Ruden Brian 4
4 · Medicine Man Technologies, Inc. · Filed Dec 2, 2022
Insider Transaction Report
Form 4
Ruden Brian
Director
Transactions
- Sale
Series A Cumulative Convertible Preferred Stock
2022-11-30$1000.00/sh−1,781$1,781,000→ 5,646 totalExercise: $1.20→ Common Stock (1,727,214 underlying)
Footnotes (3)
- [F1]Subject to adjustment, as described in the Certificate of Designation of Series A Cumulative Convertible Preferred Stock (the "Certificate of Designation") of Medicine Man Technologies, Inc. (the "Company").
- [F2]The shares of Series A Cumulative Convertible Preferred Stock (the "Series A Preferred Shares") are convertible into shares of the Company's common stock (the "Common Shares") upon the events specified in the Certificate of Designation. The Series A Preferred Shares have no expiration date.
- [F3]Represents the number of Common Shares issuable upon conversion of the Series A Preferred Shares on the date of the reported transaction. Each Series A Preferred Share shall be convertible into that number of Common Shares equal to the preference amount (initially $1,000) plus any accrued dividends with respect to such share, divided by the conversion price (initially $1.20), subject to adjustment as set forth in the Certificate of Designation. The Series A Preferred Shares earn a cumulative dividend of 8% per annum.