Nirup Krishnamurthy - May 24, 2023 Form 4 Insider Report for Medicine Man Technologies, Inc. (SHWZ)

Role
Chief Executive Officer, Director
Signature
/s/ Daniel Pabon, as Attorney-in-Fact for Nirup Krishnamurthy
Stock symbol
SHWZ
Transactions as of
May 24, 2023
Transactions value $
$0
Form type
4
Date filed
1/9/2024, 11:40 AM
Previous filing
Feb 16, 2024
Next filing
Jan 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHWZ Common Stock Award $0 +1.6M $0.00 1.6M May 24, 2023 Direct F1, F2

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 SHWZ Employee Stock Option (Right to Buy) Award $0 +800K +66.67% $0.00 2M May 24, 2023 Common Stock 800K $1.04 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issued as restricted stock units (RSUs) in connection with reporting persons retainer as director under the Company's 2017 Equity Incentive Plan and exempt from Section 16(b) by virtue of Rule 16(b)-b(d)(1) and (3). The RSU's are reportable, however, as directly owned shares of common stock, rather as a derivative security in Table II, because any and all underlying RSUs are payable, at such time as they are to be settled, solely in common stock. See Lincoln National Corp. (March 20, 1992) (Q.3).
F2 The options vest in four (4) equal annual installments on each anniversary of the grant date, beginning on May 24, 2023.
F3 The options vest in four (4) equal annual installments on each anniversary of the grant date, beginning on May 24, 2024.