SEC Form 4 · accession 0001104659-26-077875
TerrAscend Corp. · TSNDF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
JW Partners, LP
10% Owner
JW Asset Management, LLC
Officer — Executive Chairman · Director · 10% Owner
JW GP, LLC
10% Owner
Jason G. Wild
10% Owner
Period of report
Jun 24, 2026
Accepted (ET)
Jun 25, 2026 · 7:00 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001778129
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Share Option (Right to Buy)F2,F3,F1 | $10.79 | Jun 24, 2026 | D | 200,000 | D | — | Mar 25, 2031 | Common Shares | 200,000 | 0 | D |
| Employee Share Option (Right to Buy)F2,F3,F1 | $0.26 | Jun 24, 2026 | A | 200,000 | A | — | Mar 25, 2031 | Common Shares | 200,000 | 200,000 | D |
| Employee Share Option (Right to Buy)F2,F3,F1 | $3.16 | Jun 24, 2026 | D | 1,000,000 | D | — | Jun 19, 2028 | Common Shares | 1,000,000 | 0 | D |
| Employee Share Option (Right to Buy)F2,F3,F1 | $0.26 | Jun 24, 2026 | A | 1,000,000 | A | — | Jun 19, 2028 | Common Shares | 1,000,000 | 1,000,000 | D |
Explanation of responses
- F1This Form 4 is being filed by JW Asset Management, LLC (the "Advisor") on behalf of itself and JW Partners, LP ("JWP"), JW GP, LLC (the "General Partner"), and Jason G. Wild ("Wild" and, together with the Advisor, JWP, and the General Partner, the "Reporting Persons"). The Advisor serves as the investment advisor of JWP. The General Partner serves as general partner to JWP. Wild is the managing member of the Advisor and the General Partner. Wild is the Trustee for the Wild Family Foundation and the Howard Wild 2012 Grandchildren's Trust.
- F2At the annual general meeting of shareholders (AGM) on June 24, 2025, the shareholders approved the modification of previously-granted options held by employees including the Reporting Person such that, conditional on the Reporting Person's continued employment with the Company for a period of at least 12 months (the "Amendment Service Requirement") from June 24, 2025 (the "Amendment Date"), the original exercise price of such options would be modified to $0.26 per common share (the "Market Price"), calculated as the volume weighted average trading price of the Common Shares on the TSX for the five trading days immediately preceding the Amendment Date.
- F3On June 24, 2026, the Amendment Service Requirement was satisfied and the original exercise price of the options was automatically modified to the Market Price. All other terms and conditions of the option, including the expiration date, remain unmodified, including the vesting terms as set forth in the Issuer's definitive proxy statement filed on April 28, 2025.
Remarks
Exhibit 99 - Information Regarding Joint Filers