Hitchcock Jason 4

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.