4//SEC Filing
LoCascio Aaron 4
Accession 0001062993-22-016603
CIK 0001743745other
Filed
Jul 20, 8:00 PM ET
Accepted
Jul 21, 4:02 PM ET
Size
13.1 KB
Accession
0001062993-22-016603
Insider Transaction Report
Form 4
LoCascio Aaron
DirectorChief Executive Officer10% Owner
Transactions
- Gift
Class A Common Stock
2022-03-15−619,824→ 84,259 total - Other
Class B Common Stock
2022-07-19−9,592,827→ 0 total(indirect: See footnote) - Conversion
Common Units
2022-07-19−9,592,827→ 0 total(indirect: See footnote)→ Class A Common Stock (9,592,827 underlying) - Conversion
Class A Common Stock
2022-07-19+9,592,827→ 10,296,910 total - Gift
Class A Common Stock
2022-07-19−9,592,827→ 704,083 total
Footnotes (5)
- [F1]The Reporting Person transferred shares of Class A Common Stock to trusts for estate planning purposes, over which the Reporting Person does not have voting or investment control.
- [F2]Immediately following the redemption of 15,998,046 Common Units for shares of Class A common stock, Jacoby (as defined below) distributed the shares of Class A common stock to its stockholders, including the Reporting Person. The number of shares of Class B common stock and Common Units shown as disposed and the number of shares of Class A common stock shown as acquired by the Reporting Person represent shares of Class A common stock distributed directly to the Reporting Person in proportion to his pecuniary interest in Jacoby.
- [F3]Pursuant to the Operating Company's (as defined below) Fourth Amended and Restated Operating Agreement, the common membership interests in the Operating Company (the "Common Units") are redeemable on a one-for-one basis for shares of Class A common stock of the Issuer, or, at the election of the Issuer, cash equal to a volume weighted average market price of a share of Class A common stock. Upon any redemption of Common Units, one share of Class B common stock is automatically forfeited and cancelled for each Common Unit so redeemed. On July 19, 2022, Jacoby tendered 15,998,046 Common Units for redemption and was issued 15,998,046 shares of Class A common stock.
- [F4]The reporting person is a stockholder of Jacoby & Co. Inc. ("Jacoby"), which is a member of Greenlane Holdings, LLC (the "Operating Company") and is the direct record owner of the securities described herein. The reporting person shared voting control of such securities owned by Jacoby and had a pecuniary interest in such securities held by Jacoby.
- [F5]The Common Units had no expiration date.
Issuer
Greenlane Holdings, Inc.
CIK 0001743745
Entity typeother
Related Parties
1- filerCIK 0001773162
Filing Metadata
- Form type
- 4
- Filed
- Jul 20, 8:00 PM ET
- Accepted
- Jul 21, 4:02 PM ET
- Size
- 13.1 KB