Beshears Thad 4

What Happened

• Thad Beshears, a director of Trulieve Cannabis Corp. (TRUL), was granted 23,438 restricted stock units (RSUs) on March 13, 2026. The RSUs were awarded at a $0 purchase price (transaction code A), so the reported acquisition value is $0. This was a grant/award rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-13; Form 4 filed 2026-03-17 (timely filing).
• Award: 23,438 RSUs; price reported $0; total reported value $0.
• Vesting: RSUs vest on the earliest of (i) end of Beshears’ board service, (ii) a change of control, or (iii) December 1, 2032 (see footnote).
• Other holdings: Beshears also directly holds 15,000 Multiple Voting Shares, which are convertible one-for-100 into an aggregate of 1,500,000 Subordinate Voting Shares (per footnote).
• Transaction type: Award/grant (not a purchase or sale) — does not indicate an immediate cash outflow or market transaction.

Context

• RSUs are a form of deferred equity compensation — they represent a contingent right to receive shares if vesting conditions are met. Because this was an award, it is neutral from an immediate market-activity standpoint (no cash paid or shares sold).
• For retail investors, grants to directors are common for compensation/retention and do not necessarily signal near-term insider buying or selling.