Grown Rogue International director granted 120,000 RSUs

Kee Ryan reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Kee Ryan reported acquisition or exercise transactions in this Form 4 filing.

Grown Rogue International Inc. director Kee Ryan reported a grant of 120,000 restricted stock units (RSUs) on July 21, 2026 under the issuer’s equity incentive plan. Each RSU represents one subordinate voting share and will vest in full on the earlier of January 1, 2029 or immediately upon his termination of service; the RSUs do not expire.

Insider Trade Summary

Grant/Award: 120,000 shares

Grant/Award 1 txn

Insider Kee Ryan

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units F1, F2, F3	120,000	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 120,000 contracts (Direct)

Footnotes (3)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one subordinate voting share.
2. F2. The RSUs were granted on July 21, 2026 under the Issuer's equity incentive plan. The RSU's will vest in full on the earlier of (i) January 1, 2029, or (ii) immediately on the date of the reporting person's termination of service.
3. F3. The RSUs do not expire.

Key Figures

RSUs granted: 120,000 RSUs Underlying shares: 120,000 subordinate voting shares Vesting date: January 1, 2029 +2 more

5 metrics

RSUs granted 120,000 RSUs Restricted stock units granted to director Kee Ryan on July 21, 2026

Underlying shares 120,000 subordinate voting shares Each RSU represents a contingent right to receive one subordinate voting share

Vesting date January 1, 2029 RSUs vest in full on the earlier of this date or termination of service

Price per RSU $0.0000 Grant price per RSU reported for the July 21, 2026 award

Holdings after transaction 120,000 RSUs Total RSU holdings directly owned by Kee Ryan following the grant

Key Terms

Restricted Stock Units, subordinate voting share, equity incentive plan

3 terms

Restricted Stock Units financial

"Each restricted stock unit ("RSU") represents a contingent right to receive one subordinate voting share."

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.

subordinate voting share financial

"Each restricted stock unit ("RSU") represents a contingent right to receive one subordinate voting share."

A subordinate voting share is a class of common stock that provides the same claim on a company’s profits as other shares but carries fewer voting rights on corporate decisions. For investors this matters because it affects how much influence they have over management and strategy—like owning the same size slice of a pie but having a smaller voice at the decision table—which can impact control, governance and long‑term value.

equity incentive plan financial

"The RSUs were granted on July 21, 2026 under the Issuer's equity incentive plan."

An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.

FAQ

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

What insider transaction did Grown Rogue International (GRUSF) report for Kee Ryan?

Director Kee Ryan reported receiving 120,000 restricted stock units (RSUs) on July 21, 2026. The award was granted under Grown Rogue International Inc.’s equity incentive plan and is structured as a contingent right to receive subordinate voting shares.

How many RSUs did director Kee Ryan hold in Grown Rogue International (GRUSF) after the reported grant?

After the grant, director Kee Ryan held 120,000 RSUs directly. These RSUs are each linked to one subordinate voting share, so the award represents potential future delivery of 120,000 subordinate voting shares upon vesting and settlement conditions being met.

What are the vesting terms of Kee Ryan’s RSUs at Grown Rogue International (GRUSF)?

The RSUs will vest in full on the earlier of January 1, 2029, or immediately on the date of Kee Ryan’s termination of service. Once vested, each RSU entitles the holder to receive one subordinate voting share from the company.

Do the RSUs granted to Kee Ryan at Grown Rogue International (GRUSF) ever expire?

According to the disclosure, the RSUs do not expire. They remain outstanding until they vest and are settled in subordinate voting shares or otherwise are addressed under the terms of the company’s equity incentive plan and the award agreement.

What does each RSU granted to Kee Ryan by Grown Rogue International (GRUSF) represent?

Each RSU represents a contingent right to receive one subordinate voting share. This means no share is issued immediately; instead, shares are delivered if and when vesting conditions are satisfied and the units settle under the plan’s terms.

Was Kee Ryan’s RSU grant at Grown Rogue International (GRUSF) made under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox was not marked as affirming that the transaction was made pursuant to a Rule 10b5-1 trading plan. No footnote indicates that this particular RSU grant was executed under such a pre-arranged plan.

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

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Accepted by SEC EDGAR 07/28/2026 - 10:58 AM EDT Learn about SEC filing dates

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^*

Kee Ryan

(Last) (First) (Middle)

3527 WEST EXCELL LANE

(Street)

SPOKANE WASHINGTON 99208

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/21/2026

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

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

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

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

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)	07/21/2026		A		120,000		(2)	(3)	Subordinate Voting Shares	120,000	$0(1)	120,000	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one subordinate voting share.

2. The RSUs were granted on July 21, 2026 under the Issuer's equity incentive plan. The RSU's will vest in full on the earlier of (i) January 1, 2029, or (ii) immediately on the date of the reporting person's termination of service.

3. The RSUs do not expire.

	Ryan Kee	07/28/2026
	** 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.
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 4: SEC 1474 (03-26)