Doucet Terrence Gregory Joseph 4

What Happened

• Terrence Gregory Doucet, General Counsel and Corporate Secretary of Cronos Group Inc. (CRON), had previously granted restricted stock units (RSUs) convert into common shares and a portion sold to cover tax withholding. On 2026-03-08 Doucet had 24,434 derivative units converted to common shares (reported at $0.00 per share), and 12,580 shares were disposed at C$3.51 per share to satisfy tax withholding (proceeds reported as C$44,156). On 2026-03-09 he received a new grant of 80,555 RSUs (no cash exchanged). These are awards/settlements rather than open-market purchases or voluntary sales.

Key Details

• Transaction dates and amounts:
  • 2026-03-08: Conversion/exercise of 24,434 derivative units @ $0.00 (acquired).
  • 2026-03-08: Tax withholding sale of 12,580 shares @ C$3.51 = C$44,156 (disposed).
  • 2026-03-08: A derivative disposition line for 24,434 shares also appears in the filing (reported $0.00).
  • 2026-03-09: Grant of 80,555 RSUs @ $0.00 (award).
• Shares owned after the transactions: not specified in the excerpt provided.
• Footnotes of note:
  • F1: Each RSU represents a contingent right to one common share.
  • F2: Reported price is in Canadian dollars.
  • F3: A prior RSU grant on 2024-03-08 totaled 73,308 RSUs vesting over three years.
  • F4: The 2026-03-09 grant (80,555 RSUs) vests in three substantially equal annual installments beginning on the first anniversary.
• Filing timeliness: Form 4 was filed 2026-03-10 reporting transactions on 2026-03-08 and 2026-03-09; this appears to be within normal SEC reporting windows.

Context

• These actions are routine equity compensation events: vested RSUs converted to shares and a portion of shares sold (tax withholding) to cover taxes, plus a new RSU award. Such transactions reflect compensation mechanics rather than open-market buying or selling as an investing signal. The sale was a tax-related disposition (code F) rather than a voluntary liquidity trade.