Thomas Stewart Carlton - 17 Sep 2025 Form 4 Insider Report for Canopy Growth Corp (CGC)

Role: Chief Financial Officer and Chief Accounting Officer
Signature: /s/ Shai Marshall, Attorney-in-fact for Thomas Stewart Carlton
Issuer symbol: CGC
Transactions as of: 17 Sep 2025
Net transactions value: $0
Form type: 4
Filing time: 19 Sep 2025, 16:15:18 UTC
Previous filing: 26 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Stewart Thomas Carlton	Chief Financial Officer and Chief Accounting Officer	C/O CANOPY GROWTH CORPORATION, 1 HERSHEY DRIVE, SMITHS FALLS, ONTARIO, CANADA	/s/ Shai Marshall, Attorney-in-fact for Thomas Stewart Carlton	19 Sep 2025	0001806585

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CGC	Common Shares	Award	$0	+178,462	+262%	$0.000000	246,665	17 Sep 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CGC	Stock Option	Award	$0	+222,280		$0.000000	222,280	17 Sep 2025	Common Shares	222,280	$1.40	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The shares reported herein were granted on September 17, 2025, in the form of restricted stock units ("RSUs"). These RSUs vest in three equal, annual installments on the first, second and third anniversaries of the grant date.
F2	The options vest in three equal, annual installments on the first, second and third anniversaries of the grant date of September 17, 2025.

Remarks:

Chief Financial Officer and Chief Accounting Officer