Richard K. Prins - Mar 13, 2024 Form 4 Insider Report for IGC Pharma, Inc. (IGC)

Role
Director
Signature
/s/ Richard Prins
Stock symbol
IGC
Transactions as of
Mar 13, 2024
Transactions value $
$0
Form type
4
Date filed
3/15/2024, 09:09 PM
Previous filing
Nov 20, 2023
Next filing
Jun 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Options Exercise $0 +100K +10.95% $0.00 1.01M Mar 13, 2024 Direct F1
transaction IGC Common Stock Options Exercise $0 +58.3K +5.76% $0.00 1.07M Mar 13, 2024 Direct F2
transaction IGC Common Stock Options Exercise $0 +100K +9.33% $0.00 1.17M Mar 13, 2024 Direct F3
transaction IGC Common Stock Options Exercise $0 +42.8K +3.65% $0.00 1.21M Mar 13, 2024 Direct F4
transaction IGC Common Stock Options Exercise $0 +28.5K +2.35% $0.00 1.24M Mar 13, 2024 Direct F4

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 Options Exercise $0 -100K -50% $0.00 100K Mar 13, 2024 Common Stock 100K Direct F1, F5
transaction IGC Restricted Stock Units Options Exercise $0 -58.3K -50% $0.00 58.3K Mar 13, 2024 Common Stock 58.3K Direct F2, F5
transaction IGC Restricted Stock Units Options Exercise $0 -100K -33.33% $0.00 200K Mar 13, 2024 Common Stock 100K Direct F3, F5
transaction IGC Restricted Stock Units Options Exercise $0 -71.3K -25% $0.00 214K Mar 13, 2024 Common Stock 71.3K Direct F4, F5
transaction IGC Restricted Stock Units Award $0 +210K $0.00 210K Mar 13, 2024 Common Stock 210K Direct F5, F6
transaction IGC Restricted Stock Units Award $0 +175K $0.00 175K Mar 13, 2024 Common Stock 175K Direct F5, F7
* 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 subject to vesting equally over three years starting on March 31, 2022.
F2 On May 25, 2022, the Reporting Person was granted RSUs subject to vesting equally over three years starting March 2023.
F3 On June 20, 2023, the Reporting Person was granted RSUs subject to vesting equally over three years starting March 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.
F6 On March 13, 2024, the Reporting Person was granted RSUs subject to vesting equally over three years starting March 2025.
F7 On March 13, 2024, 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.