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Cronos Group Inc. — Director's Dealing 2022
Nov 11, 2022
32126_dirs_2022-11-10_94d6f14c-323a-4158-9a9f-c2fb4f2c82f1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Cronos Group Inc. (CRON)
CIK: 0001656472
Period of Report: 2022-11-08
Reporting Person: ADLER JASON MARC (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-11-08 | COMMON SHARES | A | 51002 | $2.7421 | Acquired | 51002 | Indirect |
| 2022-11-08 | COMMON SHARES | A | 118998 | $2.7421 | Acquired | 118998 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-11-08 | DEFERRED SHARE UNITS | $ | A | 53763.44 | Acquired | COMMON SHARES (53763.44) | Direct |
Footnotes
F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $2.715 to $2.795. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F2: Gotham Green GP III, LLC is the general partner of Gotham Green Fund III, LP. Mr. Adler, as the Managing Member of Gotham Green GP III, LLC, may be deemed to be the indirect beneficial owner of such shares for purposes of Section 16 of the Exchange Act. Mr. Adler disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest.
F3: Gotham Green GP III, LLC is the general partner of Gotham Green Fund III (Q), LP. Mr. Adler, as the Managing Member of Gotham Green GP III, LLC, may be deemed to be the indirect beneficial owner of such shares for purposes of Section 16 of the Exchange Act. Mr. Adler disclaims that he is the beneficial owner of such shares, except to the extent of his pecuniary interest.
F4: Upon redemption, Deferred Share Units entitle Mr. Adler to receive a lump sum cash payment in an amount equal to the fair market value of Company common shares on the date of redemption.
F5: Vested Deferred Share Units are mandatorily redeemed by Cronos Group Inc. (the "Company") on the first trading day after Mr. Adler ceases to be a director of the Company.