Wagner Adam 4

What Happened

• Adam Wagner, General Manager, Cronos Israel, had vested restricted stock units (RSUs) converted into common shares on May 10, 2026. The filing shows two conversion events: 10,063 shares and 10,407 shares were recorded as acquired (conversion of derivatives) and the same amounts were recorded as disposed (total acquired 20,470; total disposed 20,470). All transactions are reported at $0.00 per share.
• This appears to be a routine conversion/settlement of vested RSUs rather than an open-market purchase or sale that generated cash proceeds (no dollar value shown).

Key Details

• Transaction date: May 10, 2026; Form 4 filed May 12, 2026 (timely).
• Transaction codes: M = exercise/conversion of derivative security. Filing shows equal acquired and disposed amounts (20,470 shares total).
• Price: $0.00 per share (conversion/settlement of RSUs, not a cash sale/purchase).
• Shares owned after transaction: Not specified in the filing.
• Relevant footnotes: F1 defines each RSU as a contingent right to one common share. F2/F3 note grants of 30,190 RSUs on May 10, 2023 and 31,220 RSUs on May 10, 2024, each vesting in three substantially equal annual installments — the amounts converted match one installment from each grant.
• No indication of a 10b5-1 plan or late filing in the record.

Context

• Converting vested RSUs into shares and simultaneously disposing of an equal number is commonly how companies settle RSUs and satisfy tax withholding or net-settlement obligations; the filing does not show an open-market sale or cash proceeds. Such vesting/conversion events are routine compensation-related transactions and are not direct signals of bullish or bearish insider trading.