Brian Shure - Jan 13, 2022 Form 4 Insider Report for Lowell Farms Inc. (LOWLF)

Role
Chief Financial Officer, Director
Signature
/s/ Brian Shure
Stock symbol
LOWLF
Transactions as of
Jan 13, 2022
Transactions value $
$0
Form type
4
Date filed
1/18/2022, 05:18 PM
Previous filing
Jan 4, 2022
Next filing
Sep 2, 2022

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 LOWLF Stock options (right to buy) Award $0 +125K $0.00 125K Jan 13, 2022 Subordinate Voting Shares 125K $0.31 Direct F1
transaction LOWLF Stock options (right to buy) Award $0 +75K $0.00 75K Jan 13, 2022 Subordinate Voting Shares 75K $0.31 Direct F2
transaction LOWLF Stock options (right to buy) Award $0 +300K $0.00 300K Jan 13, 2022 Subordinate Voting Shares 300K $0.31 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 25% of the options vest and become exercisable on each of the first four anniversaries of the date of grant.
F2 25% of the options vest and become exercisable at the end of each calendar quarter in 2022.
F3 25% of the options vest and become exercisable on the first day of each calendar quarter in 2022.