Shlimak Anna 4

What Happened

• Anna Shlimak, Chief Financial Officer of Cronos Group Inc. (CRON), had 28,429 restricted stock units (RSUs) convert into common shares on March 19, 2026 (exercise/conversion, code M). There was no exercise price ($0) because these were RSUs. To cover tax withholding (code F), 9,767 of those shares were surrendered at $2.54 per share, yielding $24,808. Net shares delivered to Shlimak were 18,662 (28,429 converted minus 9,767 withheld). This was a compensation vesting event (not an open-market sale or purchase).

Key Details

• Transaction date: March 19, 2026; Form filed March 20, 2026 (timely filing).
• Conversion: 28,429 RSUs converted to common shares (exercise/conversion, M) at $0 exercise price.
• Tax withholding: 9,767 shares withheld/disposed (F) at $2.54/share = $24,808.
• Net shares retained by insider: 18,662 shares (28,429 − 9,767).
• Shares owned after transaction: Not reported in the filing.
• Footnotes: F1 — each RSU represents a contingent right to one common share; F2 — the RSUs were part of an 85,297 RSU grant on March 19, 2025 vesting in three substantially equal annual installments beginning March 19, 2026.
• No 10b5-1 plan or sale on the open market was reported; the disposition reflects tax withholding, a routine administrative step.

Context

• This was a vesting/settlement of RSUs (conversion to shares) rather than a market sale or purchase. Withholding shares to satisfy tax obligations is common and does not necessarily signal a decision to sell shares for cash. Using the $2.54/share figure reported for withholding, the withheld shares were worth about $24.8k and the net shares retained would be worth roughly $47.4k (18,662 × $2.54), based on that price.