Nirup Krishnamurthy - Nov 21, 2023 Form 4 Insider Report for Medicine Man Technologies, Inc. (SHWZ)

Role: Chief Executive Officer, Director
Signature: /s/ Daniel R. Pabon attorney-in-fact for Nirup Krishnamurthy
Stock symbol: SHWZ
Transactions as of: Nov 21, 2023
Transactions value $: $10,034
Form type: 4
Date filed: 1/16/2024, 04:07 PM
Previous filing: Jan 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHWZ	Common Stock	Purchase	$6.14K	+10K	+0.63%	$0.61	1.61M	Nov 21, 2023	Direct
transaction	SHWZ	Common Stock	Purchase	$3.89K	+6.6K	+0.41%	$0.59	1.62M	Nov 29, 2023	Direct	F1, F2

* 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 1,600,000 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.

Content

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 1,600,000 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).

The options vest in four (4) equal annual installments on each anniversary of the grant date, beginning on May 24, 2023.