Grown Rogue director reports 170K stock options

Grown Rogue International Inc. director Stephen Gledhill filed an initial ownership report showing stock options to acquire subordinate voting shares.

Rhea-AI Filing Summary

Grown Rogue International Inc. director Stephen Gledhill filed an initial ownership report showing stock options to acquire subordinate voting shares. The filing lists stock options with an exercise price of $0.6000 per share for an underlying 170,000 subordinate voting shares, expiring on August 31, 2027. According to the footnote, 113,333 of these options are currently vested, while the remaining 56,667 are scheduled to vest on December 31, 2026.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gledhill Stephen

Role Director

Type	Security	Shares	Price	Value
holding	Stock Options (Right to Buy)	--	--	--

Holdings After Transaction: Stock Options (Right to Buy) — 170,000 contracts (Direct)

Footnotes (1)

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.

Key Figures

Underlying option shares: 170,000 shares Exercise price: $0.6000 per share Options vested: 113,333 options +2 more

5 metrics

Underlying option shares 170,000 shares Subordinate Voting Shares underlying reported stock options

Exercise price $0.6000 per share Stock options (Right to Buy) exercise price

Options vested 113,333 options Vested portion of options granted August 31, 2024

Options to vest 56,667 options Scheduled to vest on December 31, 2026

Option expiration August 31, 2027 Expiration date for reported stock options

Key Terms

Stock Options (Right to Buy), Subordinate Voting Shares, exercise price, vest, +1 more

5 terms

Stock Options (Right to Buy) financial

"security_title: Stock Options (Right to Buy)"

Subordinate Voting Shares financial

"underlying_security_title: Subordinate Voting Shares"

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.

exercise price financial

"exercisePrice: 0.6000"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vest financial

"The remaining 56,667 Stock Options vest on December 31, 2026."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

expiration date financial

"expiration_date: 2027-08-31T00:00:00.000Z"

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.

FAQ

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

What did Gledhill Stephen report in Form 3 for GRUSF?

Gledhill Stephen reported ownership of stock options for Grown Rogue International Inc. The options relate to 170,000 underlying subordinate voting shares at a $0.6000 exercise price, providing context on his derivative-based exposure rather than any recent share purchase or sale.

How many Grown Rogue (GRUSF) shares are covered by the reported options?

The reported stock options cover 170,000 underlying subordinate voting shares. This means, if exercised at the stated $0.6000 per share, they could convert into 170,000 shares, subject to the vesting schedule and the expiration date of August 31, 2027.

What is the vesting schedule of Gledhill Stephen’s GRUSF stock options?

The options were granted on August 31, 2024, with 113,333 options already vested. The remaining 56,667 options are scheduled to vest on December 31, 2026, indicating a multi-year vesting structure tied to continued service or performance conditions.

When do Gledhill Stephen’s Grown Rogue stock options expire?

The stock options reported in the Form 3 expire on August 31, 2027. After that date, any unexercised options will lapse, so the exercisability window runs from their grant and vesting dates through this expiration date, as disclosed in the filing.

What is the exercise price of the GRUSF stock options held by Gledhill Stephen?

The options have an exercise price of $0.6000 per underlying subordinate voting share. This fixed price is the cost per share if the options are exercised before the August 31, 2027 expiration date, assuming the relevant tranches have vested as scheduled.

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

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Accepted by SEC EDGAR 06/26/2026 - 03:55 PM EDT 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^*

Gledhill Stephen

(Last) (First) (Middle)

431D ORCHARD AVENUE

(Street)

COBOURG K9A 3T7

(City) (State) (Zip)

ONTARIO, CANADA

(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)

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

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.

	Gledhill Stephen	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)