Kim A. Rivers - Aug 12, 2025 Form 4 Insider Report for Trulieve Cannabis Corp. (TRUL)

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ Eric Powers, as Attorney-in-Fact
Stock symbol: TRUL
Transactions as of: Aug 12, 2025
Transactions value $: $0
Form type: 4
Date filed: 8/13/2025, 04:39 PM
Previous filing: Mar 28, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Rivers Kim A.	Chairman and CEO, Director, 10%+ Owner	C/O TRULIEVE CANNABIS CORP., 6749 BEN BOSTIC ROAD, QUINCY	/s/ Eric Powers, as Attorney-in-Fact	2025-08-13	0001841319

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRUL	Subordinate Voting Shares	Award	$0	+285K	+14.9%	$0.00	2.2M	Aug 12, 2025	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one Trulieve Cannabis Corp. subordinate voting share. 50% of the RSUs will vest on December 1, 2026, and the remaining 50% of the RSUs will vest on December 1, 2027.
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) stock options to acquire 772,495 Subordinate Voting Shares vested as of December 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 a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one Trulieve Cannabis Corp. subordinate voting share. 50% of the RSUs will vest on December 1, 2026, and the remaining 50% of the RSUs will vest on December 1, 2027.

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) stock options to acquire 772,495 Subordinate Voting Shares vested as of December 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.