Michael C. James - May 4, 2022 Form 3 Insider Report for Edible Garden AG Inc (EDBL)

Role: Chief Financial Officer, Director, 10%+ Owner
Signature: /s/ Michael C. James
Stock symbol: EDBL
Transactions as of: May 4, 2022
Transactions value $: $0
Form type: 3
Date filed: 5/9/2022, 04:19 PM
Next filing: May 11, 2022

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						1.3M	May 4, 2022	Direct
holding	EDBL	Common Stock, par value $0.0001 per share						400K	May 4, 2022	By spouse
holding	EDBL	Common Stock, par value $0.0001 per share						40K	May 4, 2022	By daughter
holding	EDBL	Common Stock, par value $0.0001 per share						40K	May 4, 2022	By daughter

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							May 4, 2022	Common Stock, par value $0.0001 per share	41.9K		Direct	F1
holding	EDBL	Convertible Note							May 4, 2022	Common Stock, par value $0.0001 per share	29.9K		Direct	F2
holding	EDBL	Convertible Note							May 4, 2022	Common Stock, par value $0.0001 per share	23.9K		Direct	F3
holding	EDBL	Convertible Note							May 4, 2022	Common Stock, par value $0.0001 per share	23.9K		Direct	F3
holding	EDBL	Convertible Note							May 4, 2022	Common Stock, par value $0.0001 per share	17.8K		Direct	F4
holding	EDBL	Convertible Note							May 4, 2022	Common Stock, par value $0.0001 per share	17.8K		Direct	F4
holding	EDBL	Convertible Note							May 4, 2022	Common Stock, par value $0.0001 per share	17.8K		Direct	F4
holding	EDBL	Convertible Note							May 4, 2022	Common Stock, par value $0.0001 per share	23.7K		Direct	F3
holding	EDBL	Convertible Note							May 4, 2022	Common Stock, par value $0.0001 per share	23.6K		Direct	F3
holding	EDBL	Convertible Note							May 4, 2022	Common Stock, par value $0.0001 per share	23.6K		Direct	F3
holding	EDBL	Convertible Note							May 4, 2022	Common Stock, par value $0.0001 per share	17.6K		Direct	F4
holding	EDBL	Convertible Note							May 4, 2022	Common Stock, par value $0.0001 per share	23.5K		Direct	F3

* 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 $175,000 that accrues interest at 12% per annum.
F2	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 $125,000 that accrues interest at 12% per annum.
F3	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 $100,000 that accrues interest at 12% per annum.
F4	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 $75,000 that accrues interest at 12% per annum.