BAYERN JOSEPH 4

What Happened
Joseph Bayern, a director of Canopy Growth Corp (CGC), was granted 108,324 restricted stock units (RSUs) on June 17, 2026. The Form 4 reports the acquisition with a per-share price of $0.00 (aggregate reported value $0), reflecting an equity award rather than an open-market purchase or sale.

Key Details

• Transaction date: June 17, 2026; filing date: June 22, 2026.
• Reported transaction: Grant/Award (code A) of 108,324 RSUs at $0.00.
• Shares owned after transaction: not specified in the filing.
• Footnote: RSUs vest in four equal installments on June 26, 2026; September 28, 2026; December 29, 2026; and March 29, 2027.
• Timeliness: The Form 4 was filed five days after the grant; Form 4s are generally due within two business days, so this filing appears to be late.

Context
RSU grants are a form of compensation and do not represent an immediate cash purchase or sale—shares will only be delivered as the RSUs vest on the listed dates (subject to any plan terms). Because this is an award to a director, it’s primarily a disclosure of compensation rather than a direct market signal; purchases by insiders tend to be more informative about personal conviction in the stock.