Kenost Jared Matthew 4
4 · Cronos Group Inc. · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
Cronos (CRON) VP Controller Jared Kenost Exercises RSUs; Shares Withheld
What Happened Jared Kenost, Vice President & Controller of Cronos Group Inc. (CRON), converted vested restricted stock units (RSUs) into common shares on May 10, 2026. He converted a total of 12,649 RSUs (7,535 + 5,114) at $0.00 exercise price and had 4,774 shares (2,896 + 1,878) withheld to satisfy tax withholding obligations at $2.54 per share (total withholding value $12,126). Net shares delivered to him were 7,875 (12,649 gross − 4,774 withheld).
Key Details
- Transaction date: May 10, 2026; Form 4 filed May 12, 2026 (timely).
- Conversions: 7,535 and 5,114 RSUs converted (code M — exercise/conversion of derivative) at $0.00.
- Tax withholding: 2,896 and 1,878 shares withheld (code F) at $2.54/share, totaling $12,126.
- Net shares received: 7,875.
- Shares owned after transaction: Not disclosed in the filing.
- Footnotes: F1 notes 1 RSU = right to one common share. F2/F3 show these RSUs were from grants on May 10, 2023 (22,606 RSUs) and May 10, 2024 (15,343 RSUs), each vesting in three substantially equal annual installments beginning one year after grant—this conversion reflects scheduled vesting.
- Codes: M = exercise/conversion of derivative; F = shares surrendered for tax withholding.
Context This was a routine RSU vesting and tax-withholding event (a "sell-to-cover" type action), not an open-market purchase or sale for investment. Such conversions are common for compensatory RSU grants and do not, by themselves, signal a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
COMMON SHARES
[F1]2026-05-10+7,535→ 36,923 total - Tax Payment
COMMON SHARES
2026-05-10$2.54/sh−2,896$7,356→ 34,027 total - Exercise/Conversion
COMMON SHARES
[F1]2026-05-10+5,114→ 39,141 total - Tax Payment
COMMON SHARES
2026-05-10$2.54/sh−1,878$4,770→ 37,263 total - Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F2]2026-05-10−7,535→ 38,468 total→ COMMON SHARES (7,535 underlying) - Exercise/Conversion
RESTRICTED STOCK UNITS
[F1][F3]2026-05-10−5,114→ 33,354 total→ COMMON SHARES (5,114 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc.
- [F2]On May 10, 2023, the Reporting Person was granted 22,606 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
- [F3]On May 10, 2024, the Reporting Person was granted 15,343 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.