Cronos officer exercises RSUs, covers taxes with shares
Cronos Group Inc. officer Jared Matthew Kenost reported routine equity compensation activity.
Rhea-AI Filing Summary
Cronos Group Inc. officer Jared Matthew Kenost reported routine equity compensation activity. On May 12, 2026, he exercised 9,412 restricted stock units (RSUs) into common shares and had 3,701 common shares withheld at $2.75 per share to cover tax obligations.
Following these transactions, he directly owned 42,974 common shares. In addition, he was granted 30,000 new RSUs that were originally awarded on March 12, 2026 and vest in three substantially equal annual installments, adding to previously granted RSUs from March 12, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,412 shares exercised/converted
Exercise
4 txns
Insider
Kenost Jared Matthew
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RESTRICTED STOCK UNITS | 30,000 | $0.00 | $0.00 |
| Exercise | RESTRICTED STOCK UNITS | 9,412 | $0.00 | $0.00 |
| Exercise | COMMON SHARES | 9,412 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | COMMON SHARES | 3,701 | $2.75 | $10K |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 53,942 contracts (Direct);
COMMON SHARES — 42,974 shares (Direct)
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc.
- F2. On March 12, 2026, the reporting person was granted 30,000 RSUs, vesting in three substantially equal installments beginning on the first anniversary of the grant date.
- F3. On March 12, 2025, the reporting person was granted 28,238 RSUs, vesting in three substantially equal installments beginning on the first anniversary of the grant date.
Key Figures
Tax-withheld shares: 3,701 shares at $2.75
RSUs exercised: 9,412 RSUs
Common shares owned: 42,974 shares
+3 more
6 metrics
Tax-withheld shares
3,701 shares at $2.75
Common shares delivered to cover tax liability on May 12, 2026
RSUs exercised
9,412 RSUs
Converted into Cronos Group common shares on May 12, 2026
Common shares owned
42,974 shares
Direct ownership after reported transactions
New RSU grant
30,000 RSUs
Granted March 12, 2026, vesting in three substantially equal installments
Prior RSU grant
28,238 RSUs
Granted March 12, 2025, vesting in three substantially equal installments
RSUs outstanding after grant
63,354 RSUs
Derivative total following the latest RSU award
Key Terms
restricted stock unit ("RSU"), tax-withholding disposition, derivative security, contingent right
4 terms
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
contingent right financial
"represents a contingent right to receive one common share of Cronos Group Inc."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Cronos Group (CRON) report for Jared Matthew Kenost?
Cronos Group reported that officer Jared Matthew Kenost exercised 9,412 restricted stock units into common shares and had 3,701 common shares withheld at $2.75 each for taxes. He also received a grant of 30,000 new RSUs tied to future vesting.
What RSU awards did Cronos Group (CRON) grant to Jared Matthew Kenost?
Jared Matthew Kenost was granted 30,000 restricted stock units on March 12, 2026, vesting in three substantially equal annual installments. He also previously received 28,238 RSUs on March 12, 2025, which follow a similar three-installment vesting schedule tied to service over time.
Was the Cronos Group (CRON) Form 4 a market sale by Jared Matthew Kenost?
The Form 4 does not show an open-market sale. Instead, it shows a tax-withholding disposition of 3,701 common shares at $2.75 per share tied to RSU settlement, which is a standard mechanism to satisfy tax obligations rather than a discretionary market trade.
What does the tax-withholding transaction mean for Cronos Group (CRON) insider activity?
The tax-withholding transaction indicates 3,701 Cronos Group shares were delivered to cover taxes when RSUs vested. This type of disposition is mechanically driven by tax requirements and typically carries less informational value than a voluntary open-market purchase or sale by the insider.
AI-generated analysis. How Rhea-AI works. Not financial advice.
