4/A//SEC Filing
LoCascio Aaron 4/A
Accession 0001062993-22-017195
CIK 0001743745other
Filed
Aug 2, 8:00 PM ET
Accepted
Aug 3, 4:59 PM ET
Size
13.9 KB
Accession
0001062993-22-017195
Insider Transaction Report
Form 4/AAmended
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) - Gift
Class A Common Stock
2022-07-19−9,592,827→ 84,259 total - Conversion
Class A Common Stock
2022-07-19+9,592,827→ 9,677,086 total - Conversion
Common Units
2022-07-19−9,592,827→ 0 total(indirect: See footnote)→ Class A Common Stock (9,592,827 underlying)
Footnotes (6)
- [F1]Explanatory Note: This amended Form 4 is being filed to correct the Form 4 filed on July 21, 2022 (the "Original Form 4"), to correct inadvertent scriveners' errors with regard to the "Amount of Securities Beneficially Owned Following Reported Transaction(s)" for each transaction reported in the Original Form 4. All other information previously reported in the Original Form 4, and restated in this amended Form 4, remains correct.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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/A
- Filed
- Aug 2, 8:00 PM ET
- Accepted
- Aug 3, 4:59 PM ET
- Size
- 13.9 KB