Sharmila Kassam - 01 Apr 2024 Form 4 Insider Report for GRIID Infrastructure Inc.

Role: Director
Signature: /s/ Alexander G. Fraser, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 01 Apr 2024
Net transactions value: $0
Form type: 4
Filing time: 08 May 2024, 11:35:39 UTC
Previous filing: 19 May 2023
Next filing: 31 Oct 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GRDI	Common Stock	Award	$0	+185,185	+3704%	$0.000000	190,185	01 Apr 2024	Direct	F1, 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	Since the date of the Reporting Person's last ownership report, the Reporting Person transferred 5,000 shares to the Reporting Person's former spouse pursuant to a divorce decree/domestic relations order. The Reporting Person no longer reports as beneficially owned any securities owned by her former spouse.

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.

Since the date of the Reporting Person's last ownership report, the Reporting Person transferred 5,000 shares to the Reporting Person's former spouse pursuant to a divorce decree/domestic relations order. The Reporting Person no longer reports as beneficially owned any securities owned by her former spouse.