Grown Rogue (GRUSF) CFO discloses 153,125 shares and multi-year stock options
Rhea-AI Filing Summary
Grown Rogue International Inc. filed a Form 3 showing that Chief Financial Officer Andrew Marchington initially reports beneficial ownership of 153,125 Subordinate Voting Shares, held directly. He also reports three blocks of directly held stock options, each covering 500,000 Subordinate Voting Shares at exercise prices of $0.67, $0.60, and $0.28, with expirations between 2027 and 2028. Footnotes explain that one option grant is fully vested, while the others vest over time through December 31, 2027, indicating a multi‑year equity compensation structure tied to his role.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Marchington Andrew
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Subordinate Voting Shares | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 500,000 shares (Direct);
Subordinate Voting Shares — 153,125 shares (Direct)
Footnotes (1)
- The Stock Options are fully vested. The Stock Options were granted on August 31, 2024. 333,333 Stock Options are vested. The remaining 166,667 Stock Options vest on December 31, 2026. The Stock Options were granted on December 31, 2024. 166,666 Stock Options are vested. The remaining Stock Options vest in equal tranches on December 31, 2026 and December 31, 2027.
Key Figures
Direct share ownership: 153,125 Subordinate Voting Shares
Option grant exercise price: $0.67 per share
Option grant exercise price: $0.60 per share
+4 more
7 metrics
Direct share ownership
153,125 Subordinate Voting Shares
Total shares following transaction for common stock holding
Option grant exercise price
$0.67 per share
Stock Options (Right to Buy), expiration December 31, 2028
Option grant exercise price
$0.60 per share
Stock Options (Right to Buy), expiration August 31, 2027
Option grant exercise price
$0.28 per share
Stock Options (Right to Buy), expiration November 16, 2027
Underlying shares per option block
500,000 underlying Subordinate Voting Shares
Per each of the three option positions reported
Vested options from Aug 31, 2024 grant
333,333 options vested
Remaining 166,667 vest on December 31, 2026
Vested options from Dec 31, 2024 grant
166,666 options vested
Remaining vest in equal tranches on Dec 31, 2026 and Dec 31, 2027
Key Terms
Subordinate Voting Shares, Stock Options (Right to Buy), fully vested, expiration date, +1 more
5 terms
Stock Options (Right to Buy) financial
"security_title: "Stock Options (Right to Buy)""
fully vested financial
"The Stock Options are fully vested."
expiration date financial
"expiration_date": "2028-12-31T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Andrew Marchington report on his Form 3 for GRUSF?
He reports direct ownership of 153,125 Subordinate Voting Shares and several stock option grants. These options give rights to acquire additional shares at fixed prices, forming a significant part of his long-term equity compensation.
What stock options does the Grown Rogue (GRUSF) CFO hold?
He holds three blocks of Stock Options (Right to Buy), each linked to 500,000 Subordinate Voting Shares. Exercise prices are $0.67, $0.60, and $0.28, with expiration dates in 2027 and 2028.
Are the Grown Rogue (GRUSF) CFO’s stock options fully vested?
One grant is described as fully vested. For another grant, 333,333 options are vested and 166,667 vest on December 31, 2026. A third grant has 166,666 options vested, with the balance vesting on December 31, 2026 and December 31, 2027.
What are the exercise prices of the Grown Rogue (GRUSF) CFO’s options?
The reported stock options have exercise prices of $0.67, $0.60, and $0.28 per share. These prices represent the fixed amounts he must pay per share if he chooses to exercise the options before expiration.
When do the Grown Rogue (GRUSF) CFO’s stock options expire?
The options are shown with expiration dates of August 31, 2027, November 16, 2027, and December 31, 2028. Each grant must be exercised, if at all, on or before its respective expiration date to acquire the underlying shares.