Jason Pernell - Feb 26, 2025 Form 3 Insider Report for Trulieve Cannabis Corp. (TRUL)

Role
President
Signature
Jason Pernell
Stock symbol
TRUL
Transactions as of
Feb 26, 2025
Transactions value $
$0
Form type
3
Date filed
3/5/2025, 06:05 PM
Next filing
Mar 28, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TRUL Subordinate Voting Shares 437K Feb 26, 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TRUL Multiple Voting Shares Feb 26, 2025 Subordinate Voting Shares 2.26M $0.00 By Trust F2, F3
holding TRUL Multiple Voting Shares Feb 26, 2025 Subordinate Voting Shares 2.26M $0.00 By Trust F2, F4
holding TRUL Stock Option (Right to Buy) Feb 26, 2025 Subordinate Voting Shares 19.4K $33.42 Direct F5
holding TRUL Stock Option (Right to Buy) Feb 26, 2025 Subordinate Voting Shares 67.9K $10.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The amount of securities beneficially owned in column 2 includes a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one Trulieve Cannabis Corp subordinate voting share. The reporting person was granted 37,500 RSUs on March 8, 2024, subject to 2-year vesting. The RSUs will vest 50% on December 1, 2025 and 50% on December 1, 2026.
F2 Multiple Voting Shares are convertible into Subordinate Voting Shares on a one-for-100 basis. Multiple Voting Shares are convertible at any time and have no expiration date.
F3 Shares are held by the JASON B PERNELL TR KFP IRREVOCABLE TRUST DTD 03/02/2020.
F4 Shares are held by the KATHRYN FIELD PERNELL & TY ROOFNER TR JBP 2020 IRREVOCABLE TRUST DTD 01/06/2020.
F5 The options were granted on January 4, 2021. As of December 31, 2023, all of the options were fully vested and exercisable.
F6 The options were granted on March 8, 2024, and vest 33% per year in equal installments, starting on December 1 of the grant year. One third of the options vested and became exercisable on December 1, 2024; one third of the options will vest and become exercisable on December 1, 2025; and one third of the options will vest and become exercisable on December 1, 2026.