Michael Cammarata - Aug 17, 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: Aug 17, 2022
Transactions value $: -$92,741
Form type: 4
Date filed: 8/19/2022, 05:26 PM
Previous filing: Aug 4, 2022
Next filing: Dec 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NEPT	Common Shares	Options Exercise		+175K	+57.49%		478K	Aug 17, 2022	Direct	F1
transaction	NEPT	Common Shares	Tax liability	-$92.7K	-68.7K	-14.36%	$1.35	410K	Aug 17, 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	Award	$0	+175K		$0.00	175K	Aug 17, 2022	Common Shares	175K		Direct	F1
transaction	NEPT	Restricted Share Units	Options Exercise	$0	-175K	-100%	$0.00^*	0	Aug 17, 2022	Common Shares	175K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.

Content

Each RSU represents the contingent right to receive one common share upon vesting of the unit.

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.