Peter Casimir Willett - Jan 1, 2024 Form 3 Insider Report for Greenbrook TMS Inc. (GBNH)

Role: Chief Financial Officer
Signature: /s/William Leonard, Attorney-in-Fact
Stock symbol: GBNH
Transactions as of: Jan 1, 2024
Transactions value $: $0
Form type: 3
Date filed: 1/2/2024, 04:29 PM
Next filing: May 30, 2024

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
holding	GBNH	Options							Jan 1, 2024	Common Shares	3K	$5.00	Direct	F1
holding	GBNH	Options							Jan 1, 2024	Common Shares	2K	$7.50	Direct	F2
holding	GBNH	Options							Jan 1, 2024	Common Shares	3K	$10.00	Direct	F3
holding	GBNH	Options							Jan 1, 2024	Common Shares	5K	$12.44	Direct	F4, F5
holding	GBNH	Options							Jan 1, 2024	Common Shares	4K	$10.13	Direct	F6, F7
holding	GBNH	Options							Jan 1, 2024	Common Shares	10K	$15.45	Direct	F8, F9
holding	GBNH	Options							Jan 1, 2024	Common Shares	75K	$0.75	Direct	F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These options were granted pursuant to the Company's Amended Employee Stock Option Plan (the "Stock Option Plan") as described in the Company's 2022 Meeting Information Circular, filed with the Securities and Exchange Commission on May 23, 2023. The options were granted on March 31, 2017 and vested over a three-year period, with one-third vesting on each of the 3 anniversaries of the date of the grant. As of the date hereof, all options are vested and exercisable.
F2	These options were granted pursuant to the Stock Option Plan on March 31, 2018 and vested over a three year period, with one-third vesting on each of the 3 anniversaries of the date of the grant. As of the date hereof, all options are vested and exercisable.
F3	These options were granted pursuant to the Stock Option Plan on October 3, 2018, with the first-third vesting on March 31, 2019 and the remaining two thirds vesting in equal parts on each of the 2 anniversaries of the initial vesting. As of the date hereof, all options are vested and exercisable.
F4	These options were granted pursuant to the Stock Option Plan on March 27, 2019 and vested over a three year period, with one-third vesting on each of the 3 anniversaries of the date of the grant. As of the date hereof, all options are vested and exercisable.
F5	Converted to USD based on the average daily exchange rate of the Bank of Canada reported on December 29, 2023. Each option may be exercised for a price of $16.45 Canadian dollars.
F6	These options were granted pursuant to the Stock Option Plan on February 3, 2020 and vested over a three year period, with one-third vesting on each of the 3 anniversaries of the date of the grant. As of the date hereof, all options are vested and exercisable.
F7	Converted to USD based on the average daily exchange rate of the Bank of Canada reported on December 29, 2023. Each option may be exercised for a price of $13.40 Canadian dollars.
F8	These options were granted pursuant to the Stock Option Plan on February 17, 2021 and will vest over a three year period, with one-third vesting on each of the 3 anniversaries of the date of the grant. As of the date hereof, 6,667 options are vested and exercisable.
F9	Converted to USD based on the average daily exchange rate of the Bank of Canada reported on December 29, 2023. Each option may be exercised for a price of $20.43 Canadian dollars.
F10	These options were granted pursuant to the Company's Omnibus Equity Incentive Plan as described in the Company's 2022 Meeting Information Circular, filed with the Securities and Exchange Commission on May 23, 2023, on May 15, 2023. Half of the options granted immediately vested while the remaining half vest over a two-year period, with one-quarter of the total amount vesting on each of the 2 anniversaries of the date of the grant. As of the date hereof, 37,500 options are vested and exercisable.