Michael R. Gorenstein - 16 Mar 2022 Form 4 Insider Report for Cronos Group Inc. (CRON)

Role
Executive Chairman, Director
Signature
/s/ Aaron Werner, as attorney-in-fact for Michael R. Gorenstein
Issuer symbol
CRON
Transactions as of
16 Mar 2022
Net transactions value
-$6,928
Form type
4
Filing time
18 Mar 2022, 13:16:56 UTC
Next filing
22 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRON COMMON SHARES Options Exercise $85,044 +27,084 +0.29% $3.14 9,467,596 16 Mar 2022 Direct F1
transaction CRON COMMON SHARES Tax liability $91,972 -23,284 -0.25% $3.95 9,444,312 16 Mar 2022 Direct F1, F2

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 -27,084 -100% $0.000000* 0 16 Mar 2022 COMMON SHARES 27,084 $3.14 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Price is expressed in Canadian dollars.
F2 Cronos Group Inc. (the "Company") withheld 23,284 common shares underlying the options for payment of the exercise price and to cover applicable withholding taxes, using the closing price of the Company's common shares on March 15, 2022 of C$3.95 as reported on the Toronto Stock Exchange.
F3 The options were granted April 12, 2017 and vest in monthly instalments over a four-year period.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney