Nicholas Kovacevich - Aug 31, 2021 Form 4 Insider Report for KushCo Holdings, Inc. (KSHB)

Signature
/s/ Stephen Christoffersen, as attorney-in-fact
Stock symbol
KSHB
Transactions as of
Aug 31, 2021
Transactions value $
$0
Form type
4
Date filed
9/1/2021, 05:27 PM
Previous filing
Jul 13, 2021
Next filing
Sep 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KSHB Common Stock Disposed to Issuer -5.28M -100% 0 Aug 31, 2021 Direct F1
transaction KSHB Common Stock Disposed to Issuer -4M -100% 0 Aug 31, 2021 by TRUST F2, F3

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 KSHB Option to Purchase Disposed to Issuer -83.3K -100% 0 Aug 31, 2021 Common Stock 83.3K $1.33 Direct F4
transaction KSHB Option to Purchase Disposed to Issuer -500K -100% 0 Aug 31, 2021 Common Stock 500K $0.63 Direct F5
transaction KSHB Option to Purchase Disposed to Issuer -30K -100% 0 Aug 31, 2021 Common Stock 30K $0.63 Direct F6
transaction KSHB Option to Purchase Disposed to Issuer -75K -100% 0 Aug 31, 2021 Common Stock 75K $0.63 Direct F7
transaction KSHB Option to Purchase Disposed to Issuer -265K -100% 0 Aug 31, 2021 Common Stock 265K $0.63 Direct F8
transaction KSHB Option to Purchase Disposed to Issuer -100K -100% 0 Aug 31, 2021 Common Stock 100K $0.58 Direct F9
transaction KSHB Option to Purchase Disposed to Issuer -97.8K -100% 0 Aug 31, 2021 Common Stock 97.8K $0.79 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Nicholas Kovacevich is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to merger agreement between issuer and Greenlane Holdings, Inc. in exchange for 1,593,211 shares of Greenlane Holdings, Inc. common stock having a market value of $2.61 per share on the effective date of the merger. This number includes 100,582 restricted stock units that accelerated and vested in full prior to the merger.
F2 Disposed of pursuant to merger agreement between issuer and Greenlane Holdings, Inc. in exchange for 1,206,400 shares of Greenlane Holdings, Inc. common stock having a market value of $2.61 per share on the effective date of the merger.
F3 These shares were held in trusts for the benefit of the Reporting Person and the Reporting Person's spouse. The Reporting Person had investment control over the shares held by such trusts.
F4 This option, which was fully vested, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 25,133 shares of Greenlane Holdings, Inc. common stock for $4.41 per share.
F5 This option, which was fully vested, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 150,800 shares of Greenlane Holdings, Inc. common stock for $2.09 per share.
F6 This option, which vested in full in connection with the merger, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 9,048 shares of Greenlane Holdings, Inc. common stock for $2.09 per share.
F7 This option, which vested in full in connection with the merger, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 22,620 shares of Greenlane Holdings, Inc. common stock for $2.09 per share.
F8 This option, which vested in full in connection with the merger, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 79,924 shares of Greenlane Holdings, Inc. common stock for $2.09 per share.
F9 This option, which was fully vested, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 30,160 shares of Greenlane Holdings, Inc. common stock for $1.93 per share.
F10 This option, which was fully vested, was assumed by Greenlane Holdings, Inc. in the merger and replaced with an option to purchase 29,484 shares of Greenlane Holdings, Inc. common stock for $2.62 per share.