Kim A. Rivers - Dec 29, 2022 Form 4 Insider Report for Trulieve Cannabis Corp. (TCNNF)

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ Eric Powers Attorney-in-Fact
Stock symbol: TCNNF
Transactions as of: Dec 29, 2022
Transactions value $: -$49,079
Form type: 4
Date filed: 1/3/2023, 04:33 PM
Previous filing: May 25, 2022
Next filing: Mar 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TCNNF	Subordinate Voting Shares	Tax liability	-$49.1K	-6.34K	-0.25%	$7.74	2.49M	Dec 29, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares withheld for payment of tax liability in connection with vesting of 50% of restricted stock units ("RSUs") granted to the reporting person on September 29, 2021 and previously reported on Form 4.
F2	The reporting person also holds the following securities of the issuer: (i) 159,867 Multiple Voting Shares held directly, (ii) 9,867 Multiple Voting Shares held by Traunch IV LLC ("Traunch IV"), over which the reporting person may be deemed to exercise voting and investment control, (iii) a stock option to acquire 172,962 Subordinate Voting Shares (which vests in three annual installments commencing on December 1, 2021), and (iv) a stock option to acquire 185,618 Subordinate Voting Shares (which vests in three annual installments commencing on December 1, 2022). Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-100 basis (or into an aggregate of 16,973,000 Subordinate Voting Shares). The reporting person disclaims beneficial ownership of the Multiple Voting Shares (and the Subordinate Voting Shares into which they are convertible) held by Traunch IV, except to the extent of her pecuniary interest therein.

Content

Represents shares withheld for payment of tax liability in connection with vesting of 50% of restricted stock units ("RSUs") granted to the reporting person on September 29, 2021 and previously reported on Form 4.

The reporting person also holds the following securities of the issuer: (i) 159,867 Multiple Voting Shares held directly, (ii) 9,867 Multiple Voting Shares held by Traunch IV LLC ("Traunch IV"), over which the reporting person may be deemed to exercise voting and investment control, (iii) a stock option to acquire 172,962 Subordinate Voting Shares (which vests in three annual installments commencing on December 1, 2021), and (iv) a stock option to acquire 185,618 Subordinate Voting Shares (which vests in three annual installments commencing on December 1, 2022). Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-100 basis (or into an aggregate of 16,973,000 Subordinate Voting Shares). The reporting person disclaims beneficial ownership of the Multiple Voting Shares (and the Subordinate Voting Shares into which they are convertible) held by Traunch IV, except to the extent of her pecuniary interest therein.