Canopy Growth (CGC) officer granted RSUs and options, sells 9,285 shares

Rhea-AI Filing Summary

Canopy Growth Corp officer Stewart Thomas Carlton reported a mix of equity award grants and a small share sale. He received 379,018 Common Shares as restricted stock units granted on June 17, 2026, which vest in three equal installments on June 15, 2027, June 15, 2028, and June 15, 2029. He was also granted 463,347 stock options exercisable at $0.99 per share, vesting annually over three years from the same grant date and expiring on June 17, 2032. On the same day, he disposed of 9,285 Common Shares at an average price of $0.9741, with the footnotes stating this disposition was tied to tax obligations from earlier RSU vesting. After these transactions, he directly held 625,683 Common Shares and 463,347 stock options.

Insights

Equity compensation analyst

Routine equity grants dominate, with a small tax-related share sale.

The filing shows Stewart Thomas Carlton receiving substantial equity compensation from Canopy Growth Corp: 379,018 RSU-based Common Shares plus 463,347 stock options at an exercise price of $0.99 per share, vesting over three years.

The single sale of 9,285 Common Shares at $0.9741 is described as connected to tax obligations from prior RSU vesting, indicating a mechanistic disposition rather than a discretionary market sale. Following these moves, he holds 625,683 Common Shares and the new option grant, suggesting the net effect is a larger long-term equity stake.

Insider Trade Summary

Net Seller: 9,285 shares ($9,045)

Net Sell 3 txns

Insider Stewart Thomas Carlton

Role See Remarks

Sold 9,285 shs ($9K)

Type	Security	Shares	Price	Value
Grant/Award	Stock Option	463,347	$0.00	--
Grant/Award	Common Shares	379,018	$0.00	--
Sale	Common Shares	9,285	$0.9741	$9K

Holdings After Transaction: Stock Option — 463,347 shares (Direct, null); Common Shares — 625,683 shares (Direct, null)

Footnotes (1)

1. The shares reported herein were granted on June 17, 2026, in the form of restricted stock units ("RSUs"). These RSUs vest in three equal installments on June 15, 2027, June 15, 2028 and June 15, 2029. The shares reported as disposed herein were granted on June 10, 2024 and June 3, 2025 in the form of RSUs. The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of the RSUs. The options vest in three equal, annual installments on the first, second and third anniversaries of the grant date of June 17, 2026.

Key Figures

Shares sold: 9,285 shares Sale price: $0.9741 per share Shares after transactions: 625,683 shares +4 more

7 metrics

Shares sold 9,285 shares Common Shares sold at $0.9741 on June 17, 2026

Sale price $0.9741 per share Price for 9,285 Common Shares disposed

Shares after transactions 625,683 shares Common Shares directly held following transactions

RSU-based share grant 379,018 shares Common Shares granted as RSUs on June 17, 2026

Stock options granted 463,347 options Options on Common Shares granted June 17, 2026

Option exercise price $0.99 per share Conversion or exercise price of granted stock options

Option expiration June 17, 2032 Expiration date of 463,347 stock options

Key Terms

restricted stock units ("RSUs"), tax obligations, Stock Option, vesting

4 terms

restricted stock units ("RSUs") financial

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

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

tax obligations financial

"The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of the RSUs."

Stock Option financial

"security_title: "Stock Option" with an exercise price of 0.9900 per share."

A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.

vesting financial

"These RSUs vest in three equal installments on June 15, 2027, June 15, 2028 and June 15, 2029."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 04:33 PM Accepted by SEC EDGAR 06/22/2026 - 04:32 PM Learn about SEC filing dates

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^*

Stewart Thomas Carlton

(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)

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

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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	06/17/2026		A		379,018(1)	A	$0	625,683	D
Common Shares	06/17/2026		S		9,285(2)	D	$0.9741	616,398	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$0.99	06/17/2026		A		463,347		(3)	06/17/2032	Common Shares	463,347	$0	463,347	D

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 three equal installments on June 15, 2027, June 15, 2028 and June 15, 2029.

2. The shares reported as disposed herein were granted on June 10, 2024 and June 3, 2025 in the form of RSUs. The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of the RSUs.

3. The options vest in three equal, annual installments on the first, second and third anniversaries of the grant date of June 17, 2026.

Remarks:

Chief Financial Officer and Chief Accounting Officer

	/s/ Keith Pisani, Attorney-in-fact for Thomas Stewart Carlton	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)

FAQ

What did Canopy Growth (CGC) officer Stewart Thomas Carlton report in this Form 4?

He reported new equity awards and a small share sale. Carlton received 379,018 RSU-based Common Shares and 463,347 stock options, and disposed of 9,285 shares, mainly to cover tax obligations tied to earlier RSU vesting.

How many Canopy Growth (CGC) shares does Stewart Thomas Carlton hold after these transactions?

After the reported transactions, Carlton directly holds 625,683 Common Shares. He also has 463,347 stock options with a $0.99 exercise price, providing additional potential future ownership if the options vest and are exercised.

What are the key terms of the stock options granted to Stewart Thomas Carlton at Canopy Growth (CGC)?

Carlton received 463,347 stock options with a $0.99 exercise price. These options vest in three equal annual installments starting one year after the June 17, 2026 grant date and expire on June 17, 2032, aligning incentives over several years.

How do the RSU grants to Stewart Thomas Carlton at Canopy Growth (CGC) vest over time?

The 379,018 RSU-based Common Shares granted to Carlton vest in three equal installments. Vesting dates are June 15, 2027, June 15, 2028, and June 15, 2029, encouraging longer-term retention and performance alignment with shareholders.

Why did Stewart Thomas Carlton dispose of 9,285 Canopy Growth (CGC) shares?

The 9,285 disposed shares were originally granted as RSUs in 2024 and 2025. The filing states the disposition was associated with Carlton’s tax obligations arising from those RSUs’ vesting, indicating a tax-related transaction rather than a discretionary sale.

Is the share sale by Stewart Thomas Carlton at Canopy Growth (CGC) large relative to his holdings?

The reported sale was 9,285 shares at $0.9741 each. After the sale and new grants, Carlton still directly owns 625,683 Common Shares, suggesting the sale is small compared with his overall equity position in the company.