4//SEC Filing
Kovacevich Nicholas 4
Accession 0001062993-21-008190
CIK 0001743745other
Filed
Sep 1, 8:00 PM ET
Accepted
Sep 2, 7:16 PM ET
Size
28.1 KB
Accession
0001062993-21-008190
Insider Transaction Report
Form 4
Kovacevich Nicholas
DirectorChief Executive Officer
Transactions
- Award
Option to Purchase
2021-08-31+22,620→ 22,620 totalExercise: $2.09Exp: 2030-04-22→ Class A Common Stock (22,620 underlying) - Award
Option to Purchase
2021-08-31+79,924→ 79,924 totalExercise: $2.09Exp: 2030-04-22→ Class A Common Stock (79,924 underlying) - Award
Option to Purchase
2021-08-31+30,160→ 30,160 totalExercise: $1.93Exp: 2028-10-21→ Class A Common Stock (30,160 underlying) - Award
Option to Purchase
2021-08-31+25,133→ 25,133 totalExercise: $4.41Exp: 2031-03-20→ Class A Common Stock (25,133 underlying) - Gift
Class A Common Stock
2021-09-02−300,000→ 1,293,211 total - Award
Option to Purchase
2021-08-31+150,800→ 150,800 totalExercise: $2.09Exp: 2030-04-22→ Class A Common Stock (150,800 underlying) - Award
Class A Common Stock
2021-08-31+1,593,211→ 1,593,211 total - Award
Class A Common Stock
2021-08-31+1,206,400→ 1,206,400 total(indirect: By Trust) - Award
Option to Purchase
2021-08-31+9,048→ 9,048 totalExercise: $2.09Exp: 2030-04-22→ Class A Common Stock (9,048 underlying) - Award
Option to Purchase
2021-08-31+29,484→ 29,484 totalExercise: $2.62Exp: 2031-08-29→ Class A Common Stock (29,484 underlying)
Footnotes (12)
- [F1]Received in exchange for 5,282,533 shares of common stock of KushCo Holdings, Inc. ("KushCo") pursuant to the Agreement and Plan of Merger, dated as of March 31, 2021, by and among Greenlane Holdings, Inc. ("Greenlane"), Merger Sub Gotham 1, LLC, Merger Sub Gotham 2, LLC and KushCo (the "Merger Agreement"). This number includes 100,582 restricted stock units ("RSUs") that accelerated and vested in full pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each share of KushCo common stock and each KushCo RSU that became fully earned and vested upon closing of the transaction contemplated by the Merger Agreement was converted into the right to receive 0.3016 shares of Greenlane Class A common stock.
- [F10]Received in exchange for options to purchase 265,000 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
- [F11]Received in exchange for options to purchase 100,000 shares of KushCo common stock at an exercise price of $0.58 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
- [F12]Received in exchange for options to purchase 97,761 shares of KushCo common stock at an exercise price of $0.79 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
- [F2]On the date immediately prior to the effective time of the merger, the closing price of Greenlane's Class A common stock was $2.61 per share and the closing price of KushCo's common stock was $0.694 per share
- [F3]Received in exchange for 4,000,000 shares of KushCo common stock pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each share of KushCo common stock that became fully earned and vested upon closing of the transaction contemplated by the Merger Agreement was converted into the right to receive 0.3016 shares of Greenlane Class A common stock.
- [F4]These shares are held in trusts for the benefit of the Reporting Person and the Reporting Person's spouse. The Reporting Person held investment control over all shares held by such trusts until September 2, 2021, on which date investment control over one of the trusts that owns 506,688 shares of Greenlane Class A common stock was transferred to an independent investment advisor. As a result, the Reporting Person no longer has beneficial ownership of such shares and the shares will not be included in the Reporting Person's future Section 16 reports. The Reporting Person retains investment control over the remaining 699,712 shares of Greenlane Class A common stock held in trusts.
- [F5]The Reporting Person transferred these shares of Greenlane Class A common stock to a trust for the benefit of the Reporting Person's family members, over which the Reporting Person has no pecuniary interest or investment control.
- [F6]Received in exchange for options to purchase 83,333 shares of KushCo common stock at an exercise price of $1.33 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
- [F7]Received in exchange for options to purchase 500,000 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
- [F8]Received in exchange for options to purchase 30,000 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
- [F9]Received in exchange for options to purchase 75,000 shares of KushCo common stock at an exercise price of $0.63 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
Issuer
Greenlane Holdings, Inc.
CIK 0001743745
Entity typeother
Related Parties
1- filerCIK 0001637032
Filing Metadata
- Form type
- 4
- Filed
- Sep 1, 8:00 PM ET
- Accepted
- Sep 2, 7:16 PM ET
- Size
- 28.1 KB