James E. Kras - 09 May 2022 Form 4 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: 09 May 2022
Net transactions value: +$2,619
Form type: 4
Filing time: 11 May 2022, 16:32:02 UTC
Previous filing: 09 May 2022
Next filing: 16 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EDBL	Common Stock, par value $0.0001 per share	Conversion of derivative security	$27,819	+6,015	+0.44%	$4.62	1,386,015	09 May 2022	Direct
holding	EDBL	Common Stock, par value $0.0001 per share						400,000	09 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
transaction	EDBL	Convertible Note	Conversion of derivative security	$25,200				$0	09 May 2022	Common Stock, par value $0.0001 per share	6,015	$4.62	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 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 $25,200 that accrued interest at 12% per annum.