4//SEC Filing
Montenegro Jenny 4
Accession 0001654954-22-000184
CIK 0001838128other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 6:02 AM ET
Size
12.8 KB
Accession
0001654954-22-000184
Insider Transaction Report
Form 4
Lowell Farms Inc.LOWLF
Montenegro Jenny
Chief Operating Officer
Transactions
- Exercise/Conversion
Subordinate Voting Shares
2022-01-01+28,333→ 31,909 total - Tax Payment
Subordinate Voting Shares
2022-01-01$3543.00/sh−13,226$46,859,718→ 18,683 total - Exercise/Conversion
Restricted Stock Units
2022-01-01−28,333→ 56,667 total→ Subordinate Voting Shares (28,333 underlying)
Holdings
- 300,000
Stock options (right to buy)
Exercise: $0.35Exp: 2026-04-15→ Subordinate Voting Shares (300,000 underlying) - 40,000
Stock options (right to buy)
Exercise: $0.68Exp: 2025-12-10→ Subordinate Voting Shares (40,000 underlying) - 15,000
Stock options (right to buy)
Exercise: $0.85Exp: 2026-01-01→ Subordinate Voting Shares (15,000 underlying)
Footnotes (6)
- [F1]No shares were sold by the Reporting Person. These shares were withheld by the Issuer to fund tax liability attributable to the vesting and settlement of the Restricted Stock Units ("RSUs") reported on this Form 4. These RSUs vested and were settled on January 1, 2022 as originally scheduled, and there were no related discretionary transactions or open market sales
- [F2]Each RSU represents a contingent right to receive one Subordinate Voting Share on the vesting date.
- [F3]The RSUs vest in three equal annual installments beginning on January 1, 2022.
- [F4]50% of the options are vested and exercisable as of the date of this Form 4. The remainder of the options vest and become exercisable in two equal annual installments beginning on December 10, 2022.
- [F5]50% of the options are vested and exercisable as of the date of this Form 4. The remainder of the options vest and become exercisable in two equal annual installments beginning on January 1, 2023.
- [F6]. 25% of the options are vested and exercisable as of the date of this Form 4. The remainder of the options vest and become exercisable in three equal annual installments beginning on April 15, 2022.
Documents
Issuer
Lowell Farms Inc.
CIK 0001838128
Entity typeother
Related Parties
1- filerCIK 0001861497
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 6:02 AM ET
- Size
- 12.8 KB