JACOBSON JEFFREY DAVID 4

What Happened

• Jeffrey David Jacobson, Chief Growth Officer of Cronos Group Inc. (CRON), converted vested derivative awards into 60,536 common shares on March 8, 2026. To satisfy tax withholding tied to the conversion, 25,605 shares were surrendered/disposed at $2.57 per share for proceeds recorded as $65,805. The Form 4 also records a derivative disposition of 60,536 shares on March 8 (reported as part of the conversion process). On March 9, 2026 Jacobson received a new grant of 144,561 restricted stock units (RSUs) that vest in three substantially equal annual installments.

Key Details

• Transaction dates: March 8–9, 2026. Form filed March 10, 2026 (appears timely under Form 4 reporting rules).
• Conversions/exercises (code M): 60,536 shares converted on 3/8/2026 at $0.00 (no cash exercise price).
• Tax withholding (code F): 25,605 shares withheld/disposed at $2.57 = $65,805 (to cover taxes).
• Grant (code A): 144,561 RSUs granted on 3/9/2026, vesting in three equal annual installments beginning one year after grant.
• Footnotes: F1 clarifies each RSU equals a contingent right to one common share; F2 references the March 8, 2024 RSU grant of 181,627 RSUs (vested in three annual installments); F3 documents the new 3/9/2026 grant terms.
• Shares owned after transaction: not specified in the excerpt provided.

Context

• The 60,536-share entries reflect conversion of vested RSUs into common stock (a non-cash event), and the 25,605-share disposition is a routine sell-or-surrender-to-cover for tax withholding — a common practice for RSU vesting. The 144,561 RSUs are an award that will only convert to shares as they vest over the next three years, so they are not immediate open-market purchases. These transactions are typical compensation-related filings and do not by themselves indicate management’s market view.