Cronos (CRON) growth chief exercises 65,179 RSUs, 24,926 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cronos Group Inc. Chief Growth Officer Jeffrey David Jacobson exercised restricted stock units into common shares. He converted 65,179 RSUs, with each unit delivering one common share. A portion of the resulting 65,179 common shares was used to satisfy tax obligations, with 24,926 shares withheld at a price of $2.56 per share. After these compensation-related and tax-withholding transactions, Jacobson directly owned 448,042 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
65,179 shares exercised/converted
Mixed
3 txns
Insider
JACOBSON JEFFREY DAVID
Role
Chief Growth Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RESTRICTED STOCK UNITS | 65,179 | $0.00 | -- |
| Exercise | COMMON SHARES | 65,179 | $0.00 | -- |
| Tax Withholding | COMMON SHARES | 24,926 | $2.56 | $64K |
Holdings After Transaction:
RESTRICTED STOCK UNITS — 394,666 shares (Direct);
COMMON SHARES — 472,968 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc. On March 12, 2025, the Reporting Person was granted 195,538 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.
FAQ
What did Cronos Group (CRON) Chief Growth Officer report in this Form 4?
Cronos Group Chief Growth Officer Jeffrey David Jacobson reported exercising 65,179 restricted stock units into common shares. The filing also shows a related share disposition for tax withholding, reflecting routine equity compensation activity rather than an open-market purchase or sale.
What are Jeffrey David Jacobson’s Cronos Group (CRON) holdings after these transactions?
Following the RSU exercise and tax-withholding disposition, Jeffrey David Jacobson directly owned 448,042 Cronos Group common shares. This post-transaction figure reflects his updated equity position after converting restricted stock units and settling associated tax liabilities in shares.
What do the restricted stock unit (RSU) footnotes explain for Cronos Group (CRON)?
The footnotes explain each restricted stock unit represents a right to receive one Cronos Group common share. They also note a grant of 195,538 RSUs on March 12, 2025, vesting in three substantially equal annual installments beginning on the first anniversary of that grant.