Grown Rogue director discloses 1.11M shares, RSUs, options

Grown Rogue International Inc. director Kee Ryan filed an initial ownership report showing existing equity interests in the company.

Rhea-AI Filing Summary

Grown Rogue International Inc. director Kee Ryan filed an initial ownership report showing existing equity interests in the company. Ryan holds 1,112,500 Subordinate Voting Shares directly, plus equity awards that can convert into additional shares over time.

The filing lists 93,750 Restricted Stock Units (RSUs), each representing a contingent right to receive one Subordinate Voting Share, with all RSUs fully vested and not subject to expiration. It also shows 170,000 stock options with a $0.60 exercise price, granted on August 31, 2024, of which 113,333 are vested and 56,667 are scheduled to vest on December 31, 2026.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Kee Ryan

Role Director

Type	Security	Shares	Price	Value
holding	Stock Options (Right to Buy)	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Subordinate Voting Shares	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 170,000 contracts (Direct); Restricted Stock Units — 93,750 contracts (Direct); Subordinate Voting Shares — 1,112,500 shares (Direct)

Footnotes (4)

1. F1. The Stock Options were granted on August 31, 2024. 113,333 Stock Options are vested. The remaining 56,667 Stock Options vest on December 31, 2026.
2. F2. The Restricted Share Units ("RSUs") were granted on December 31, 2024. All of the RSUs are fully vested.
3. F3. The RSUs do not expire.
4. F4. Each RSU represents a contingent right to receive one Subordinate Voting Share.

Key Figures

Direct common shares: 1,112,500 shares Restricted Stock Units: 93,750 RSUs Stock options total: 170,000 options +3 more

6 metrics

Direct common shares 1,112,500 shares Subordinate Voting Shares held directly as of the filing

Restricted Stock Units 93,750 RSUs Fully vested RSUs, each for one Subordinate Voting Share

Stock options total 170,000 options Options on Subordinate Voting Shares at $0.60 exercise price

Option exercise price $0.60 per share Exercise price for 170,000 stock options

Vested stock options 113,333 options Portion of options currently vested from August 31, 2024 grant

Unvested options 56,667 options Options scheduled to vest on December 31, 2026

Key Terms

Subordinate Voting Shares, Restricted Stock Units, Stock Options (Right to Buy), vested

4 terms

Subordinate Voting Shares financial

"The filing lists 1,112,500 Subordinate Voting Shares held directly."

Subordinate voting shares are a type of company stock that typically carry fewer voting rights than regular shares, meaning holders have less influence over company decisions. They are often used to raise capital while allowing founders or main shareholders to retain control. For investors, understanding the difference helps assess their level of influence in company decisions and the potential risks or benefits of holding different types of shares.

Restricted Stock Units financial

"The filing lists 93,750 Restricted Stock Units, all fully vested."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Stock Options (Right to Buy) financial

"It also shows 170,000 Stock Options (Right to Buy) with a $0.60 exercise price."

vested financial

"113,333 Stock Options are vested and 56,667 vest on December 31, 2026."

FAQ

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

What did Grown Rogue (GRUSF) director Kee Ryan report on this Form 3?

Kee Ryan reported existing ownership in Grown Rogue, including 1,112,500 Subordinate Voting Shares, 93,750 fully vested RSUs, and 170,000 stock options at a $0.60 exercise price. This is an initial disclosure of holdings, not a new transaction.

How many Grown Rogue (GRUSF) common shares does Kee Ryan directly own?

Kee Ryan directly owns 1,112,500 Subordinate Voting Shares of Grown Rogue. These shares represent the core equity position reported, separate from any additional shares that could be issued from Restricted Stock Units or stock options disclosed in the same filing.

What equity awards did Kee Ryan disclose in Grown Rogue (GRUSF) stock?

The filing shows 93,750 Restricted Stock Units and 170,000 stock options tied to Subordinate Voting Shares. All RSUs are fully vested, while a portion of the options is vested and the remainder is scheduled to vest on a future date.

Are Kee Ryan’s Grown Rogue (GRUSF) Restricted Stock Units vested and do they expire?

All 93,750 RSUs reported for Kee Ryan are fully vested and do not expire. Each RSU represents a contingent right to receive one Subordinate Voting Share, providing additional potential equity beyond currently owned common shares.

What are the terms of Kee Ryan’s stock options in Grown Rogue (GRUSF)?

Kee Ryan has 170,000 stock options with a $0.60 exercise price, granted on August 31, 2024. Of these, 113,333 options are vested and 56,667 are scheduled to vest on December 31, 2026, subject to the original grant terms.

Does this Grown Rogue (GRUSF) Form 3 show any insider buying or selling by Kee Ryan?

The Form 3 reflects existing holdings and equity awards for Kee Ryan rather than new purchase or sale activity. The transactions are categorized as holdings, with no explicit buy or sell transactions reported in this filing’s summary data.

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

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Accepted by SEC EDGAR 06/26/2026 - 03:28 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Kee Ryan

(Last) (First) (Middle)

3527 WEST EXCELL LANE

(Street)

SPOKANE WASHINGTON 99208

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2026

3. Issuer Name and Ticker or Trading Symbol
Grown Rogue International Inc. [ GRUSF ]

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Subordinate Voting Shares	1,112,500	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	(1)	08/31/2027	Subordinate Voting Shares	170,000	$0.6	D
Restricted Stock Units	(2)	(3)	Subordinate Voting Shares	93,750	(4)	D

Explanation of Responses:

1. The Stock Options were granted on August 31, 2024. 113,333 Stock Options are vested. The remaining 56,667 Stock Options vest on December 31, 2026.

2. The Restricted Share Units ("RSUs") were granted on December 31, 2024. All of the RSUs are fully vested.

3. The RSUs do not expire.

4. Each RSU represents a contingent right to receive one Subordinate Voting Share.

	Kee Ryan	06/26/2026
	** 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 5 (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 3: SEC 1473 (03-26)