SEC Form 4 · accession 0002064832-26-000245
TerrAscend Corp. · TSNDF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Edward J Schutter
Director
Period of report
Jun 23, 2026
Accepted (ET)
Jun 25, 2026 · 7:07 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001778129
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common SharesF1 | holding | — | — | — | 2,451,337 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible DebenturesF2,F3 | $0.87 | Jun 23, 2026 | A | 1,000 | A | Jun 23, 2026 | Sep 30, 2031 | Common Shares | 1,149,425 | 1,000 | D |
Explanation of responses
- F1The Reporting Person's Table I holdings have been updated to exclude 2,000 convertible debentures previously reported as being issued as common shares on June 23, 2023, which have matured and were repaid in full in cash.
- F2Represents secured convertible debentures (the "Debentures") of TerrAscend Corp. (the "Company") having an aggregate principal amount of $1,000,000, purchased by the Reporting Person at a purchase price of $1,000 per Debenture in a private placement that closed on June 23, 2026. The Debentures mature on September 30, 2031 and bear interest at 8.00% per annum, payable quarterly in arrears in cash, provided that the Company may elect to pay all or any portion of such interest in kind by capitalizing it as additional principal. The Debentures are convertible at a conversion price of $0.87 per share pursuant to the terms set forth in the Debentures, as may be adjusted pursuant to the terms of the Debentures.
- F3Calculated based on the $1,000,000 aggregate principal amount of Debentures divided by the $0.87 conversion price.