TerrAscend (TSNDF) legal chief awarded 540K RSUs; 50K shares withheld for taxes

Rhea-AI Filing Summary

TerrAscend Corp. reported that Chief People and Legal Officer Lynn K. Gefen received an award of 540,254 restricted share units (RSUs) on common shares, which will vest in equal annual installments over four years starting on April 3, 2026, subject to continued service. In a related move, 50,879 common shares were withheld by the company at $0.68 per share to cover tax obligations tied to RSU settlement. After these transactions, Gefen directly holds 1,094,718 common shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider GEFEN LYNN K

Role Chief People and Legal Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	50,879	$0.68	$35K
Grant/Award	Common Shares	540,254	$0.00	--

Holdings After Transaction: Common Shares — 1,094,718 shares (Direct)

Footnotes (1)

1. Represents an award of restricted share units ("RSUs"), which shall vest in equal annual installments over a four-year period commencing on April 3, 2026. The vesting of the RSUs is subject to the Reporting Person's continuous service through each such vesting date. Shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the settlement of RSUs pursuant to an equity plan administered by the Issuer.

Key Figures

RSU award: 540,254 RSUs Tax withholding shares: 50,879 shares Withholding reference price: $0.68 per share +1 more

4 metrics

RSU award 540,254 RSUs Granted on April 3, 2026 vesting start date noted in award

Tax withholding shares 50,879 shares Shares withheld to satisfy tax obligations on RSU settlement

Withholding reference price $0.68 per share Value used for tax-withholding disposition of 50,879 shares

Post-transaction holdings 1,094,718 shares Direct common shares held after tax-withholding transaction

Key Terms

restricted share units ("RSUs"), vest in equal annual installments, tax withholding obligations, equity plan, +1 more

5 terms

restricted share units ("RSUs") financial

"Represents an award of restricted share units ("RSUs"), which shall vest in equal annual installments"

vest in equal annual installments financial

"which shall vest in equal annual installments over a four-year period"

tax withholding obligations financial

"Shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations"

equity plan financial

"in connection with the settlement of RSUs 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.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

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
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)
04/03/2026

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	04/03/2026		A		540,254(1)	A	$0	1,145,597	D
Common Shares	04/04/2026		F		50,879(2)	D	$0.68	1,094,718	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. Represents an award of restricted share units ("RSUs"), which shall vest in equal annual installments over a four-year period commencing on April 3, 2026. The vesting of the RSUs is subject to the Reporting Person's continuous service through each such vesting date.

2. Shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the settlement of RSUs pursuant to an equity plan administered by the Issuer.

	/s/ Ari Unterman, Attorney-in-Fact	04/07/2026
	** 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 insider transactions did TerrAscend (TSNDF) report for Lynn K. Gefen?

TerrAscend reported that Chief People and Legal Officer Lynn K. Gefen received 540,254 RSUs and had 50,879 common shares withheld to cover tax obligations. After these compensation-related transactions, Gefen directly holds 1,094,718 TerrAscend common shares.

Is the TerrAscend (TSNDF) Form 4 transaction a stock sale by Lynn K. Gefen?

The filing shows no open-market stock sale by Lynn K. Gefen. Shares were withheld by TerrAscend to satisfy tax obligations on RSU settlement, which is a non-market tax-withholding disposition rather than a discretionary sale into the open market.

How do Lynn K. Gefen’s new RSUs at TerrAscend (TSNDF) vest?

Gefen’s 540,254 RSU award vests in equal annual installments over four years, beginning April 3, 2026. Each installment requires her continuous service with TerrAscend through the applicable vesting date before the RSUs convert into common shares.

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

TerrAscend withheld 50,879 common shares at $0.68 per share to cover Lynn K. Gefen’s tax obligations. This withholding occurred in connection with the settlement of RSUs granted under an equity compensation plan administered by the company.

What is Lynn K. Gefen’s TerrAscend (TSNDF) shareholding after the reported Form 4?

Following the RSU grant and related tax-withholding disposition, Lynn K. Gefen directly holds 1,094,718 TerrAscend common shares. This figure reflects her post-transaction position disclosed in the Form 4 and represents only her direct ownership stake.