SEC Form 4 · accession 0002064832-26-000247
TerrAscend Corp. · TSNDF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
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)F1 | $3.902 | Jun 24, 2026 | D | 275,000 | D | — | May 25, 2032 | Common Shares | 275,000 | 0 | D |
| Employee Share Option (Right to Buy)F1 | $0.26 | Jun 24, 2026 | A | 275,000 | A | — | May 25, 2032 | Common Shares | 275,000 | 275,000 | D |
| Employee Share Option (Right to Buy)F1 | $1.32 | Jun 24, 2026 | D | 281,250 | D | — | Sep 23, 2032 | Common Shares | 281,250 | 0 | D |
| Employee Share Option (Right to Buy)F1 | $0.26 | Jun 24, 2026 | A | 281,250 | A | — | Sep 23, 2032 | Common Shares | 281,250 | 281,250 | D |
| Employee Share Option (Right to Buy)F1 | $0.86 | Jun 24, 2026 | D | 325,000 | D | — | Nov 20, 2034 | Common Shares | 325,000 | 0 | D |
| Employee Share Option (Right to Buy)F1 | $0.26 | Jun 24, 2026 | A | 325,000 | A | — | Nov 20, 2034 | Common Shares | 325,000 | 325,000 | D |
Explanation of responses
- F1See remarks.
Remarks
At 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. On 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.