Christoffersen Stephen 4

4 · KushCo Holdings, Inc. · Filed Sep 1, 2020

Form 4

Period: 2020-08-28

Chief Financial Officer

Transactions

Disposition to Issuer
Option to Purchase
2020-08-28−200,000→ 0 total
Exercise: $6.25Exp: 2028-11-04→ Common Stock (200,000 underlying)
Award
Option to Purchase
2020-08-28+100,000→ 100,000 total
Exercise: $0.58Exp: 2028-11-04→ Common Stock (100,000 underlying)
Disposition to Issuer
Option to Purchase
2020-08-28−100,000→ 0 total
Exercise: $5.94Exp: 2029-02-28→ Common Stock (100,000 underlying)
Award
Option to Purchase
2020-08-28+57,143→ 57,143 total
Exercise: $0.58Exp: 2029-02-28→ Common Stock (57,143 underlying)

Footnotes (4)

[F1]One-third of the shares underlying the option shall be deemed to be vested on the one-year anniversary of November 5, 2018, with the remainder vesting in equal monthly installments over 24 months.
[F2]On August 28, 2020, the issuer canceled, pursuant to the issuer's option exchange program, an option for 200,000 shares of KSHB common stock granted to the reporting person on November 5, 2018. In exchange, the reporting person received a replacement option, for 100,000 shares, having an exercise price of $0.58 a share.
[F3]One-third of the shares underlying the option shall be deemed to be vested on the one-year anniversary of March 1, 2019, with the remainder vesting in equal monthly installments over 24 months.
[F4]On August 28, 2020, the issuer canceled, pursuant to the issuer's option exchange program, an option for 100,000 shares of KSHB common stock granted to the reporting person on March 1, 2019. In exchange, the reporting person received a replacement option, for 57,143 shares, having an exercise price of $0.58 a share.

Documents

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