Kim A. Rivers - Mar 15, 2023 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: Mar 15, 2023
Transactions value $: $24,984
Form type: 4
Date filed: 3/16/2023, 06:10 PM
Previous filing: Jan 3, 2023
Next filing: Jul 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TCNNF	Subordinate Voting Shares	Purchase	$25K	+4.11K	+0.16%	$6.08	2.5M	Mar 15, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.05 to $6.08, inclusive. The reporting person undertakes to provide Trulieve Cannabis Corp., any security holder of Trulieve Cannabis Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
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, and (iii) a stock option to acquire 356,867 Subordinate Voting Shares exercisable as of March 15, 2023 held directly. Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-100 basis (or into an aggregate of 16,973,400 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

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $6.05 to $6.08, inclusive. The reporting person undertakes to provide Trulieve Cannabis Corp., any security holder of Trulieve Cannabis Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

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, and (iii) a stock option to acquire 356,867 Subordinate Voting Shares exercisable as of March 15, 2023 held directly. Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-100 basis (or into an aggregate of 16,973,400 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.