LANE MICHAEL JAY 4
4 · MedMen Enterprises, Inc. · Filed Oct 5, 2021
Insider Transaction Report
Form 4
Transactions
- Award
Class B Subordinate Voting Shares
2021-08-29+781,809→ 2,154,816 total - Award
Employee Stock Options (right to buy)
2021-08-29+196,851→ 196,851 totalExercise: $0.28From: 2021-08-29Exp: 2026-08-29→ Class B Subordinate Voting Shares (196,851 underlying)
Footnotes (3)
- [F1]Issued pursuant to Issuer's 2018 Stock Incentive Plan.
- [F2]Represents restricted stock units ("RSUs"), which vest annually over four years beginning 6/30/2022, with 37.5% of shares vesting on 6/30/2022 and 6/30/2024, and 12.5% of shares vesting on 6/30/2023 and 6/30/2025. RSUs are equivalent to Issuer's Class B Subordinate Voting Shares and may be settled solely by delivery of an equal number of such shares of Issuer.
- [F3]Such options have an exercise price of CAN$0.355, which is US$0.2814 at an exchange rate of 1.2635.