Guzman-Clark Vanessa 4

What Happened

• Vanessa Guzman-Clark, Chief Financial Officer of Greenlane Holdings, received a grant/award of 81,500 derivative securities (stock options) on October 20, 2025. The options have an exercise price of $0.01 per share, so exercising all would cost $815 in aggregate. This filing reports an award (A) rather than a market purchase or sale.

Key Details

• Transaction date: 2025-10-20; Form 4 filed: 2026-03-17 (appears to be filed late).
• Option terms: 81,500 options, exercise price $0.01 per share (total exercise cost $815).
• Vesting/expiration (from footnotes): options vest in full upon grant and expire five years from the grant date unless earlier terminated under the 2019 Equity Incentive Plan.
• Allocation source: portion of a 3,000,000-share ESOP distribution approved Oct 14, 2025.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: transaction occurred on 2025-10-20 but Form 4 was submitted on 2026-03-17 (delayed reporting).

Context

• These are option awards (derivative securities). Because they vest immediately, they are exercisable now, but the filing records a grant—there is no reported exercise or sale here. Exercising would require paying the $0.01 strike per share. The late filing reduces near-term transparency but does not change the nature of the award itself.