GORENSTEIN MICHAEL RYAN 4

What Happened

• Michael R. Gorenstein, Chairman, CEO and President of Cronos Group (CRON), exercised/converted 327,801 derivative units into common shares on March 8, 2026 (transaction code M). As part of the settlement, 128,918 shares were surrendered/withheld to cover taxes at $2.57 per share, totaling $331,319 (transaction code F). The filing also reports a new grant on March 9, 2026 of 904,669 restricted stock units (RSUs) (transaction code A) at $0, vesting in three substantially equal annual installments beginning on the first anniversary of the grant.

Key Details

• Transaction dates: March 8, 2026 (exercise/conversion and tax withholding); March 9, 2026 (RSU grant). Filing date: March 10, 2026 (appears timely).
• Exercise/conversion: 327,801 derivative units converted to common shares (M).
• Tax/fuel withholding: 128,918 shares surrendered/disposed at $2.57 each = $331,319 (F).
• Award/grant: 904,669 RSUs granted on March 9, 2026; RSUs vest in three substantially equal annual installments (F3). Earlier grant: 983,502 RSUs were granted March 8, 2024, also vesting over three years (F2).
• RSU note: Each RSU represents a contingent right to one common share (F1).
• Shares owned after the transactions: not specified in the excerpted filing.

Context

• Codes explained: M = exercise or conversion of a derivative (e.g., vested options/units converted to shares); F = payment of exercise price or tax withholding (here, shares withheld to cover taxes); A = award/grant of RSUs. The transaction shows conversion of derivatives with shares withheld for taxes (a common cashless/net settlement practice) and a separate new RSU award for future vesting. Awards and withholding are routine insider compensation activities and are not direct open-market purchases or sales.