Jason M. Adler - Nov 8, 2022 Form 4 Insider Report for Cronos Group Inc. (CRON)

Role
Director
Signature
/s/ Aaron Werner, as attorney-in-fact for Jason M. Adler
Stock symbol
CRON
Transactions as of
Nov 8, 2022
Transactions value $
$466,157
Form type
4
Date filed
11/10/2022, 06:46 PM
Previous filing
Aug 23, 2022
Next filing
Nov 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRON COMMON SHARES Award $140K +51K $2.74 51K Nov 8, 2022 Held by Gotham Green Fund III, LP F1, F2
transaction CRON COMMON SHARES Award $326K +119K $2.74 119K Nov 8, 2022 Held by Gotham Green Fund III (Q), LP F1, F3

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 DEFERRED SHARE UNITS Award $0 +53.8K +122% $0.00 97.8K Nov 8, 2022 COMMON SHARES 53.8K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $2.715 to $2.795. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F2 Gotham Green GP III, LLC is the general partner of Gotham Green Fund III, LP. Mr. Adler, as the Managing Member of Gotham Green GP III, LLC, may be deemed to be the indirect beneficial owner of such shares for purposes of Section 16 of the Exchange Act. Mr. Adler disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest.
F3 Gotham Green GP III, LLC is the general partner of Gotham Green Fund III (Q), LP. Mr. Adler, as the Managing Member of Gotham Green GP III, LLC, may be deemed to be the indirect beneficial owner of such shares for purposes of Section 16 of the Exchange Act. Mr. Adler disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest.
F4 Upon redemption, Deferred Share Units entitle Mr. Adler to receive a lump sum cash payment in an amount equal to the fair market value of Company common shares on the date of redemption.
F5 Vested Deferred Share Units are mandatorily redeemed by Cronos Group Inc. (the "Company") on the first trading day after Mr. Adler ceases to be a director of the Company.