Curaleaf Extends Automatic Share Disposition Plan

STAMFORD – Curaleaf Holdings Inc. disclosed that Peter Clateman, its Chief Legal Officer, has extended an existing automatic securities disposition plan (ASDP) to handle the exercise of stock options due to expire in July 2027 and to sell enough subordinate voting shares to cover expected tax obligations.

The plan, approved by the company’s compensation committee before a blackout period began, follows standard U.S. and Canadian securities rules. Sales of the shares will occur at market prices through an independent broker, starting around July 1 and running for six months. The arrangement includes strict limits that prevent Clateman from altering, pausing, or ending the trades once they begin. Any sales will be reported publicly, with a note indicating they stem from the pre-set plan.

This extension builds on the original ASDP that Curaleaf announced on January 2, when the same plan was first established to manage the same set of options. Details of the plan and future transactions will appear on SEDI and the company’s SEDAR profile, as recommended by Canadian securities regulators.

Automatic disposition plans like this one let executives follow a fixed schedule for selling shares they receive through compensation. They remove any appearance of trading on nonpublic information and have become common at public companies, including those in the cannabis space, where equity grants form a large part of pay packages.

Curaleaf, listed on the Toronto Stock Exchange and on the OTCQX, operates one of the largest Cannabis businesses in the United States and maintains a growing international footprint. The company has not commented further on the plan beyond the required filing.

Filings like this reflect normal corporate housekeeping rather than any shift in outlook. With options carrying fixed expiration dates and tax bills arriving when they vest, executives use these structured plans to manage personal finances while companies demonstrate adherence to governance standards. In a market still shaped by shifting state regulations and federal policy discussions, such transparency helps investors focus on operational results instead of guessing at insider moves.