Cronos Group director gets 48.9K deferred share units

Accepted by SEC EDGAR 08/07/2026 - 05:16 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Garnick Murray R reported acquisition or exercise transactions in this Form 4 filing.

Cronos Group Inc. director Murray R. Garnick reported a grant of 48,859.93 Deferred Share Units on August 6, 2026. Each unit provides a cash payment equal to the fair market value of Cronos common shares at redemption. Following this award, he holds 179,594.40 Deferred Share Units, which are mandatorily redeemed in cash after he ceases to be a director.

Insider Trade Summary

Grant/Award: 48,859.93 shares

Grant/Award 1 txn

Insider Garnick Murray R

Role Director

Type	Security	Shares	Price	Value
Grant/Award	DEFERRED SHARE UNITS F1, F2	48,859.93	$0.00	$0.00

Holdings After Transaction: DEFERRED SHARE UNITS — 179,594.4 units (Direct)

Holdings Before and After: DEFERRED SHARE UNITS, 130,734.47 to 179,594.4 units (Direct)

Footnotes (2)

1. F1. Upon redemption, Deferred Share Units entitle the reporting person to receive a lump sum cash payment in an amount equal to the fair market value of the common shares of Cronos Group Inc. (the "Company") on the date of redemption.
2. F2. Vested Deferred Share Units are mandatorily redeemed by the Company on the first trading day after the reporting person ceases to be a director of the Company.

Key Figures

Deferred Share Units granted: 48,859.9300 units Price per Deferred Share Unit: $0.0000 Total Deferred Share Units after grant: 179,594.4000 units +1 more

4 metrics

Deferred Share Units granted 48,859.9300 units Grant of Deferred Share Units to director on 2026-08-06

Price per Deferred Share Unit $0.0000 Reported transaction price per unit for the grant

Total Deferred Share Units after grant 179,594.4000 units Director’s Deferred Share Unit holdings following the transaction

Underlying common shares reference 48,859.9300 shares Each Deferred Share Unit references the fair market value of one common share

Key Terms

Deferred Share Units, fair market value, lump sum cash payment, mandatorily redeemed

4 terms

Deferred Share Units financial

"Upon redemption, Deferred Share Units entitle the reporting person to receive a lump sum cash payment"

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

fair market value financial

"a lump sum cash payment in an amount equal to the fair market value of the common shares"

The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.

lump sum cash payment financial

"entitle the reporting person to receive a lump sum cash payment in an amount equal"

mandatorily redeemed financial

"Vested Deferred Share Units are mandatorily redeemed by the Company on the first trading day"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Cronos Group (CRON) report for Murray R. Garnick?

Murray R. Garnick, a director of Cronos Group Inc., reported receiving 48,859.93 Deferred Share Units on August 6, 2026. These units are cash-settled based on the fair market value of Cronos common shares at the time of redemption.

How many Deferred Share Units does Murray R. Garnick hold at Cronos Group (CRON) after this filing?

After the reported grant, Murray R. Garnick holds a total of 179,594.40 Deferred Share Units. These units represent a cash-settled entitlement linked to the fair market value of Cronos Group common shares when redeemed.

Are the Deferred Share Units granted to the Cronos Group (CRON) director settled in shares or cash?

The Deferred Share Units are settled in cash, not shares. Upon redemption, Garnick receives a lump sum cash payment equal to the fair market value of Cronos common shares on the redemption date.

When are Murray R. Garnick’s Deferred Share Units at Cronos Group (CRON) redeemed?

Vested Deferred Share Units are mandatorily redeemed on the first trading day after Murray R. Garnick ceases to be a director. At that time, he receives a cash amount tied to Cronos common share value.

Was the Cronos Group (CRON) director’s Deferred Share Unit grant tied to a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as an affirmatively adopted plan, indicating this grant was not reported as made under a Rule 10b5-1 trading arrangement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Garnick Murray R

(Last) (First) (Middle)

4491 CONCESSION RD 12

(Street)

STAYNER L0M 1S0

(City) (State) (Zip)

ONTARIO, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Cronos Group Inc. [ CRON ]

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)
08/06/2026

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

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
DEFERRED SHARE UNITS	(1)	08/06/2026		A		48,859.93		(2)	(2)	COMMON SHARES	48,859.93	$0	179,594.4	D

Explanation of Responses:

1. Upon redemption, Deferred Share Units entitle the reporting person to receive a lump sum cash payment in an amount equal to the fair market value of the common shares of Cronos Group Inc. (the "Company") on the date of redemption.

2. Vested Deferred Share Units are mandatorily redeemed by the Company on the first trading day after the reporting person ceases to be a director of the Company.

Remarks:

	/s/ Ryan Morgan, as attorney-in-fact for Murray R. Garnick	08/07/2026
	** 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)