Tom Zaccagnino - Apr 1, 2024 Form 4 Insider Report for GRIID Infrastructure Inc. (GRDI)

Role: Director
Signature: /s/ Alexander G. Fraser, Attorney-in-Fact
Stock symbol: GRDI
Transactions as of: Apr 1, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/6/2024, 06:16 PM
Previous filing: Jan 3, 2024
Next filing: Oct 31, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GRDI	Common Stock	Award	$0	+185K	+4.48%	$0.00	4.32M	Apr 1, 2024	Direct	F1
holding	GRDI	Common Stock						41K	Apr 1, 2024	by The Thomas J. Zaccagnino 2020 Irrevocable Trust	F2

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

Explanation of Responses:

Id	Content
F1	Represents a restricted stock unit ("RSU") award granted under the issuer's 2023 Omnibus Incentive Compensation Plan. Each RSU represents the contingent right to receive one share of the issuer's common stock. Subject to certain restrictions and continued service, the RSUs will vest as follows: (i) 61,728 shares on April 1, 2025, (ii) 61,728 shares on April 1, 2026, and (iii) 61,729 shares on April 1, 2027.
F2	These shares are held indirectly by The Thomas J. Zaccagnino 2020 Irrevocable Trust. Mr. Zaccagnino is the grantor and trustee of such trust, with his children as the primary beneficiaries. As a result, Mr. Zaccagnino may be deemed to beneficially own such shares.

Content

Represents a restricted stock unit ("RSU") award granted under the issuer's 2023 Omnibus Incentive Compensation Plan. Each RSU represents the contingent right to receive one share of the issuer's common stock. Subject to certain restrictions and continued service, the RSUs will vest as follows: (i) 61,728 shares on April 1, 2025, (ii) 61,728 shares on April 1, 2026, and (iii) 61,729 shares on April 1, 2027.

These shares are held indirectly by The Thomas J. Zaccagnino 2020 Irrevocable Trust. Mr. Zaccagnino is the grantor and trustee of such trust, with his children as the primary beneficiaries. As a result, Mr. Zaccagnino may be deemed to beneficially own such shares.