Ram Mukunda - 31 Mar 2023 Form 4 Insider Report for IGC Pharma, Inc. (IGC)

Role
CEO, Director
Signature
/s/ Ram Mukunda
Issuer symbol
IGC
Transactions as of
31 Mar 2023
Net transactions value
$0
Form type
4
Filing time
27 Jun 2023, 18:10:19 UTC
Previous filing
28 Jun 2022
Next filing
18 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Options Exercise $0 +333,333 +11% $0.000000 3,341,427 31 Mar 2023 Direct F1
transaction IGC Common Stock Options Exercise $0 +233,334 +7% $0.000000 3,574,761 31 Mar 2023 Direct F2
transaction IGC Common Stock Gift $0 -400,000 -11% $0.000000 3,174,761 23 Jun 2023 Direct F3
transaction IGC Common Stock Options Exercise $0 +16,667 +2.2% $0.000000 760,751 31 Mar 2023 BY SPOUSE F1
transaction IGC Common Stock Options Exercise $0 +16,667 +2.2% $0.000000 777,418 31 Mar 2023 BY SPOUSE 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 IGC Restricted Stock Units Award $0 +700,000 $0.000000 700,000 25 May 2022 Common Stock 700,000 Direct F1, F2, F6
transaction IGC Restricted Stock Units Options Exercise $0 -233,334 -33% $0.000000 466,667 31 Mar 2023 Common Stock 233,334 Direct F2
transaction IGC Restricted Stock Units Options Exercise $0 -333,333 -50% $0.000000 333,333 31 Mar 2023 Common Stock 333,333 Direct F1
transaction IGC Restricted Stock Units Award $0 +1,000,000 $0.000000 1,000,000 20 Jun 2023 Common Stock 1,000,000 Direct F4, F6
transaction IGC Restricted Stock Units Award $0 +1,035,000 $0.000000 1,035,000 20 Jun 2023 Common Stock 1,035,000 Direct F5, F6
transaction IGC Restricted Stock Units Award $0 +50,000 $0.000000 50,000 25 May 2022 Common Stock 50,000 BY SPOUSE F2, F6
transaction IGC Restricted Stock Units Options Exercise $0 -12,500 -50% $0.000000 12,500 31 Mar 2023 Common Stock 12,500 BY SPOUSE F2, F6
transaction IGC Restricted Stock Units Options Exercise $0 -16,667 -50% $0.000000 16,667 31 Mar 2023 Common Stock 16,667 BY SPOUSE F1
transaction IGC Restricted Stock Units Award $0 +50,000 $0.000000 50,000 20 Jun 2023 Common Stock 50,000 BY SPOUSE F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 19, 2021, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three and two years, respectively, and starting on March 31, 2022.
F2 On May 25, 2022, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2023.
F3 Gift of shares of the Company's common stock to the reporting person's children who do not share the reporting person's household.
F4 On June 20, 2023, the Reporting Person and the Reporting Person's spouse were granted RSUs subject to vesting equally over three years starting on March 31, 2024.
F5 On June 20, 2023, the Reporting Person was granted RSUs subject to vesting according to specific milestones set by the Company's Board of Directors. The RSUs vest when milestones are achieved.
F6 Each restricted stock unit represents a right to receive one share of IGC common stock.