TerrAscend (TSNDF) CEO reports small tax-withholding share disposition

Rhea-AI Filing Summary

TerrAscend Corp. President and CEO Ziad Ghanem reported a small tax-related share disposition. On the reported date, 3,027 Common Shares were withheld by the company at a price of $0.70 per share to cover his tax withholding obligations tied to restricted share unit settlement. After this withholding, he directly holds 1,613,910 Common Shares, indicating this was a routine compensation-related event rather than an open-market sale.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ghanem Ziad

Role President and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Shares	3,027	$0.70	$2K

Holdings After Transaction: Common Shares — 1,613,910 shares (Direct)

Footnotes (1)

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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^*

Ghanem Ziad

(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)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

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	03/23/2026		F		3,027(1)	D	$0.7	1,613,910	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	03/25/2026
	** 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 transaction did TerrAscend (TSNDF) report for CEO Ziad Ghanem?

TerrAscend reported that CEO Ziad Ghanem had 3,027 Common Shares withheld. The shares were retained by the company to satisfy his tax withholding obligations arising from restricted share unit settlement under an equity compensation plan.

Was the TerrAscend (TSNDF) CEO’s Form 4 transaction an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by TerrAscend to cover Ziad Ghanem’s tax obligations related to vesting restricted share units granted under the company’s equity plan.

How many TerrAscend (TSNDF) shares does CEO Ziad Ghanem hold after this filing?

Following the tax-withholding disposition of 3,027 shares, Ziad Ghanem directly holds 1,613,910 Common Shares. This indicates the reported transaction is small compared with his total direct ownership position in TerrAscend.

What does transaction code “F” mean in the TerrAscend (TSNDF) CEO’s Form 4?

Transaction code “F” on the Form 4 indicates a tax-withholding disposition. TerrAscend withheld 3,027 Common Shares from Ziad Ghanem to satisfy tax liabilities associated with the settlement of restricted share units under its equity compensation plan.

Why did TerrAscend (TSNDF) withhold shares from its CEO instead of paying taxes in cash?

The filing states that shares were withheld to satisfy Ziad Ghanem’s tax withholding obligations. Using shares for tax withholding is a common feature of equity compensation plans, simplifying tax settlement linked to restricted share unit vesting.