Christopher McElvany - Feb 8, 2023 Form 3 Insider Report for Lucy Scientific Discovery, Inc. (LSDI)

Role
President and CEO, Director
Signature
/s/ Brian Zasitko, Attorney-in-Fact
Stock symbol
LSDI
Transactions as of
Feb 8, 2023
Transactions value $
$0
Form type
3
Date filed
2/9/2023, 09:35 AM
Next filing
Feb 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LSDI Common Shares 991K Feb 8, 2023 Direct

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 LSDI 8% Convertible Promissory Note Feb 8, 2023 Common Shares $500K $1.72 Downwind Investments, LLC F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The outstanding principal amount and accrued and unpaid interest of the convertible note is convertible into common shares automatically upon the closing of the issuer's initial public offering.
F2 Represents the principal amount of the convertible note and excludes interest that may accrue. Interest on the note is payable annually, in cash or common shares, at the holder's discretion.
F3 Conversion price was converted from Canadian dollars based on the noon rate of US$1.00 = CAD$1.2530.
F4 The securities are held by Downwind Investments, LLC ("Downwind Investments"). The reporting person and his spouse are the sole members of Downwind Investments. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Remarks:

Exhibit List - Exhibit 24 - Power of Attorney