Cronos officer exercises 20,938 RSUs, covers taxes

Cronos Group Inc. officer Buggy Shannon exercised restricted stock units into common shares as part of equity compensation.

Accepted by SEC EDGAR 03/17/2026 - 05:09 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Cronos Group Inc. officer Buggy Shannon exercised restricted stock units into common shares as part of equity compensation. On March 15, 2026, 20,938 RSUs were converted into 20,938 common shares at a conversion price of $0.00 per share.

To cover tax obligations on this vesting event, 9,202 common shares were withheld at $2.50 per share, which is recorded as a tax-withholding disposition rather than an open-market sale. After these transactions, Shannon directly holds 166,879 common shares of Cronos Group Inc.

The RSUs stem from a March 15, 2023 grant of 62,814 units, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date. The filing shows no remaining derivative securities related to this grant.

Insider Trade Summary

20,938 shares exercised/converted

Exercise 3 txns

Insider Buggy Shannon

Role See Remarks

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNITS	20,938	$0.00	$0.00
Exercise	COMMON SHARES	20,938	$0.00	$0.00
Exercise Price or Tax Liability	COMMON SHARES	9,202	$2.50	$23K

Holdings After Transaction: RESTRICTED STOCK UNITS — 200,906 contracts (Direct); COMMON SHARES — 166,879 shares (Direct)

Holdings Before and After: RESTRICTED STOCK UNITS, 221,844 to 200,906 contracts (Direct); COMMON SHARES, 155,143 to 166,879 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc.
2. F2. On March 15, 2023, the Reporting Person was granted 62,814 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.

FAQ

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

What insider transaction did Cronos Group Inc. (CRON) report for Buggy Shannon?

Cronos Group Inc. reported that officer Buggy Shannon exercised 20,938 restricted stock units into an equal number of common shares. This transaction reflects the vesting of previously granted equity compensation rather than an open-market purchase of additional shares.

How many Cronos Group (CRON) shares does Buggy Shannon hold after this Form 4?

Following the transactions, Buggy Shannon directly holds 166,879 common shares of Cronos Group Inc. This figure reflects the RSU conversion and the share withholding for taxes recorded on March 15, 2026, in the Form 4 filing.

Were any Cronos Group Inc. (CRON) shares sold on the open market in this Form 4?

No open-market sale is reported. The 9,202 common shares shown as a disposition were withheld by the issuer at $2.50 per share to satisfy tax liabilities related to the vesting of restricted stock units, not sold to third-party buyers.

What is the origin and vesting schedule of Buggy Shannon’s RSUs at Cronos (CRON)?

On March 15, 2023, Buggy Shannon was granted 62,814 restricted stock units. These RSUs vest in three substantially equal annual installments, with vesting beginning on the first anniversary of the grant date, leading to the March 15, 2026 conversion reported.

How many Cronos Group (CRON) shares were used to cover taxes in this insider transaction?

A total of 9,202 common shares were withheld at $2.50 per share to cover tax obligations. This withholding is recorded as a disposition under code F, representing payment of tax liability via shares instead of a cash payment.

Does this Cronos Group Inc. (CRON) Form 4 show remaining derivative positions for Buggy Shannon?

The filing’s derivative section shows an exercise of 20,938 restricted stock units into common shares and indicates no remaining derivative securities related to this transaction. The derivativeSummary is empty, suggesting this specific RSU block has been fully converted.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Buggy Shannon

(Last) (First) (Middle)

4491 CONCESSION RD 12

(Street)

STAYNER A6 L0M 1S0

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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

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

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

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	03/15/2026		M		20,938	A	$0(1)	176,081	D
COMMON SHARES	03/15/2026		F		9,202	D	$2.5	166,879	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
RESTRICTED STOCK UNITS	(1)	03/15/2026		M			20,938	(2)	(2)	COMMON SHARES	20,938	$0	200,906	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one common share of Cronos Group Inc.

2. On March 15, 2023, the Reporting Person was granted 62,814 RSUs, vesting in three substantially equal annual installments beginning on the first anniversary of the grant date.

Remarks:

Senior Vice President, Global Head of People

	/s/ Aaron Werner, as attorney-in-fact for Shannon Buggy	03/17/2026
	** 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.
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