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

Role
Director
Signature
/s/ Ian Jenks, attorney-in-fact for Klaas de Boer
Stock symbol
SMTK
Transactions as of
May 30, 2024
Transactions value $
$0
Form type
4
Date filed
6/5/2024, 09:00 PM
Previous filing
Feb 2, 2024
Next filing
Jun 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMTK Common Stock Conversion of derivative security +5.72K +100% 11.4K May 30, 2024 By Spouse F1
holding SMTK Common Stock 100 May 30, 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 May 30, 2024 Common Stock 5.72K $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.