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

Role
VICE PRESIDENT, CCO & PF0
Signature
/s/ Claudia Grimaldi
Stock symbol
IGC
Transactions as of
Mar 31, 2023
Transactions value $
$0
Form type
4
Date filed
6/28/2023, 09:25 PM
Previous filing
Jun 28, 2022
Next filing
Mar 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Options Exercise $0 +83.3K +14.91% $0.00 642K Mar 31, 2023 Direct F1
transaction IGC Common Stock Options Exercise $0 +58.3K +9.08% $0.00 700K Mar 31, 2023 Direct 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 +175K $0.00 175K May 25, 2022 Common Stock 175K Direct F2, F5
transaction IGC Restricted Stock Units Options Exercise $0 -58.3K -33.33% $0.00 117K Mar 31, 2023 Common Stock 58.3K Direct F2
transaction IGC Restricted Stock Units Options Exercise $0 -83.3K -49.85% $0.00 83.8K Mar 31, 2023 Common Stock 83.3K Direct F1
transaction IGC Restricted Stock Units Award $0 +300K $0.00 300K Jun 20, 2023 Common Stock 300K Direct F3, F5
transaction IGC Restricted Stock Units Award $0 +380K $0.00 380K Jun 20, 2023 Common Stock 380K Direct F4, F5
* 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 was granted RSUs equally vesting over three years starting March 2022.
F2 On May 25, 2022, the Reporting Person was granted RSUs subject to vesting equally over three years starting on March 31, 2023.
F3 On June 20, 2023, the Reporting Person was granted RSUs subject to vesting equally over three years starting on March 31, 2024.
F4 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.
F5 Each restricted stock unit represents a right to receive one share of IGC common stock.