Shure Brian 4

Accession 0001654954-22-017056

CIK 0001838128other

View on SEC.gov Company Profile

Filed

Dec 28, 7:00 PM ET

Accepted

Dec 29, 7:23 PM ET

Size

19.2 KB

Accession

0001654954-22-017056

Insider Transaction Report

Form 4

Period: 2022-12-23

Lowell Farms Inc.LOWLF

Shure Brian

DirectorChief Financial Officer

Transactions

Exercise/Conversion
Restricted Stock Units
2022-12-23−25,000→ 25,000 total
→ Subordinate Voting Shares (25,000 underlying)
Award
Stock Options (right to buy)
2022-12-23+75,000→ 75,000 total
Exercise: $0.09Exp: 2028-12-23→ Subordinate Voting Shares (75,000 underlying)
Exercise/Conversion
Subordinate Voting Shares
2022-12-23+25,000→ 84,776 total
Award
Stock Options (right to buy)
2022-12-23+150,000→ 150,000 total
Exercise: $0.09Exp: 2028-12-23→ Subordinate Voting Shares (150,000 underlying)

Holdings

Stock Options (right to buy)
Exercise: $0.31Exp: 2028-01-13→ Subordinate Voting Shares (125,000 underlying)
125,000
Stock Options (right to buy)
Exercise: $0.31Exp: 2028-01-13→ Subordinate Voting Shares (300,000 underlying)
300,000
Subordinate Voting Shares
(indirect: See footnote)
300,000
Subordinate Voting Shares
(indirect: See footnote)
824,000
Subordinate Voting Shares
(indirect: See footnote)
184,800
Stock Options (right to buy)
Exercise: $0.31Exp: 2028-01-13→ Subordinate Voting Shares (75,000 underlying)
75,000
Subordinate Voting Shares
(indirect: See footnote)
1,882,000

Footnotes (11)

[F1]Held by Ambrose Capital Holdings, LP. Mr. Shure is the President of Ambrose Capital Partners, LLC, which is the general partner of Ambrose Capital Holdings, LP. Mr. Shure disclaims beneficial ownership of the securities held by Ambrose Capital Holdings, LP except to the extent of his pecuniary interest therein.
[F10]25% of the options vest and become exercisable at the end of each calendar quarter in 2022.
[F11]25% of the options vest and become exercisable on the first day of each calendar quarter in 2022.
[F2]Held by AMTG Holdings, LLLP. Mr. Shure is the President of AMTG Management, Inc., which is the general partner of AMTG Holdings, LLLP. Mr. Shure disclaims beneficial ownership of the securities held by AMTG Holdings, LLLP except to the extent of his pecuniary interest therein.
[F3]Held by HSK Holdings, LLC. Mr. Shure is the Managing Member of HSK Holdings, LLC. Mr. Shure disclaims beneficial ownership of the securities held by HSK Holdings, LLC except to the extent of his pecuniary interest therein.
[F4]Held by the Brian K. Shure Charitable Lead Annuity Trust, of which the reporting person is the trustee and of which the reporting person's three children are the beneficiaries.
[F5]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one Subordinate Voting Share on the vesting date.
[F6]The RSUs vest in three equal annual installments beginning on December 23, 2021.
[F7]25% of the options vest and become exercisable at the end of each calendar quarter in 2023.
[F8]25% of the options vest and become exercisable on each of the first four anniversaries of the date of grant.
[F9]25% of the options vest and become exercisable on each of the first four anniversaries of the date of grant.

Documents

1 file

4
section16.xmlPrimary
PRIMARY DOCUMENT

Issuer

Lowell Farms Inc.

CIK 0001838128

→

Entity typeother

Related Parties

filerCIK 0001861410

Filing Metadata

Form type: 4
Filed: Dec 28, 7:00 PM ET
Accepted: Dec 29, 7:23 PM ET
Size: 19.2 KB

View on SEC.gov