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Grown Rogue (GRUSF) director Conacher reports 485,000 shares and stock options

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Grown Rogue International Inc. director Sean Conacher has filed an initial Form 3 showing his equity stake in the company. He directly holds 485,000 Subordinate Voting Shares. He also holds several stock option grants, including options over 170,000 shares at an exercise price of $0.60 per share and additional options over Subordinate Voting Shares at $0.11 per share, with expirations in 2027. Footnotes indicate one option grant is fully vested, while another 170,000-share grant vests in tranches, with 113,333 options already vested and 56,667 scheduled to vest on December 31, 2026.

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Insider Conacher Sean
Role null
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) — 350,000 shares (Direct, null); Subordinate Voting Shares — 485,000 shares (Direct, null)
Footnotes (1)
  1. The Stock Options are fully vested. 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.
Direct share holdings 485,000 Subordinate Voting Shares Reported direct ownership on Form 3
Options at $0.60 170,000 underlying shares at $0.60 Stock Options (Right to Buy), expiration 2027-08-31
Options at $0.11 (grant 1) 400,000 underlying shares at $0.11 Stock Options (Right to Buy), expiration 2027-01-10
Options at $0.11 (grant 2) 350,000 underlying shares at $0.11 Stock Options (Right to Buy), expiration 2027-01-10
Vested portion of 2024 grant 113,333 stock options vested Part of 170,000 options granted August 31, 2024
Unvested portion of 2024 grant 56,667 stock options vesting Remaining options vest on December 31, 2026
Subordinate Voting Shares financial
"He directly holds 485,000 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.
Stock Options (Right to Buy) financial
"He also holds several stock option grants, including Stock Options (Right to Buy)."
exercise price financial
"options over 170,000 shares at an exercise price of $0.60 per share"
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.
fully vested financial
"Footnotes indicate one option grant is fully vested."
Form 3 financial
"has filed an initial Form 3 showing his equity stake"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
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SEC Form 3
FORM 3UNITED 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*
Conacher Sean
(Last)(First)(Middle)
102 WENSLEY STREET
(Street)
CLARKSBURGN0H 1J0
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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 Shares485,000D
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 ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (Right to Buy) (1)01/10/2027Subordinate Voting Shares350,000$0.11D
Stock Options (Right to Buy) (1)01/10/2027Subordinate Voting Shares400,000$0.11D
Stock Options (Right to Buy) (2)08/31/2027Subordinate Voting Shares170,000$0.6D
Explanation of Responses:
1. The Stock Options are fully vested.
2. 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.
Conacher Sean06/26/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What does Sean Conacher’s Form 3 for Grown Rogue (GRUSF) disclose?

The Form 3 discloses Sean Conacher’s existing ownership in Grown Rogue, including 485,000 Subordinate Voting Shares and multiple stock option grants. It establishes his baseline equity position as a director at the time he became a reporting insider.

How many Grown Rogue (GRUSF) shares does Sean Conacher directly hold?

Sean Conacher directly holds 485,000 Subordinate Voting Shares of Grown Rogue International Inc. This figure represents his reported direct ownership in the company’s equity at the time of the Form 3 filing, before any future trades or option exercises.

What stock options are reported for Sean Conacher in Grown Rogue (GRUSF)?

The filing lists stock options over 170,000 Subordinate Voting Shares at an exercise price of $0.60 and additional options with an exercise price of $0.11. These options give him the right to buy shares at those prices before their stated expiration dates in 2027.

What is the vesting schedule for Sean Conacher’s Grown Rogue (GRUSF) options?

One option grant is described as fully vested. Another 170,000-share grant, awarded on August 31, 2024, has 113,333 options already vested, with the remaining 56,667 scheduled to vest on December 31, 2026, according to the footnotes.

Does the Form 3 for Grown Rogue (GRUSF) show any recent buy or sell transactions?

No specific buy or sell transactions are identified in the data provided. The entries are characterized as holdings, indicating Sean Conacher’s existing share and option positions rather than new market purchases or sales during the reported period.