Buggy Shannon 4

What Happened Buggy Shannon, Senior Vice President, Global Head of People at Cronos Group Inc. (CRON), had 20,622 restricted stock units (RSUs) convert into 20,622 common shares on May 12, 2026 (reported as exercise/conversion, code M). To satisfy tax withholding, 9,179 of those shares were withheld/sold at $2.75 per share for $25,242 (code F), leaving a net 11,443 shares added to Shannon's holdings. This was a routine RSU vesting and tax-withholding transaction, not an open-market purchase.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (two days after the transaction).
• Acquired: 20,622 shares via conversion/exercise of RSUs (code M) at $0 exercise price.
• Disposed (tax withholding): 9,179 shares at $2.75 each = $25,242 (code F).
• Filing also reports the derivative conversion/disposition tied to the RSUs (reflecting the RSU → share conversion).
• Net shares received from this vesting event: 11,443 (20,622 vested − 9,179 withheld).
• Footnotes: F1 — each RSU converts to one common share; F2 — these RSUs were part of a 61,868-RSU grant on May 12, 2025 vesting in three equal annual installments beginning May 12, 2026.
• Shares owned after transaction: total Cronos holdings by the reporting person are not stated in the filing.

Context This was an RSU vesting/tax-withholding event (derivative conversion), not a market buy or discretionary sale. Withholding shares to cover taxes is common and typically reflects standard compensation settlement rather than a bullish or bearish trading signal. Transaction codes: M = exercise/conversion of derivative (RSU conversion), F = payment of tax liability via share withholding.