Michael R. Gorenstein - Mar 1, 2024 Form 4 Insider Report for Cronos Group Inc. (CRON)

Role
Chairman, Chief Executive Officer, and President, Director
Signature
/s/ Aaron Werner, as attorney-in-fact for Michael R. Gorenstein
Stock symbol
CRON
Transactions as of
Mar 1, 2024
Transactions value $
-$32,490
Form type
4
Date filed
3/5/2024, 05:24 PM
Previous filing
Dec 15, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRON COMMON SHARES Options Exercise $0 +62.7K +0.64% $0.00 9.84M Mar 1, 2024 Direct F1, F2
transaction CRON COMMON SHARES Tax liability -$32.5K -15.6K -0.16% $2.08 9.83M Mar 1, 2024 Direct

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 RESTRICTED STOCK UNITS Options Exercise $0 -62.7K -1.41% $0.00 4.37M Mar 1, 2024 COMMON SHARES 62.7K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc.
F2 Due to an inadvertent error, the Form 4 filed by the Reporting Person on December 15, 2023 incorrectly reported the amount of securities beneficially owned following reported transaction(s). This inadvertent error caused the amount of securities beneficially owned to be overstated by 973,618 shares. The new amount reported in Column 5 reports the correct amount of securities beneficially owned following reported transaction(s).
F3 On October 24, 2022, the reporting person was granted 125,318 RSUs, vesting in two substantially equal installments on each of March 1, 2023 and March 1, 2024.
F4 Due to an inadvertent error, the Form 4 filed by the Reporting Person on December 15, 2023 incorrectly reported the number of derivative securities beneficially owned following reported transaction(s). This inadvertent error caused the number of derivative securities beneficially owned to be understated by 1,947,235 shares. The new amount reported in Column 9 reports the correct number of derivative securities beneficially owned following reported transaction(s).

Remarks:

Chairman, Chief Executive Officer, and President