Director at Canopy Growth (CGC) receives 108K-share restricted stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BAYERN JOSEPH reported acquisition or exercise transactions in this Form 4 filing.

Canopy Growth Corp director Joseph Bayern received an equity award of 108,324 common shares on June 17, 2026. The shares were granted as restricted stock units, a form of stock-based compensation awarded at no cash cost to him.

These RSUs vest in four equal installments on June 26, 2026, September 28, 2026, December 29, 2026, and March 29, 2027, aligning incentives over time. Following this grant, Bayern directly holds 148,324 common shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BAYERN JOSEPH

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	108,324	$0.00	--

Holdings After Transaction: Common Shares — 148,324 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 108,324 shares Post-transaction holdings: 148,324 shares Vesting schedule start: June 26, 2026 +1 more

4 metrics

RSU grant size 108,324 shares Restricted stock units granted on June 17, 2026

Post-transaction holdings 148,324 shares Common shares directly held after the grant

Vesting schedule start June 26, 2026 First of four equal RSU vesting dates

Vesting schedule end March 29, 2027 Final installment date for RSU vesting

Key Terms

restricted stock units, RSUs, Form 4

3 terms

restricted stock units financial

"The shares reported herein were granted on June 17, 2026, in the form of restricted stock units ("RSUs")."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSUs financial

"These RSUs vest in four equal installments on June 26, 2026, September 28, 2026, December 29, 2026 and March 29, 2027."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

06/22/2026 - 04:36 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BAYERN JOSEPH

(Last)

(First)

(Middle)

C/O CANOPY GROWTH CORPORATION

1 HERSHEY DRIVE

(Street)

SMITHS FALLS

K7A 0A8

(City)

(State)

(Zip)

ONTARIO, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Canopy Growth Corp [ CGC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	06/17/2026		A		108,324⁽¹⁾	A	$0	148,324	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The shares reported herein were granted on June 17, 2026, in the form of restricted stock units ("RSUs"). These RSUs vest in four equal installments on June 26, 2026, September 28, 2026, December 29, 2026 and March 29, 2027.

	/s/ Keith Pisani, Attorney-in-fact for Joseph Bayern	06/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Canopy Growth Corp (CGC) director Joseph Bayern report in this Form 4?

Director Joseph Bayern reported receiving 108,324 Canopy Growth common shares as a stock-based compensation grant. The award was structured as restricted stock units and did not involve an open-market purchase or sale of shares.

How many Canopy Growth (CGC) shares does Joseph Bayern hold after this transaction?

After the June 17, 2026 grant, Joseph Bayern directly holds 148,324 Canopy Growth common shares. This total reflects his position following the restricted stock unit award disclosed in the Form 4 filing.

What type of equity compensation did Canopy Growth (CGC) grant to Joseph Bayern?

Canopy Growth granted Joseph Bayern restricted stock units representing 108,324 common shares. Restricted stock units are share-based awards that convert into actual shares over time as they vest according to a specified schedule.

When do Joseph Bayern’s Canopy Growth (CGC) RSUs vest?

The 108,324 restricted stock units vest in four equal installments on June 26, 2026, September 28, 2026, December 29, 2026, and March 29, 2027. Each vesting date releases a quarter of the granted units into shares.

Did Joseph Bayern buy or sell Canopy Growth (CGC) shares on the market in this filing?

No, the filing shows a grant of 108,324 shares as restricted stock units, not an open-market trade. The transaction represents a compensation-related acquisition rather than a purchase or sale on a stock exchange.