GORENSTEIN MICHAEL RYAN 4

What Happened

• Michael Ryan Gorenstein, Chairman, CEO and President of Cronos Group Inc. (CRON), had 339,879 restricted stock units (RSUs) convert to common shares on March 12, 2026. The RSUs converted at $0.00 (no exercise price).
• To cover tax withholding, 132,991 of those shares were withheld/disposed at $2.56 per share for a total withholding value of $340,457. Net shares retained from this vesting event = 206,888 shares.
• This was an award vesting (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-03-12. Form filed: 2026-03-16 (timely within the 2-business-day window).
• Conversion/exercise entries: 339,879 shares converted from RSUs (reported as derivative exercise M at $0.00).
• Tax withholding: 132,991 shares disposed at $2.56/share for $340,457 (code F = tax withholding).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1 — each RSU equals a contingent right to one common share; F2 — these RSUs were part of a 1,019,736 RSU grant dated March 12, 2025, vesting in three substantially equal annual installments beginning March 12, 2026.

Context

• This is a routine RSU vesting event with standard tax-withholding via share surrender (cashless withholding). The derivative code M reflects conversion/exercise of RSU-based derivatives; F denotes tax withholding.
• Such vesting and withholding are administrative and do not necessarily indicate a view on the company’s stock by the insider.