Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GNLN | Class B Common Stock | Conversion of derivative security | $0 | -500K | -24.72% | $0.00 | 1.52M | Jan 5, 2022 | Direct | F2 |
transaction | GNLN | Class A Common Stock | Conversion of derivative security | $0 | +500K | +1600.31% | $0.00 | 531K | Jan 5, 2022 | Direct | F2 |
holding | GNLN | Class B Common Stock | 16M | Jan 5, 2022 | See footnote | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GNLN | Common Units | Conversion of derivative security | $0 | -500K | -24.72% | $0.00 | 1.52M | Jan 5, 2022 | Class A Common Stock | 500K | Direct | F2, F3 | |
holding | GNLN | Common Units | 16M | Jan 5, 2022 | Class A Common Stock | 16M | See footnote | F1, F2, F3 |
Id | Content |
---|---|
F1 | The reporting person is a stockholder of Jacoby & Co. Inc. ("Jacoby"), which is a member of the Operating Company (as defined below) and is the direct record owner of the securities described herein. The reporting person shares voting control of such securities owned by Jacoby and has a pecuniary interest in such securities held by Jacoby. |
F2 | Pursuant to the Third Amended and Restated Operating Agreement of Greenlane Holdings, LLC (the "Operating Company"), the common membership interests in the Operating Company (the "Common Units") are redeemable on a one-for-one basis for shares of Class A common stock of the Issuer, or, at the election of the Issuer, cash equal to a volume weighted average market price of a share of Class A common stock. Upon any redemption of Common Units, one share of Class B common stock is automatically forfeited and cancelled for each Common Unit so redeemed. On January 5, 2022 the Reporting Person tendered 500,000 Common Units for redemption and was issued 500,000 shares of Class A common stock. |
F3 | The Common Units have no expiration date. |