Jade Stinson - Jun 28, 2022 Form 4 Insider Report for Kalera Public Ltd Co (KALRQ)

Role
Chief Innovation Officer
Signature
/s/ Austin Martin, under Power of Attorney
Stock symbol
KALRQ
Transactions as of
Jun 28, 2022
Transactions value $
$0
Form type
4
Date filed
6/30/2022, 05:25 PM
Next filing
Aug 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KALRQ Common Stock Award +23.9K 23.9K Jun 28, 2022 Direct F1

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 KALRQ Contingent Value Rights Award $0 +69.3K $0.00 69.3K Jun 28, 2022 Common Stock 69.3K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the business combination of Agrico Acquisition Corp., Figgreen Limited and Kalera AS ("Legacy Kalera"), each share of Legacy Kalera held by the reporting person was converted into the right to receive a number shares of the Issuer's Common Stock based on the exchange ratio of 0.181 in accordance with the terms of the business combination agreement.
F2 Contractual contingent value rights (each, a "CVR") received pursuant to the terms of the business combination agreement. Each CVR represents a contingent right to receive up to two additional shares of the Issuer, issuable upon the achievement of certain milestones, including: (i) the Issuer shares trading at or over a market price of $12.50; and (ii) the Issuer shares trading at or over a market price of $15.00, in each case, for 20 trading days within a 30 trading-day period, based on volume-weighted average trading prices.