Nicholas Vita - 03 May 2023 Form 4 Insider Report for Columbia Care Inc. (CBSTF)

Role
Chief Executive Officer, Director
Signature
/s/ David Sirolly as attorney-in-fact for Nicholas Vita
Issuer symbol
CBSTF
Transactions as of
03 May 2023
Net transactions value
-$119,645
Form type
4
Filing time
05 May 2023, 20:27:51 UTC
Previous filing
13 Apr 2023
Next filing
13 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCHWF Common Shares Options Exercise +85,663 +8.3% 1,115,019 03 May 2023 Direct F1
transaction CCHWF Common Shares Options Exercise +223,666 +20% 1,338,685 03 May 2023 Direct F1
transaction CCHWF Common Shares Options Exercise +232,143 +17% 1,570,828 03 May 2023 Direct F1
transaction CCHWF Common Shares Tax liability $119,645 -244,173 -16% $0.4900 1,326,655 03 May 2023 Direct F2
holding CCHWF Common Shares 25,427,075 03 May 2023 Held by Vita Holdings LLC F3

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 CCHWF Restricted Stock Units Options Exercise -223,666 -50% 223,666 03 May 2023 Common Shares 223,666 $0.000000 Direct F1, F4
transaction CCHWF Restricted Stock Units Options Exercise -85,663 -33% 171,326 03 May 2023 Common Shares 85,663 $0.000000 Direct F1, F5
transaction CCHWF Restricted Stock Units Options Exercise -232,143 -25% 696,429 03 May 2023 Common Shares 232,143 $0.000000 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 Converted from the Canadian price of $0.67 using an exchange rate of C$1.3612 = US$1.00.
F3 Held by Vita Holdings LLC, a company owned and controlled by the reporting person.
F4 894,663 RSUs were granted on March 31, 2020, and vested as follows: 1/4 annually beginning March 31, 2021, with settlement of vested RSUs to occur as soon as practicable following the vesting date.
F5 342,652 RSUs were granted on March 23, 2021, and vest as follows: 1/4 annually beginning March 23, 2022, with settlement of vested RSUs to occur as soon as practicable following the vesting date.
F6 928,572 RSUs were granted on March 31, 2022, and vest as follows: 1/4 annually beginning March 31, 2023, with settlement of vested RSUs to occur as soon as practicable following the vesting date.