Michael C. James - May 9, 2022 Form 4 Insider Report for Edible Garden AG Inc (EDBL)

Signature
/s/ Michael C. James
Stock symbol
EDBL
Transactions as of
May 9, 2022
Transactions value $
$117,801
Form type
4
Date filed
5/11/2022, 04:30 PM
Previous filing
May 9, 2022
Next filing
Jun 2, 2023

Transactions Table

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 EDBL Convertible Note Conversion of derivative security -$175K $0 May 9, 2022 Common Stock, par value $0.0001 per share 41.9K $4.63 Direct F1
transaction EDBL Convertible Note Conversion of derivative security -$125K $0 May 9, 2022 Common Stock, par value $0.0001 per share 29.9K $4.63 Direct F2
transaction EDBL Convertible Note Conversion of derivative security -$100K $0 May 9, 2022 Common Stock, par value $0.0001 per share 23.9K $4.63 Direct F3
transaction EDBL Convertible Note Conversion of derivative security -$100K $0 May 9, 2022 Common Stock, par value $0.0001 per share 23.9K $4.63 Direct F3
transaction EDBL Convertible Note Conversion of derivative security -$75K $0 May 9, 2022 Common Stock, par value $0.0001 per share 17.8K $4.63 Direct F4
transaction EDBL Convertible Note Conversion of derivative security -$75K $0 May 9, 2022 Common Stock, par value $0.0001 per share 17.8K $4.63 Direct F4
transaction EDBL Convertible Note Conversion of derivative security -$75K $0 May 9, 2022 Common Stock, par value $0.0001 per share 17.8K $4.63 Direct F4
transaction EDBL Convertible Note Conversion of derivative security -$100K $0 May 9, 2022 Common Stock, par value $0.0001 per share 23.7K $4.63 Direct F3
transaction EDBL Convertible Note Conversion of derivative security -$100K $0 May 9, 2022 Common Stock, par value $0.0001 per share 23.6K $4.63 Direct F3
transaction EDBL Convertible Note Conversion of derivative security -$100K $0 May 9, 2022 Common Stock, par value $0.0001 per share 23.6K $4.63 Direct F3
transaction EDBL Convertible Note Conversion of derivative security -$75K $0 May 9, 2022 Common Stock, par value $0.0001 per share 17.6K $4.63 Direct F4
transaction EDBL Convertible Note Conversion of derivative security -$100K $0 May 9, 2022 Common Stock, par value $0.0001 per share 23.5K $4.63 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 automatically converted into shares of common stock by dividing the then-outstanding principal and interest due under the Convertible Note by $4.625. The Reporting Person held a Convertible Note for $175,000 that accrued interest at 12% per annum.
F2 Upon the closing of the Issuer's initial public offering, the Convertible Note automatically converted into shares of common stock by dividing the then-outstanding principal and interest due under the Convertible Note by $4.625. The Reporting Person held a Convertible Note for $125,000 that accrued interest at 12% per annum.
F3 Upon the closing of the Issuer's initial public offering, the Convertible Note automatically converted into shares of common stock by dividing the then-outstanding principal and interest due under the Convertible Note by $4.625. The Reporting Person held a Convertible Note for $100,000 that accrued interest at 12% per annum.
F4 Upon the closing of the Issuer's initial public offering, the Convertible Note automatically converted into shares of common stock by dividing the then-outstanding principal and interest due under the Convertible Note by $4.625. The Reporting Person held a Convertible Note for $75,000 that accrued interest at 12% per annum.