Jeffrey D. Jacobson - Oct 1, 2021 Form 4 Insider Report for Cronos Group Inc. (CRON)

Role
General Manager, Canada and Europe
Signature
/s/ Eileen Uy, as attorney-in-fact for Jeffrey D. Jacobson
Stock symbol
CRON
Transactions as of
Oct 1, 2021
Transactions value $
-$113,730
Form type
4
Date filed
10/5/2021, 04:42 PM
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRON COMMON SHARES Options Exercise $116K +120K $0.97 120K Oct 1, 2021 Direct F1, F2
transaction CRON COMMON SHARES Tax liability -$230K -40.8K -34.01% $5.64 79.2K Oct 1, 2021 Direct F3, F4

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 CRON COMMON SHARE OPTION (right to buy) Options Exercise $0 -120K -100% $0.00* 0 Oct 1, 2021 COMMON SHARES 120K $0.97 Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The acquisition of common shares of Cronos Group Inc. (the "Company") from the exercise of options held by the reporting person as reported on this Form 4 were effected pursuant to irrevocable written instructions issued by the reporting person to the Company on March 4, 2021 and designed to comply with Rule 10b5-1(c) (the "Irrevocable Instructions"). Such options were scheduled to expire on October 6, 2021.
F2 The price reported was converted from the Canadian exercise price of C$1.23 to U.S. dollars using an exchange rate of C$1.00 to US$0.7886 as reported by Bloomberg as of September 30, 2021.
F3 Represents common shares withheld, pursuant to the Irrevocable Instructions, to pay the exercise price and applicable withholding taxes, using the closing price of the Company's common shares on September 30, 2021 of C$7.15 as reported on the Toronto Stock Exchange.
F4 The price reported is in U.S. dollars based on the exchange rate of C$1.00 to US$0.7886 as reported by Bloomberg as of September 30, 2021.
F5 The options were granted October 6, 2016 and vested in monthly installments over a four-year period.

Remarks:

General Manager, Canada and Europe