Doucet Terrence Gregory Joseph 4

What Happened

• Terrence Doucet, General Counsel and Corporate Secretary of Cronos Group Inc. (CRON), had 10,597 restricted stock units (RSUs) convert into common shares on May 12, 2026. The conversion is reported as an exercise/conversion of a derivative (code M) at $0.00 per share (RSUs convert one-for-one).
• To cover tax withholding, 5,199 of those shares were surrendered (code F) at CAD 3.75 per share, a reported total of CAD 19,496. This was a withholding to satisfy tax obligations, not an open-market sale.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (timely within reporting window).
• Converted/issued: 10,597 shares (RSU conversion, code M) at $0.00 reported price (RSUs convert to shares).
• Withheld/disposed for taxes: 5,199 shares at CAD 3.75 each = CAD 19,496 (code F). Price denominated in Canadian dollars (footnote).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes: F1—each RSU equals one common share; F2—prices in CAD; F3—these RSUs were part of a May 12, 2025 grant of 31,793 RSUs vesting in three roughly equal annual installments beginning May 12, 2026.

Context

• This was a routine vesting and tax-withholding event (conversion of RSUs), not a market sale or purchase. The withholding of shares to cover taxes is a common cashless method employers use and does not necessarily indicate buying or selling sentiment.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion here); F = payment of exercise price or tax liability (share withholding).