PURA VIDA INVESTMENTS, LLC - 18 Nov 2020 Form 4 Insider Report for MedMen Enterprises, Inc.

Role
10%+ Owner
Signature
/s/ Efrem Kamen
Issuer symbol
N/A
Transactions as of
18 Nov 2020
Net transactions value
-$1,025,925
Form type
4
Filing time
29 Apr 2022, 16:41:49 UTC
Previous filing
29 Apr 2022
Next filing
29 Apr 2022
SEC
View on sec.gov

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 Senior Secured Convertible Note Expiration (or cancellation) of long derivative position with value received $218,317 $2,760,421 18 Nov 2020 Class B Subordinate Voting Shares 1,168,132 $2.55 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Expiration (or cancellation) of long derivative position with value received $116,955 $5,124,733 18 Nov 2020 Class B Subordinate Voting Shares 20,160,339 $0.2600 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Expiration (or cancellation) of long derivative position with value received $405,446 $8,021,039 18 Nov 2020 Class B Subordinate Voting Shares 24,783,779 $0.3400 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Expiration (or cancellation) of long derivative position with value received $38,985 $771,254 18 Nov 2020 Class B Subordinate Voting Shares 4,051,194 $0.2000 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Expiration (or cancellation) of long derivative position with value received $68,942 $871,712 18 Nov 2020 Class B Subordinate Voting Shares 368,883 $2.55 By Pura Vida Pro Special Oppportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Expiration (or cancellation) of long derivative position with value received $36,933 $1,618,337 18 Nov 2020 Class B Subordinate Voting Shares 6,366,423 $0.2600 By Pura Vida Pro Special Oppportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Expiration (or cancellation) of long derivative position with value received $128,035 $2,532,960 18 Nov 2020 Class B Subordinate Voting Shares 7,826,456 $0.3400 By Pura Vida Pro Special Oppportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Expiration (or cancellation) of long derivative position with value received $12,311 $243,554 18 Nov 2020 Class B Subordinate Voting Shares 1,279,324 $0.2000 By Pura Vida Pro Special Oppportunity Master Fund, LTD. F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 18, 2020, the Issuer made a partial prepayment on the Senior Secured Convertible Note (the "Note").
F2 Currently exercisable.
F3 Represents the number of Class B Subordinate Voting Shares (the "Shares") issuable upon conversion of the outstanding principal amount of the Note prior to the partial prepayment on November 18, 2020. The ultimate number of Shares issuable upon conversion may vary based on the accrued interest payable on the Note at the time of conversion.
F4 The reporting persons (the "Reporting Persons") are Pura Vida Investments, LLC ("PVI"), Pura Vida Master Fund, LTD. (the "PV Master Fund"), and Efrem Kamen. PVI serves as the investment manager to the PV Master Fund. Pura Vida Pro, LLC ("PVP") serves as the investment manager to Pura Vida Pro Special Opportunity Master Fund, LTD. PVP is a relying adviser of PVI. Efrem Kamen serves as the managing member of both PVI and PVP.
F5 This Form 4 shall not be deemed an admission that PVI and Efrem Kamen are beneficial owners of the securities for purposes of Sections 13 and 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of PVI and Efrem Kamen disclaims beneficial ownership of the securities reported herein except to the extent of the Reporting Person's pecuniary interest, if any, therein.