# EDGAR Filing Document

**Accession Number:** 0001778129
**File Stem:** 0002064832-26-000247
**Filing Date:** 2026-6
**Character Count:** 7573
**Document Hash:** c2db2cc135b82c809d54d2d63e5db33f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002064832-26-000247.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002064832-26-000247

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260624

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** GEFEN LYNN K
- **CENTRAL INDEX KEY:** 0001281749

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-56363
- **FILM NUMBER:** 261123502

**MAIL ADDRESS:**
- **STREET 1:** C/O TERRASCEND CORP.
- **STREET 2:** 3610 MAVIS ROAD
- **CITY:** MISSISSAUGA
- **STATE:** A6
- **ZIP:** L5C 1W2
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TerrAscend Corp.
- **CENTRAL INDEX KEY:** 0001778129
- **STANDARD INDUSTRIAL CLASSIFICATION:** AGRICULTURE PRODUCTION - CROPS [0100]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 3610 MAVIS ROAD
- **CITY:** MISSISSAUGA
- **STATE:** A6
- **ZIP:** L5B 4A7
- **BUSINESS PHONE:** 855 837-7295

**MAIL ADDRESS:**
- **STREET 1:** 3610 MAVIS ROAD
- **CITY:** MISSISSAUGA
- **STATE:** A6
- **ZIP:** L5B 4A7

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>GEFEN LYNN K<br><sub>(Last) (First) (Middle)</sub><br>C/O TERRASCEND CORP.<br>77 CITY CENTRE DRIVE, SUITE 501<br><sub>(Street)</sub><br>MISSISSAUGA, CANADA (FEDERAL LEVEL) L5B 1M5<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-06-24 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief People and Legal Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>TerrAscend Corp. [ TSNDF ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Employee Share Option (Right to Buy) | $3.902 | 2026-06-24 |  | D |  |  | 275000 | <sup>(1)</sup> | 2032-05-25 | Common Shares | 275000 | <sup>(1)</sup> | 0 | D |  |
| Employee Share Option (Right to Buy) | $0.26 | 2026-06-24 |  | A |  | 275000 |  | <sup>(1)</sup> | 2032-05-25 | Common Shares | 275000 | <sup>(1)</sup> | 275000 | D |  |
| Employee Share Option (Right to Buy) | $1.32 | 2026-06-24 |  | D |  |  | 281250 | <sup>(1)</sup> | 2032-09-23 | Common Shares | 281250 | <sup>(1)</sup> | 0 | D |  |
| Employee Share Option (Right to Buy) | $0.26 | 2026-06-24 |  | A |  | 281250 |  | <sup>(1)</sup> | 2032-09-23 | Common Shares | 281250 | <sup>(1)</sup> | 281250 | D |  |
| Employee Share Option (Right to Buy) | $0.86 | 2026-06-24 |  | D |  |  | 325000 | <sup>(1)</sup> | 2034-11-20 | Common Shares | 325000 | <sup>(1)</sup> | 0 | D |  |
| Employee Share Option (Right to Buy) | $0.26 | 2026-06-24 |  | A |  | 325000 |  | <sup>(1)</sup> | 2034-11-20 | Common Shares | 325000 | <sup>(1)</sup> | 325000 | D |  |

---

### Footnotes:

(1) See remarks.

**Remarks:**
At the annual general meeting of shareholders (AGM) on June 24, 2025, the shareholders approved the modification of previously-granted options held by employees including the Reporting Person such that, conditional on the Reporting Person's continued employment with the Company for a period of at least 12 months (the "Amendment Service Requirement") from June 24, 2025 (the "Amendment Date"), the original exercise price of such options would be modified to $0.26 per common share (the "Market Price"), calculated as the volume weighted average trading price of the Common Shares on the TSX for the five trading days immediately preceding the Amendment Date. On June 24, 2026, the Amendment Service Requirement was satisfied and the original exercise price of the options was automatically modified to the Market Price. All other terms and conditions of the option, including the expiration date, remain unmodified, including the vesting terms as set forth in the Issuer's definitive proxy statement filed on April 28, 2025.

**Signature:** /s/ Ari Unterman, Attorney-in-Fact  
**Date:** 2026-06-25

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**