4//SEC Filing
Leibowitz Glen S 4
Accession 0001567619-20-020107
CIK 0001762359other
Filed
Nov 18, 7:00 PM ET
Accepted
Nov 19, 4:48 PM ET
Size
13.1 KB
Accession
0001567619-20-020107
Insider Transaction Report
Form 4
Acreage Holdings, Inc.ACRG.A
Leibowitz Glen S
Chief Financial Officer
Transactions
- Sale
Common Stock - Class E Subordinate Voting Shares
2020-11-18$3.44/sh−1,589$5,469→ 856,779 total - Sale
Common Stock - Class D Subordinate Voting Shares
2020-11-18$3.15/sh−703$2,215→ 367,168 total
Holdings
- 72,000
Stock Option (Right to Buy)
Exercise: $7.50Exp: 2028-11-14→ Common Stock - Class D Subordinate Voting Shares (72,000 underlying) - 168,000
Stock Option (Right to Buy)
Exercise: $17.50Exp: 2028-11-14→ Common Stock - Class E Subordinate Voting Shares (168,000 underlying) - 330(indirect: By IRA)
Common Stock - Class D Subordinate Voting Shares
- 770(indirect: By IRA)
Common Stock - Class E Subordinate Voting Shares
- 216,064
Common Units of High Street Capital Partners, LLC
→ See Footnote (216,064 underlying)
Footnotes (4)
- [F1]Shares sold solely for the purpose of paying taxes applicable as a result of the vesting of restricted stock units.
- [F2]Pursuant to the Amended Arrangement between Canopy Growth Corporation and Acreage Holdings, Inc., implemented on September 23, 2020, Acreage's articles have been amended to create new Class E subordinate voting shares (the "Fixed Shares"), Class D subordinate voting shares (the "Floating Shares") and Class F multiple voting shares (the "Fixed Multiple Shares"). Each existing Class A subordinate voting share of Acreage (each, a "Subordinate Voting Share") has been exchanged for 0.7 of a Fixed Share and 0.3 of a Floating Share, each existing Class B proportionate voting share (each, a "Proportionate Voting Share") has been exchanged for 28 Fixed Shares and 12 Floating Shares and each existing Class C multiple share (each, a "Multiple Voting Share") has been exchanged for 0.7 of a Fixed Multiple Share and 0.3 of a Floating Share.
- [F3]One-third of the options vested on November 14, 2019. The remaining options vest ratably over the subsequent eight quarters.
- [F4]These Units are convertible into 0.7 of a Class E subordinate voting share and 0.3 of a Class D subordinate voting share or the cash equivalent thereof at the option of Acreage Holdings, Inc. as set forth in the High Street Capital Partners, LLC Third Amended and Restated Operating Agreement.
Documents
Issuer
Acreage Holdings, Inc.
CIK 0001762359
Entity typeother
Related Parties
1- filerCIK 0001796877
Filing Metadata
- Form type
- 4
- Filed
- Nov 18, 7:00 PM ET
- Accepted
- Nov 19, 4:48 PM ET
- Size
- 13.1 KB