Kim A. Rivers - 16 Sep 2024 Form 4 Insider Report for Trulieve Cannabis Corp. (TCNNF)

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ Eric Powers, attorney-in-fact
Issuer symbol: TCNNF
Transactions as of: 16 Sep 2024
Net transactions value: -$9,571,241
Form type: 4
Filing time: 17 Sep 2024, 18:33:17 UTC
Previous filing: 12 Mar 2024
Next filing: 18 Nov 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRUL	Subordinate Voting Shares	Tax liability	$9,571,241	-845,516	-30%	$11.32	1,958,945	16 Sep 2024	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 the settlement of restricted stock units granted to the reporting person on September 15, 2021 and 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 the settlement of restricted stock units granted to the reporting person on September 15, 2021 and 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.