Kenost Jared Matthew 4

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.