True Harvest, LLC 3
3 · Greenrose Holding Co Inc. · Filed Jan 11, 2022
Insider Transaction Report
Form 3
True Harvest, LLC
10% Owner
Holdings
Convertible Promissory Note
Exercise: $10.00From: 2021-12-31Exp: 2024-12-31→ Common Stock (2,300,000 underlying)- 4,430,378
Common Stock
Footnotes (2)
- [F1]Represents shares held by True Harvest, LLC ("True Harvest"). Michael Macchiaroli is the sole manager of True Harvest and disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
- [F2]Represents shares (the "Convertible Note Shares") issuable upon conversion of a convertible promissory note (the "Convertible Note") in the aggregate principal amount of $23 million held by True Harvest. The Convertible Note bears interest at a rate of 8.0% per annum and matures on December 31, 2024. All amounts of principal and interest under the Convertible Note may be paid in shares of common stock of The Greenrose Holding Company Inc. at a conversion price equal to $10.00, subject to adjustment, or, at True Harvest's election, in cash. The number of Convertible Note Shares reported in this Column 3 excludes shares issuable at the election of True Harvest upon conversion of accrued interest under the Convertible Note. Michael Macchiaroli is the sole manager of True Harvest and disclaims beneficial ownership of the Convertible Note Shares except to the extent of his pecuniary interest therein.