Robert R. Galvin - 19 Sep 2022 Form 4 Insider Report for iANTHUS CAPITAL HOLDINGS, INC. (ITHUF)

Role
Interim CEO and COO
Signature
Robert R Galvin
Issuer symbol
ITHUF
Transactions as of
19 Sep 2022
Net transactions value
-$211,845
Form type
4
Filing time
31 May 2023, 17:51:10 UTC
Previous filing
31 May 2023
Next filing
13 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITHUF Common Stock Award +23,632,068 +7548% 23,945,164 03 Oct 2022 Direct F1, F2
transaction ITHUF Common Stock Disposed to Issuer $211,845 -7,085,104 -30% $0.0299 16,860,060 03 Oct 2022 Direct 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 ITHUF Restricted Stock Units Options Exercise $0 -23,632,068 -67% $0.000000 11,816,034 03 Oct 2022 Common Stock 23,632,068 Direct F2, F4
holding ITHUF Option (right to buy) 3,938,678 19 Sep 2022 Common Stock 3,938,678 $0.0510 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the issuance of the shares underlying the initial vested portion of the grant of restricted stock units to the Reporting Person made on July 26, 2022.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock following vesting.
F3 Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the vesting of 23,632,068 restricted stock units granted to the Reporting Person on July 26, 2022.
F4 The restricted stock units were granted pursuant to the Issuer's Amended and Restated Omnibus Equity Incentive Plan, dated October 15, 2018 (the "Plan"). The restricted stock units referenced in Column 9 of this Table II will vest on July 10, 2023, subject to the Reporting Person's continued service with the Issuer; provided, however, if the Reporting Person is terminated without cause or resigns for good reason from the Issuer, then the restricted stock units shall vest immediately.
F5 The options were granted pursuant to the Plan. The options will vest in three equal annual installments with the first installment vesting on the first anniversary of the date of the grant.

Remarks:

This is a late filing with respect to the transactions reported in Table II pursuant to the General Instructions of Form 4, a Form 4 relating to such transactions should have been filed within two (2) business days following the date of such transactions.