Klaas de Boer - 30 May 2024 Form 4 Insider Report for SmartKem, Inc. (SMTK)

Role
Director
Signature
/s/ Ian Jenks, attorney-in-fact for Klaas de Boer
Issuer symbol
SMTK
Transactions as of
30 May 2024
Net transactions value
$0
Form type
4
Filing time
05 Jun 2024, 21:00:12 UTC
Previous filing
02 Feb 2024
Next filing
17 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMTK Common Stock Conversion of derivative security +5,715 +100% 11,430 30 May 2024 By Spouse F1
holding SMTK Common Stock 100 30 May 2024 Direct

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 SMTK Series A-2 Convertible Preferred Stock Conversion of derivative security -50 -100% 0 30 May 2024 Common Stock 5,715 $8.75 By Spouse F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series A-2 Convertible Preferred Stock, stated valued equal to $1,000 per share (the "Preferred Stock"), converted automatically into shares of common stock of the Issuer at the conversion price of $8.75 per share on May 30, 2024.
F2 The Preferred Stock does not have an expiration date.