James E. Kras - 04 May 2022 Form 3 Insider Report for Edible Garden AG Inc (EDBL)

Role: President and CEO, Director, 10%+ Owner
Signature: /s/ Michael C. James, Attorney-in-Fact for James E. Kras
Issuer symbol: EDBL
Transactions as of: 04 May 2022
Net transactions value: $0
Form type: 3
Filing time: 09 May 2022, 16:18:00 UTC
Next filing: 11 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	EDBL	Common Stock, par value $0.0001 per share						1,380,000	04 May 2022	Direct
holding	EDBL	Common Stock, par value $0.0001 per share						400,000	04 May 2022	By spouse

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
holding	EDBL	Convertible Note							04 May 2022	Common Stock, par value $0.0001 per share	6,015		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Upon the closing of the Issuer's initial public offering, the Convertible Note will automatically convert into shares of common stock by dividing the then-outstanding principal and interest due under the Convertible Note by $4.625. The Reporting Person holds a Convertible Note for $25,200 that accrues interest at 12% per annum.