Miri Halperin - Aug 21, 2024 Form 4 Insider Report for Mind Medicine (MindMed) Inc. (MNMD)

Signature
/s/ Robert Barrow, Attorney-in-Fact for Miri Halperin Wernli
Stock symbol
MNMD
Transactions as of
Aug 21, 2024
Transactions value $
-$16,111
Form type
4
Date filed
8/22/2024, 04:30 PM
Previous filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNMD Common Shares Options Exercise $185K +50K +27.03% $3.70 235K Aug 21, 2024 Direct F1
transaction MNMD Common Shares Tax liability -$201K -32.6K -13.87% $6.17 202K Aug 21, 2024 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 MNMD Stock Option (Right to Buy) Options Exercise $0 -50K -100% $0.00 0 Aug 21, 2024 Common Shares 50K $3.70 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise of Reporting Person's stock option that would otherwise expire February 27, 2025.
F2 Transaction represents a "net exercise" of an outstanding stock option to purchase an aggregate of 50,000 common shares of the Issuer granted on February 27, 2020. The Reporting Person received 17,405 common shares of the Issuer on the net exercise of the stock option. The Issuer withheld 32,595 common shares underlying the stock option for payment of the exercise price and tax withholding using a stock price of $6.17, which represents the closing price of the Issuer's common shares on August 20, 2024, the day before the exercise.
F3 Represents the option to purchase 50,000 common shares of the Issuer, which vested over a period of four years following the date of the grant of February 27, 2020. All such options are fully vested.