JACOBSON JEFFREY DAVID 4

What Happened

• Jeffrey David Jacobson, Chief Growth Officer of Cronos Group Inc. (CRON), had 65,179 restricted stock units (RSUs convertable to common shares) vest and converted them into common shares on March 12, 2026. The RSUs converted at $0.00 per share (no exercise price). To satisfy tax withholding, 24,926 of those shares were surrendered at an effective value of $2.56 per share, totaling $63,811. Net shares received by Jacobson were 40,253 (65,179 vested − 24,926 withheld).

Key Details

• Transaction dates: March 12, 2026 (reported on Form 4 filed March 16, 2026).
• Primary codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability via share withholding.
• Share counts and values: 65,179 RSUs converted @ $0.00 (acquired); 24,926 shares withheld @ $2.56 = $63,811 (disposed for taxes); net +40,253 common shares.
• Footnotes: F1 clarifies each RSU equals one common share on settlement; F2 notes the RSUs were granted March 12, 2025 (195,538 RSUs total), vesting in three substantially equal annual installments—this appears to be the first installment vesting.
• Filing timeliness: Form 4 was filed on March 16, 2026, reporting the March 12 transaction (within the required two business days).

Context

• This was not an open-market buy or sell. It’s a routine RSU vesting/conversion with shares withheld to cover taxes (a common administrative action), not necessarily an indicator of a new buy or sell decision.
• For retail investors: conversions/vestings increase an insider’s effective ownership when net shares are received; here Jacobson’s position increased by 40,253 shares (the filing does not state his total holdings after the transaction).