Navy Capital Green Management Partners LLC 4
4 · CLS Holdings USA, Inc. · Filed Jan 7, 2022
Insider Transaction Report
Form 4
Navy Capital Green Management LLC
10% Owner
Transactions
- Purchase
Warrants
2022-01-04$0.41/sh+606,060$250,000→ 28,758,914 total(indirect: See Remark(1) and Footnotes)Exercise: $0.41From: 2022-01-04Exp: 2025-01-04→ Common Stock (606,060 underlying)
Footnotes (2)
- [F1]This amount reflects the amount of derivative securities held by the Fund and the Co-Investment Fund immediately following the transaction requiring the filing of this statement. The transaction was a private placement purchase in which the Fund purchased a $500,000 unsecured, non-convertible promissory note and warrants to purchase 606,060 shares of Common Stock, with an exercise price of $0.4125 per share of Common Stock. No additional consideration was paid for the warrants. In accordance with Instruction 5(b)(iv) of Form 3, the entire amount of the Issuer's derivative securities held by the Fund and Co-Investment Fund is reported herein.
- [F2]Footnote (1) continued: Each of the Investment Manager, NCG, NCGP, John Kaden, Chetan Gulati and Sean Stiefel disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his/its indirect pecuniary interest therein, and this report shall not be deemed an admission that either the Investment Manager, NCG, NCGP, John Kaden, Chetan Gulati and Sean Stiefel are the beneficial owner of such securities for purposes of Section 16 or for any other purposes.