD

(Street)

TALLAHASSEE FL 32312

(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)
03/13/2026

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	03/13/2026		A		58,594(1)	A	$0	245,311	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
Stock Option (Right to Buy)	$6.4	03/13/2026		A		41,668		(2)	03/13/2033	Subordinate Voting Shares	41,668	$0	41,668	D

Explanation of Responses:

1. Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one Trulieve Cannabis Corp. ("Trulieve") subordinate voting share. 50% of the RSUs will vest on December 1, 2027, and the remaining 50% of the RSUs will vest on December 1, 2028.

2. The option becomes exercisable in three annual installments, with one-third vesting on December 1, 2026, one-third vesting on December 1, 2027, and one-third vesting on December 1, 2028.

	/s/ Eric Powers	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What equity awards did Trulieve (TCNNF) grant to its Chief Legal Officer?

Trulieve granted Chief Legal Officer Eric Powers stock options and restricted stock units as compensation. He received 41,668 options with a $6.40 exercise price and 58,594 RSUs, all tied to subordinate voting shares, with multi-year vesting schedules extending through 2028.

How many Trulieve (TCNNF) stock options did Eric Powers receive and at what price?

Eric Powers received 41,668 Trulieve stock options at an exercise price of $6.40 per subordinate voting share. These options vest in three equal annual installments beginning December 1, 2026, and expire on March 13, 2033, providing long-term equity incentives.

What are the vesting terms of Eric Powers’ RSUs at Trulieve (TCNNF)?

Eric Powers’ 58,594 restricted stock units vest in two stages. According to the disclosure, 50% vest on December 1, 2027, and the remaining 50% vest on December 1, 2028, each RSU delivering one subordinate voting share upon vesting.

How many Trulieve (TCNNF) shares does Eric Powers own after these transactions?

After these awards, Eric Powers directly owns 245,311 Trulieve subordinate voting shares. In addition, 1,000 subordinate voting shares are held indirectly by his spouse, reflecting both his individual and related-party holdings as reported in the insider filing.

Are Eric Powers’ Trulieve (TCNNF) equity awards open-market purchases or compensation grants?

The reported equity awards are compensation-related grants, not open-market purchases. The Form 4 classifies both the stock options and the 58,594 subordinate voting share RSUs as acquisitions via grant or award, each at a $0.00 transaction price per share.

What does the Trulieve (TCNNF) Form 4 reveal about indirect holdings by Eric Powers?

The filing shows 1,000 Trulieve subordinate voting shares held indirectly by Eric Powers’ spouse. These indirect holdings are reported separately from his 245,311 directly owned shares, clarifying the total equity exposure associated with the Chief Legal Officer.