Michael R. Gorenstein - Mar 15, 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 15, 2024
Transactions value $
-$171,589
Form type
4
Date filed
3/19/2024, 05:02 PM
Previous filing
Mar 12, 2024
Next filing
Dec 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRON COMMON SHARES Options Exercise $0 +31.4K +0.32% $0.00 9.86M Mar 15, 2024 Direct F1
transaction CRON COMMON SHARES Tax liability -$15.1K -7.64K -0.08% $1.98 9.85M Mar 15, 2024 Direct
transaction CRON COMMON SHARES Options Exercise $0 +325K +3.29% $0.00 10.2M Mar 15, 2024 Direct F1
transaction CRON COMMON SHARES Tax liability -$156K -79K -0.78% $1.98 10.1M Mar 15, 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 -31.4K -0.59% $0.00 5.32M Mar 15, 2024 COMMON SHARES 31.4K Direct F1, F2
transaction CRON RESTRICTED STOCK UNITS Options Exercise $0 -325K -6.1% $0.00 5M Mar 15, 2024 COMMON SHARES 325K Direct F1, F3
* 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 On August 5, 2022, the reporting person was granted 94,083 RSUs, vesting in three substantially equal installments on each of March 15, 2023, March 15, 2024 and March 15, 2025.
F3 On March 15, 2023, the reporting person was granted 973,618 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.

Remarks:

Chairman, Chief Executive Officer, and President