Kim A. Rivers - Dec 29, 2023 Form 4 Insider Report for Trulieve Cannabis Corp. (TRUL)

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ Eric Powers, Attorney-in-Fact
Stock symbol: TRUL
Transactions as of: Dec 29, 2023
Transactions value $: -$74,811
Form type: 4
Date filed: 1/16/2024, 08:43 PM
Previous filing: Jul 27, 2023
Next filing: Mar 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRUL	Subordinate Voting Shares	Tax liability	-$74.8K	-14.3K	-0.53%	$5.24	2.68M	Dec 29, 2023	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") on December 29, 2023, the grant of which RSUs to the reporting person were previously reported on Form 4.
F2	The reporting person also holds the following securities of the issuer: (i) 159,867 aggregate 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) stock options to acquire 649,559 Subordinate Voting Shares vested as of January 1, 2024 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

Represents shares withheld for payment of tax liability in connection with vesting of 50% of restricted stock units ("RSUs") on December 29, 2023, the grant of which RSUs to the reporting person were previously reported on Form 4.

The reporting person also holds the following securities of the issuer: (i) 159,867 aggregate 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) stock options to acquire 649,559 Subordinate Voting Shares vested as of January 1, 2024 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.