Michael Jay Lane - Aug 29, 2021 Form 4 Insider Report for MedMen Enterprises, Inc. (MMNFF)

Role
CIO
Signature
/s/ Michael Jay Lane
Stock symbol
MMNFF
Transactions as of
Aug 29, 2021
Transactions value $
$0
Form type
4
Date filed
10/5/2021, 07:25 PM
Previous filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMNFF Class B Subordinate Voting Shares Award $0 +782K +56.94% $0.00 2.15M Aug 29, 2021 Direct F1, 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 MMNFF Employee Stock Options (right to buy) Award $0 +197K $0.00 197K Aug 29, 2021 Class B Subordinate Voting Shares 197K $0.28 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issued pursuant to Issuer's 2018 Stock Incentive Plan.
F2 Represents restricted stock units ("RSUs"), which vest annually over four years beginning 6/30/2022, with 37.5% of shares vesting on 6/30/2022 and 6/30/2024, and 12.5% of shares vesting on 6/30/2023 and 6/30/2025. RSUs are equivalent to Issuer's Class B Subordinate Voting Shares and may be settled solely by delivery of an equal number of such shares of Issuer.
F3 Such options have an exercise price of CAN$0.355, which is US$0.2814 at an exchange rate of 1.2635.