TerrAscend officer shares withheld for RSU taxes

TerrAscend Corp. Chief People and Legal Officer Lynn K. Gefen reported routine share withholdings to cover taxes on equity compensation.

Accepted by SEC EDGAR 04/09/2026 - 04:43 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

TerrAscend Corp. Chief People and Legal Officer Lynn K. Gefen reported routine share withholdings to cover taxes on equity compensation. On two dates, a total of 13,003 Common Shares were withheld by the company to satisfy tax obligations tied to restricted share unit settlement under its equity plan. After these tax-withholding dispositions, Gefen directly holds 1,081,715 Common Shares.

Insider Trade Summary

Exercise Price or Tax Liability: 13,003 shares

Exercise Price or Tax Liability 2 txns

Insider GEFEN LYNN K

Role Chief People and Legal Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Shares	7,412	$0.66	$5K
Exercise Price or Tax Liability	Common Shares	5,591	$0.62	$3K

Holdings After Transaction: Common Shares — 1,081,715 shares (Direct)

Holdings Before and After: Common Shares, 1,094,718 to 1,081,715 shares (Direct)

Footnotes (1)

1. F1. Shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the settlement of restricted share units pursuant to an equity plan administered by the Issuer.

Key Figures

Tax-withholding shares: 13,003 shares First withholding: 7,412 shares at $0.66 Second withholding: 5,591 shares at $0.62 +1 more

4 metrics

Tax-withholding shares 13,003 shares Total Common Shares withheld for taxes across both transactions

First withholding 7,412 shares at $0.66 Common Shares withheld on 2026-04-08 to satisfy tax obligations

Second withholding 5,591 shares at $0.62 Common Shares withheld on 2026-04-07 to satisfy tax obligations

Post-transaction holdings 1,081,715 shares Common Shares directly held by Lynn K. Gefen after transactions

Key Terms

restricted share units, tax withholding obligations, equity plan, tax-withholding disposition

4 terms

restricted share units financial

"in connection with the settlement of restricted share units pursuant to an equity plan"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

tax withholding obligations financial

"to satisfy the Reporting Person's tax withholding obligations in connection with the settlement"

equity plan financial

"restricted share units pursuant to an equity plan administered by the Issuer"

An equity plan is a company program that gives employees, executives or directors a stake in the business through stock, stock options or similar ownership awards, like handing out slices of a pie to people who help bake it. It matters to investors because these grants can motivate key personnel and align their interests with shareholders, but they also increase the number of shares over time and can dilute existing ownership and affect reported earnings.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did TerrAscend (TSNDF) report for Lynn K. Gefen?

TerrAscend reported that Chief People and Legal Officer Lynn K. Gefen had shares withheld to cover tax obligations on equity awards. These were tax-withholding dispositions, not open-market trades, and were connected to the settlement of restricted share units under the company’s equity plan.

How many TerrAscend (TSNDF) shares were withheld for Lynn K. Gefen’s taxes?

A total of 13,003 TerrAscend Common Shares were withheld for Lynn K. Gefen’s tax obligations. The transactions involved 7,412 shares at $0.66 per share and 5,591 shares at $0.62 per share, all tied to restricted share unit settlements.

Did Lynn K. Gefen sell TerrAscend (TSNDF) shares on the open market?

The Form 4 shows no open-market sales by Lynn K. Gefen. Instead, the reported F-code transactions reflect shares withheld by TerrAscend to satisfy tax liabilities related to restricted share unit settlements, which is a common administrative mechanism for equity compensation.

How many TerrAscend (TSNDF) shares does Lynn K. Gefen hold after the tax withholdings?

After the reported tax-withholding transactions, Lynn K. Gefen directly holds 1,081,715 TerrAscend Common Shares. This figure reflects her position following the share withholdings used to pay taxes on recently settled restricted share units under the company’s equity plan.

What does transaction code F mean in TerrAscend (TSNDF) insider filings?

Transaction code F indicates shares were disposed of to pay an exercise price or tax liability. In this TerrAscend filing, it means shares were withheld by the issuer to satisfy Lynn K. Gefen’s tax obligations from restricted share unit settlement under the company’s equity compensation plan.

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

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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^*

GEFEN LYNN K

(Last) (First) (Middle)

C/O TERRASCEND CORP.

77 CITY CENTRE DRIVE, SUITE 501

(Street)

MISSISSAUGA ONTARIO L5B 1M5

(City) (State) (Zip)

CANADA (FEDERAL LEVEL)

(Country)

2. Issuer Name and Ticker or Trading Symbol
TerrAscend Corp. [ TSNDF ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/07/2026

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	04/07/2026		F		5,591(1)	D	$0.62	1,089,127	D
Common Shares	04/08/2026		F		7,412(1)	D	$0.66	1,081,715	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. Shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the settlement of restricted share units pursuant to an equity plan administered by the Issuer.

	/s/ Ari Unterman, Attorney-in-Fact	04/09/2026
	** 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)