Buggy Shannon 4

What Happened Buggy Shannon, Senior Vice President & Global Head of People at Cronos Group Inc. (CRON), had 21,930 restricted stock units (RSUs) convert into 21,930 common shares on March 12, 2026. Of those shares, 9,728 were surrendered/withheld to cover tax obligations at $2.56 per share for a total tax withholding value of $24,904. The RSU conversion is reported as an M-code (exercise/conversion of derivative) and the withholding is reported with code F.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (timely filing).
• Conversion/acquisition: 21,930 shares @ $0.00 (RSU conversion — no cash exercise price).
• Tax withholding/disposition: 9,728 shares @ $2.56 = $24,904 (code F).
• Net shares retained from this vesting: 21,930 acquired − 9,728 withheld = 12,202 shares.
• Footnotes: F1 — each RSU = right to one common share; F2 — these RSUs were part of a grant of 65,789 RSUs on March 12, 2025 vesting in three substantially equal annual installments.
• No indication this was an open‑market sale; the dispositions were tax withholdings related to the RSU vesting.

Context This was a routine RSU vesting and tax-withholding event (not a market purchase or voluntary sale). The M-code reflects conversion of the derivative award into shares; the F-code reflects shares withheld to satisfy tax liabilities (common for RSU vesting). Such filings show award settlement activity and a net increase in the insider’s holdings from the vested RSUs.