Michael Cammarata - May 2, 2022 Form 4 Insider Report for Neptune Wellness Solutions Inc. (NEPT)

Role
President and CEO, Director
Signature
/s/ Christopher Piazza for Michael Cammarata as Attorney-in-Fact
Stock symbol
NEPT
Transactions as of
May 2, 2022
Transactions value $
-$212,337
Form type
4
Date filed
5/5/2022, 06:10 AM
Previous filing
Apr 1, 2022
Next filing
Aug 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NEPT Common Shares Options Exercise +77.8K +0.9% 8.71M May 2, 2022 Direct F1
transaction NEPT Common Shares Tax liability -$5.2K -30.6K -0.35% $0.17 8.68M May 2, 2022 Direct F2
transaction NEPT Common Shares Options Exercise +3.06M +35.19% 11.7M May 4, 2022 Direct F1
transaction NEPT Common Shares Tax liability -$207K -1.2M -10.24% $0.17 10.5M May 4, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NEPT Restricted Share Units Options Exercise $0 -77.8K -33.33% $0.00 156K May 2, 2022 Common Shares 77.8K Direct F1, F3
transaction NEPT Restricted Share Units Award $0 +3.06M $0.00 3.06M May 4, 2022 Common Shares 3.06M Direct F1, F4
transaction NEPT Restricted Share Units Options Exercise $0 -3.06M -100% $0.00* 0 May 4, 2022 Common Shares 3.06M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted share units ("RSUs") vest immediately. Each RSU represents the contingent right to receive one common share upon vesting of the unit.
F2 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of on this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the settlement of vested RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
F3 On July 8, 2019, the reporting person was granted 2,800,000 RSUs, subject to vesting and settlement as described in the reporting person's Form 3 filed on April 1, 2022.
F4 The RSUs vest immediately.