George J. Schultze - May 31, 2023 Form 4 Insider Report for Clever Leaves Holdings Inc. (CLVR)

Role: Director
Signature: /s/ Marta Pinto Leite, under power of attorney
Stock symbol: CLVR
Transactions as of: May 31, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/27/2023, 04:01 PM
Previous filing: Apr 12, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLVR	Common shares	Award	$0	+40K	+53.14%	$0.00	115K	May 31, 2023	Direct	F1, F2
holding	CLVR	Common shares						2.25M	May 31, 2023	See footnote	F3, F4

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

Explanation of Responses:

Id	Content
F1	Each restricted share unit represents the contingent right to receive one common share.
F2	Consists of 33,625 restricted share units granted pursuant to the 2020 Incentive Award Plan and 6,375 restricted share units granted pursuant to the 2020 Earnout Award Plan, all of which will vest on May 31, 2024, subject to the Reporting Person's continuous service with the Issuer through the relevant vesting dates.
F3	Includes 570,211 shares subject to certain vesting and forfeiture arrangements, as described in the Issuer's registration statement on Form S-4 (File No. 333-241707).
F4	The securities are held directly by Schultze Special Purpose Acquisition Sponsor, LLC (the "Sponsor") and indirectly by George J. Schultze, who controls both Schultze Asset Management, LP, the manager of the Sponsor, and Schultze Master Fund, Ltd, the majority owner of the Sponsor. Mr. Schultze disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Remarks:

Exhibit 24 - Power of Attorney