Tracy Mccourt - Dec 7, 2020 Form 4 Insider Report for MedMen Enterprises, Inc. (MMNFF)

Role
Chief Revenue Officer
Signature
/s/ Tracy McCourt
Stock symbol
MMNFF
Transactions as of
Dec 7, 2020
Transactions value $
$0
Form type
4
Date filed
10/5/2021, 07:27 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMNFF Class B Subordinate Voting Shares Award $0 +477K $0.00 477K 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 +307K $0.00 307K Dec 7, 2020 Class B Subordinate Voting Shares 307K $0.20 Direct F1, F3
transaction MMNFF Employee Stock Options (right to buy) Award $0 +120K $0.00 120K Aug 29, 2021 Class B Subordinate Voting Shares 120K $0.28 Direct F1, F4
* 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$0.25, which is equivalent to US$0.1953 at an exchange rate of 1.2801.
F4 Such options have an exercise price of CAN$0.355, which is equivalent to US$0.2814 at an exchange rate of 1.2635.