Doucet Terrence Gregory Joseph 4

What Happened
Terrence (Gregory Joseph) Doucet, General Counsel and Corporate Secretary of Cronos Group Inc. (CRON), had 23,809 restricted stock units (RSUs) vest and convert into common shares on March 12, 2026. Of those 23,809 shares, 12,235 were withheld to satisfy tax withholding obligations at a reported price of CAD $3.48 per share (CAD $42,578 total), leaving a net delivery of approximately 11,574 common shares to Mr. Doucet. The conversion is reported under transaction code M (exercise/conversion of derivative); the withholding is reported under code F (tax withholding).

Key Details

• Transaction date: 2026-03-12; Form 4 filed 2026-03-16 (timely).
• Converted: 23,809 RSUs -> 23,809 common shares (code M).
• Withheld for taxes: 12,235 shares at CAD $3.48/share = CAD $42,578 (code F).
• Net shares delivered to insider: ~11,574 common shares.
• Footnotes: F1 explains an RSU converts to one common share; F2 notes the price is in Canadian dollars; F3: the RSUs were originally granted on 2025-03-12 (71,428 RSUs, vesting in three equal annual installments).
• The filing does not state total CRON shares owned by the insider after this transaction.

Context
This was an RSU vesting + tax-withholding event (routine compensation settlement), not an open-market purchase or voluntary sale. Code M indicates conversion of the derivative (RSU) into shares; code F reflects shares withheld to cover tax liabilities (a cashless settlement). Such withholdings are common and generally reflect tax withholding rather than an intentional sale of shares for investment purposes.