Grown Rogue Director Kee Ryan Receives 120,000 RSU Award

What Happened
Kee Ryan, a director of Grown Rogue International Inc. (GRUSF), received a grant of 120,000 restricted stock units (RSUs) on July 21, 2026. The award is reported as a derivative grant at $0.00 (no cash paid). The filing does not state a dollar value for the grant; RSUs convert to ordinary shares only upon vesting.

Key Details

• Transaction date: 2026-07-21 (Filed on Form 4: 2026-07-28). The filing date is more than the standard two business days after the transaction and may indicate a late filing.
• Transaction type/code: A — Award/Grant (derivative RSUs). Price reported: $0.00.
• Shares granted: 120,000 RSUs. Total cash paid: $0.00 (grant).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to receive one subordinate voting share when settled.
  • F2: RSUs vest in full on the earlier of (i) January 1, 2029, or (ii) immediately on the date of the reporting person's termination of service (i.e., accelerated vesting on termination).
  • F3: The RSUs do not expire.

Context
RSU grants are a form of equity compensation intended for retention or incentive; they are not an immediate purchase or sale and do not reflect an immediate change in market exposure until shares are settled on vesting. The award's economic value depends on the company share price at settlement; the Form 4 does not disclose a monetary valuation.