Donald H. Hunter - 31 Aug 2021 Form 4 Insider Report for Greenlane Holdings, Inc. (GNLN)

Role: Director
Signature: /s/ Douglas Fischer, as attorney-in-fact for Donald Hunter
Issuer symbol: GNLN
Transactions as of: 31 Aug 2021
Net transactions value: $0
Form type: 4
Filing time: 02 Sep 2021, 19:17:25 UTC
Next filing: 30 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GNLN	Class A Common Stock	Award		+22,198			22,198	31 Aug 2021	Direct	F1, 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	GNLN	Option to Purchase	Award	$0	+28,500		$0.000000	28,500	31 Aug 2021	Class A Common Stock	28,500	$4.85	Direct	F3
transaction	GNLN	Option to Purchase	Award	$0	+28,500		$0.000000	28,500	31 Aug 2021	Class A Common Stock	28,500	$2.79	Direct	F4
transaction	GNLN	Option to Purchase	Award	$0	+5,466		$0.000000	5,466	31 Aug 2021	Class A Common Stock	5,466	$2.26	Direct	F5
transaction	GNLN	Option to Purchase	Award	$0	+5,466		$0.000000	5,466	31 Aug 2021	Class A Common Stock	5,466	$2.26	Direct	F6
transaction	GNLN	Option to Purchase	Award	$0	+24,989		$0.000000	24,989	31 Aug 2021	Class A Common Stock	24,989	$1.93	Direct	F7
transaction	GNLN	Option to Purchase	Award	$0	+18,096		$0.000000	18,096	31 Aug 2021	Class A Common Stock	18,096	$1.93	Direct	F8

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

Explanation of Responses:

Id	Content
F1	Received in exchange for 73,604 shares of common stock of KushCo Holdings, Inc. ("KushCo") pursuant to the Agreement and Plan of Merger, dated as of March 31, 2021, by and among Greenlane Holdings, Inc. ("Greenlane"), Merger Sub Gotham 1, LLC, Merger Sub Gotham 2, LLC and KushCo (the "Merger Agreement"). Upon the closing of the transactions contemplated by the Merger Agreement, each share of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into the right to receive 0.3016 shares of Greenlane Class A common stock.
F2	On the date immediately prior to the effective time of the merger, the closing price of Greenlane's Class A stock was $2.61 per share and the closing price of KushCo's common stock was $0.694 per share.
F3	Received in exchange for options to purchase 94,498 shares of KushCo common stock at an exercise price of $1.46 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
F4	Received in exchange for options to purchase 94,498 shares of KushCo common stock at an exercise price of $0.84 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
F5	Received in exchange for options to purchase 18,125 shares of KushCo common stock at an exercise price of $0.68 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
F6	Received in exchange for options to purchase 18,125 shares of KushCo common stock at an exercise price of $0.68 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.
F7	Received in exchange for options to purchase 82,858 shares of KushCo common stock at an exercise price of $0.58 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock. These options had fully vested prior to the closing of the transactions contemplated by the Merger Agreement.
F8	Received in exchange for options to purchase 60,000 shares of KushCo common stock at an exercise price of $0.58 per share pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each option to purchase shares of KushCo common stock that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into an option exercisable for 0.3016 shares of Greenlane Class A common stock.