Hitchcock Jason 4
4 · Greenlane Holdings, Inc. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Greenlane (GNLN) CEO Jason Hitchcock Receives 250,000 Option Grant
What Happened Jason Hitchcock, CEO of Greenlane Holdings, Inc. (GNLN), received a grant of 250,000 derivative securities on 2026-03-25 — an option award with an exercise price of $0.01 per share (total exercise cost if all options exercised = $2,500). This filing reports a grant/award (not an immediate purchase or sale); the options become exercisable only as they vest under the company plan.
Key Details
- Transaction date: 2026-03-25; Form 4 filed: 2026-04-02 (filed 8 days after the transaction — insiders are generally required to file within 2 business days).
- Award: 250,000 options (derivative); exercise/strike price: $0.01 per share.
- Total nominal exercise cost for all options: $2,500.
- Vesting: Options vest over three years — one‑third on each anniversary of the Vesting Commencement Date (Feb 10, 2026), subject to continued employment (per footnote F3).
- Origin: Allocation from the Company’s 3,000,000-share ESOP distribution approved Oct 14, 2025 (per footnote F2).
- Exercise price note: The $0.01 strike equals the company’s Class A closing price on Feb 10, 2026 (per footnote F1).
- Shares/options owned after transaction: Not specified in the excerpt provided.
- Filing timeliness: The Form 4 was filed several days after the transaction date; this delay may be noted by regulators or investors.
Context This was an option grant (compensation award), not an exercise or sale — Hitchcock did not acquire underlying shares free and clear on the grant date and would need to wait for vesting and then exercise (paying $0.01 per share) to own the stock. Grants are common executive compensation and, by themselves, are not a direct signal of immediate insider buying or selling.
Insider Transaction Report
- Award
Stock Option (right to buy)
[F1][F2][F3]2026-03-25$0.01/sh+250,000$2,500→ 250,000 totalExercise: $0.99Exp: 2036-02-10→ Class A Common Stock (250,000 underlying)
Footnotes (3)
- [F1]The exercise price equals the closing price of Greenlane Holdings, Inc. (the "Company") Class A Common Stock on February 10, 2026.
- [F2]The option allocation is from the Company's 3,000,000 share ESOP distribution approved and ratified by the Board of Directors of the Company on October 14, 2025.
- [F3]Options shall vest, unless earlier terminated under the Company's 2019 Equity Incentive Plan, over three (3) years as follows: one-third of the Option shall vest on each of the three (3) anniversaries of February 10, 2026 (the "Vesting Commencement Date"), such that on the third anniversary of the Vesting Commencement Date the Option shall be fully vested provided that Mr. Hitchcock must be an employee in good standing with the Company on such anniversary in order to vest in the applicable portion of the Option.